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Sachem Capital (SACH)
:SACH
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Earnings Data
Report Date
Apr 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.31Last Year’s EPS
0.08Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 13, 2019
|% Change Since: -33.16%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Negative
The earnings call highlighted several strategic moves, such as the Federal Reserve rate cut and investment in Shem Creek Capital, which could benefit Sachem in the long term. However, significant challenges remain, including decreased revenue, increased nonaccrual loans, and a net loss for the quarter. The proactive sale of nonaccrual loans could help alleviate some pressures, but the overall financial performance reflects ongoing struggles.Company Guidance
During the third quarter 2024 earnings call for Sachem Capital Corp., executives provided detailed financial guidance amidst challenging market conditions. The company reported a revenue of approximately $14.8 million, a decrease from the previous year's $17.8 million, largely due to reduced loan originations. The firm is engaged in negotiations to sell mortgage loans worth about $78.8 million, anticipating a recovery of 70% of the unpaid principal balance. This strategic move aims to reduce nonaccrual loans and foreclosures, thereby lowering the cost of capital. Operating expenses rose to approximately $19.6 million, driven by a $8.1 million increase in CECL reserves and $2.3 million in general and administrative expenses. The quarter also saw a net loss of $6.1 million, or negative $0.13 per diluted share. On the balance sheet, total assets were $555.5 million with $324.7 million in total debt. Despite the current challenges, Sachem is optimistic about future opportunities, particularly in the workforce housing sector, as evidenced by their $2.5 million investment in Shem Creek Capital, with an additional $2.5 million due by September 2025.Federal Reserve Rate Cut
The Federal Reserve reduced interest rates by 25 basis points following a 50-basis point decrease in September, which is positive for borrowers and lenders.
Strategic Investment in Shem Creek Capital
Sachem invested $2.5 million in Shem Creek Capital for a 20% membership interest, with an additional $2.5 million due by September 2025, to diversify cash flow and broaden the business model.
Focus on Single-family and Multifamily Residential Assets
Sachem's primary focus continues on single-family and small multifamily residential assets in growing markets with favorable metrics.
Reduced G&A Expenses
Interest and amortization of deferred financing costs decreased by approximately 11% since September 30, 2023, due to repayment of unsecured notes.
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SACH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SACH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $1.90 | $1.76 | -7.37% |
| Aug 14, 2024 | $2.27 | $2.19 | -3.52% |
| May 10, 2024 | $3.00 | $3.00 | 0.00% |
| Apr 01, 2024 | $4.08 | $3.36 | -17.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sachem Capital (SACH) report earnings?
Sachem Capital (SACH) is schdueled to report earning on Apr 07, 2025, TBA Not Confirmed.
What is Sachem Capital (SACH) earnings time?
Sachem Capital (SACH) earnings time is at Apr 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SACH EPS forecast?
SACH EPS forecast for the fiscal quarter 2024 (Q4) is -0.31.
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