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Cherry Hill Mortgage: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Cherry Hill Mortgage (NYSE:CHMI) rose 0.2% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 17.07% over the past year to $0.48, which beat the estimate of $0.32.

Revenue of $10,019,000 up by 48.47% from the same period last year, which beat the estimate of $7,490,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Nov 09, 2020

View more earnings on CHMI

Time: 05:00 PM

ET Webcast URL: https://viavid.webcasts.com/starthere.jsp?ei=1384101&tp_key=aa0574e260

Technicals

Company's 52-week high was at $16.34

Company's 52-week low was at $2.76

Price action over last quarter: down 2.07%

Company Overview

Cherry Hill Mortgage Investment Corp operates in the real estate sector in the United States. It invests in residential mortgage assets with the objective of generating current yields and risk-adjusted total returns for its stockholders over the long term. The company reportable segments include investments in Residential mortgage-backed securities (RMBS), Investments in Servicing Related Assets and All Other. It generates maximum revenue from the RMBS segment in the form of Interest income earned for servicing mortgage loans.

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