U.S. Markets close in 6 hrs 8 mins

Free Post Earnings Research Report: Two Harbors’ Q4 Bottom-Line Outpaced Market Forecasts

Stock Monitor: ARMOUR Residential REIT Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 05, 2018 / Active-Investors.com has just released a free earnings report on Two Harbors Investment Corp. (NYSE: TWO) ("Two Harbors"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TWO. The Company posted its financial results on February 06, 2018, for the fourth quarter of the fiscal year 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Company's core earnings per share (EPS) fell on a y-o-y basis, but still managed to beat market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for ARMOUR Residential REIT, Inc. (NYSE: ARR), which also belongs to the Financial sector as the Company Two Harbors Investment. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=ARR

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Two Harbors Investment most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=TWO

Earnings Highlights and Summary

In Q4 FY17, Two Harbors' total interest income came in at $195.11 million compared to $160.29 million in the quarter ended December 31, 2016. The Company's interest expenses increased to $94.80 million during the reported quarter from $63.22 million in the previous year's same quarter. Furthermore, the Company's net interest income stood at $100.31 million in Q4 FY17, which was higher than the $97.07 million reported in Q4 FY16.

For the quarter ended December 31, 2017, the Company reported a net income of $167.00 million, or $0.84 per diluted share, compared to $341.40 million, or $1.96 per diluted share, in Q4 FY16. Two Harbors' core earnings attributable to common stockholders stood at $81.34 million, or $0.47 per diluted common share, in Q4 FY17 versus $86.56 million, or $0.50 per diluted common share, in the year ago comparable quarter. The Company's net core diluted EPS outperformed market consensus estimates of $0.46.

Two Harbors reported a net interest income of $394.90 million in the full year FY17 compared to $361.80 million in FY16. The Company's net core earnings attributable to common stockholders was $363.01 million in FY17, or $2.08 per diluted share, compared to $327.27 million, or $1.88 per diluted share, in the last year.

Operating Metrics

The New York-based Company's management fees were $10.67 million during Q4 FY17 versus $9.09 million in the prior year's corresponding quarter. The Company's servicing expenses increased to $10.14 million in Q4 FY17 from $7.98 million in Q4 FY16. Meanwhile, the Company's other operating expenses declined to $9.79 million in Q4 FY17 from $14.53 million in Q4 FY16. In Q4 FY17, Two Harbors' book value came in at $16.31 per common share, representing a total return on book value of 1.6%.

Portfolio Standings and Liquidity

As on December 31, 2017, Two Harbors' Agency portfolio totaled $18.24 billion, which included $18.22 billion of fixed rate and $23.22 million of Hybrid ARMs; Agency Derivatives totaled $90.98 million; Mortgage Servicing Rights and Residential Mortgage Loans held-for-sale stood at $1.09 billion and $20.77 million, respectively; and Non-Agency portfolio stood at $2.98 billion.

As on December 31, 2017, the Company had outstanding repurchase agreements funding RMBS and Agency Derivatives of $19.3 billion. The repurchase agreements funding RMBS and Agency Derivatives, excluding the effect of the Company's interest rate swaps, had a weighted average borrowing rate of 1.68%. Additionally, the Company's debt equity ratio was 5.9:1.0 as of December 31, 2017.

Two Harbors' cash and cash equivalents aggregated to $419.16 million as on December 31, 2017, compared to $350.86 million as on December 31, 2016.

Stock Performance Snapshot

March 02, 2018 - At Friday's closing bell, Two Harbors Investment's stock climbed 1.15%, ending the trading session at $14.89.

Volume traded for the day: 1.49 million shares.

Stock performance in the last month – up 0.95%

After last Friday's close, Two Harbors Investment's market cap was at $2.57 billion.

Price to Earnings (P/E) ratio was at 10.23.

The stock has a dividend yield of 12.63%.

The stock is part of the Financial sector, categorized under the REIT - Residential industry. This sector was up 0.3% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors