|Bid||3.3200 x 21500|
|Ask||3.3700 x 29200|
|Day's Range||3.3100 - 3.5200|
|52 Week Range||1.8200 - 18.3000|
|Beta (5Y Monthly)||1.32|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 17, 2021 - Feb 22, 2021|
|Forward Dividend & Yield||0.20 (5.76%)|
|Ex-Dividend Date||Oct 08, 2020|
|1y Target Est||3.08|
Now, I would like to turn the call over to Jack Bateman in Investor Relations. Thank you, and welcome to the Invesco Mortgage Capital third quarter 2020 earnings call. Before turning the call over to our CEO, John Anzalone, I wanted to provide a reminder that statements made in this conference call and the related presentation may include forward-looking statements, which reflect management's expectations about future events and our overall plans and performance.
Invesco Mortgage Capital Inc. (NYSE: IVR) (the "Company") today announced financial results for the quarter ended September 30, 2020.
In Q2, Invesco Mortgage Capital (NYSE: IVR) posted sales of $29.73 million. Earnings were up 31.49%, but Invesco Mortgage Capital still reported an overall loss of $4.08 million. In Q1, Invesco Mortgage Capital brought in $101.01 million in sales but lost $3.10 million in earnings.What Is ROCE? Changes in earnings and sales indicate shifts in Invesco Mortgage Capital's Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q2, Invesco Mortgage Capital posted an ROCE of -0.0%.It is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sales in the near future.View more earnings on IVRROCE is an important metric for the comparison of similar companies. A relatively high ROCE shows Invesco Mortgage Capital is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and earnings per share growth.For Invesco Mortgage Capital, the return on capital employed ratio shows the current amount of assets may not actually be helping the company achieve higher returns, a note many investors will take into account when making long-term financial decisions.Q2 Earnings Recap Invesco Mortgage Capital reported Q2 earnings per share at $-1.8/share, which did not meet analyst predictions of $-0.46/share.See more from Benzinga * Click here for options trades from Benzinga * P/E Ratio Insights for Alphabet * P/E Ratio Insights for Facebook(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.