Dynex Capital, Inc. (NYSE:DX) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, DX is expected to report 3Q20 income of $ 0.47 per share from revenue of $ 16.86 million.
For the full year, analysts anticipate top line of $ 66.62 million, while looking forward to income of $ 1.81 per share bottom line.
Previous Quarter Performance
Dynex Capital, Inc. recorded income for the second quarter of $ 0.36 per share, from the revenue of $ 15.00 million. The quarterly earnings decreased 16.28 percent while revenues up 15.92 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.23 per share from $ 12.47 million in revenue. The bottom line results beat street analysts by $ 0.13 or 56.52 percent, at the same time, top line results outshined analysts by $ 2.53 million or 20.29 percent.
Stock Performance
Shares of Dynex Capital, Inc. traded up $ 0.23 or 1.46 percent on Tuesday, reaching $ 16.00 with volume of 291.50 thousand shares. Dynex Capital, Inc. has traded high as $ 16.12 and has cracked $ 15.75 on the downward trend
According to the previous trading day, closing price of $ 16.00, representing a 124.01 % increase from the 52 week low of $ 7.04 and a 22.47 % decrease over the 52 week high of $ 20.34.
The company has a market capital of $ 370.25 million and is part of the Real Estate sector and REIT – Diversified industry.
Conference Call
Dynex Capital, Inc. will be hosting a conference call at 10:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.dynexcapital.com
Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.
