Two Harbors Investment Corp (NYSE: TWO) closed the day trading at $12.45 down -3.86% from the previous closing price of $12.95. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 1291658 shares were traded.
Ratios:
For a better understanding of TWO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.75. In the meantime, Its Debt-to-Equity ratio is 4.50 whereas as Long-Term Debt/Eq ratio is at 0.71.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on December 06, 2023, initiated with a Neutral rating and assigned the stock a target price of $14.50.
On February 10, 2023, Maxim Group Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $19.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on November 17, 2022, whereas the target price for the stock was revised from $18 to $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 27 ’24 when RUSH ROBERT sold 3,775 shares for $12.60 per share. The transaction valued at 47,566 led to the insider holds 69,176 shares of the business.
VINAR JASON sold 1,980 shares of TWO for $24,948 on Feb 27 ’24. The Chief Operating Officer now owns 44,035 shares after completing the transaction at $12.60 per share. On Feb 27 ’24, another insider, KEEN MATTHEW, who serves as the Chief Technology Officer of the company, sold 1,891 shares for $12.60 each. As a result, the insider received 23,827 and left with 29,718 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TWO now has a Market Capitalization of 1.34B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.95 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at -524.86.
Stock Price History:
Over the past 52 weeks, TWO has reached a high of $14.59, while it has fallen to a 52-week low of $9.83. The 50-Day Moving Average of the stock is 12.83, while the 200-Day Moving Average is calculated to be 13.14.
Shares Statistics:
Over the past 3-months, TWO traded about 1.25M shares per day on average, while over the past 10 days, TWO traded about 1.15M shares per day. A total of 103.21M shares are outstanding, with a floating share count of 102.36M. Insiders hold about 1.03% of the company’s shares, while institutions hold 65.98% stake in the company. Shares short for TWO as of Mar 15, 2024 were 2.81M with a Short Ratio of 2.24, compared to 2.29M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.72% and a Short% of Float of 3.60%.
Dividends & Splits
TWO’s forward annual dividend rate is 2.40, up from 1.95 a year ago. Against a Trailing Annual Dividend Yield of 15.60%, it implies a Forward Annual Dividend Yield of 13.68%. The stock’s 5-year Average Dividend Yield is 13.81.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of $0.37 for the current quarter, with a high estimate of $0.53 and a low estimate of $0.01, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.38, with high estimates of $0.45 and low estimates of $0.13.
Analysts are recommending an EPS of between $1.86 and $0.74 for the fiscal current year, implying an average EPS of $1.57. EPS for the following year is $1.94, with 3 analysts recommending between $2.15 and $1.8.
Revenue Estimates
2 analysts predict -$17.3M in revenue for the current quarter. It ranges from a high estimate of -$6.3M to a low estimate of -$28.3M. As of the current estimate, Two Harbors Investment Corp’s year-ago sales were -$1.78M, an estimated increase of 871.90% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of -$15.05M, a decrease of -64.00% less than the figure of $871.90% in the same quarter last year. There is a high estimate of -$5.1M for the next quarter, whereas the lowest estimate is -$25M.
A total of 2 analysts have provided revenue estimates for TWO’s current fiscal year. The highest revenue estimate was -$11M, while the lowest revenue estimate was -$102.3M, resulting in an average revenue estimate of -$56.65M. In the same quarter a year ago, actual revenue was -$162.86M, down -65.20% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be -$71.6M in the next fiscal year. The high estimate is -$71.6M and the low estimate is -$71.6M. The average revenue growth estimate for next year is up 26.40% from the average revenue estimate for this year.
