What analysts have to say about Western Asset Mortgage Capital Corp (NYSE:WMC)?

The shares of Western Asset Mortgage Capital Corp (NYSE:WMC) currently has mean rating of 3.17 while 1 analysts have recommended the shares as “BUY”, Zero recommended as “OUTPERFORM” and 3 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Dec-14 is 33.92 million by 4 analysts. The means estimate of sales for the year ending Dec-16 is 126.85 million by 4 analysts.

The mean price target for the shares of Western Asset Mortgage Capital Corp (NYSE:WMC) is at 9.15 while the highest price target suggested by the analysts is 10.00 and low price target is 8.00. The mean price target is calculated keeping in view the consensus of 5 brokerage firms.

The analysts also projected the company’s long-term growth at -28.90% for the upcoming five years.

In its latest quarter ended on 30th September 2016, Western Asset Mortgage Capital Corp (NYSE:WMC) reported earnings of $0.67. The posted earnings missed the analyst’s consensus by -$0.04 with the surprise factor of -5.60%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 23, 2016 Western Asset Mortgage Capital Corp (WMC) announced that its Board of Directors has declared a cash dividend of $0.31 per share for the second quarter of 2016. Today’s dividend is payable on July 26, 2016 to common shareholders of record as of July 5, 2016, with an ex-dividend date of June 30, 2016.

In addition, the Company estimates that its book value per share, as of May 31, 2016, was approximately $11.19.  The May 31, 2016 estimated book value is unaudited which has not been verified or reviewed by any third party and is subject to normal quarterly reconciliation and other procedures.  Further, the estimated book value is as of May 31, 2016 and does not include the dividend announced today.  Book value will fluctuate with market conditions, the results of the Company’s operations and other factors.  The Company’s current book value may be materially different from the May 31, 2016 estimated book value.