Western Asset Mortgage Capital (WMC) Misses Q2 EPS by 1c, Miss on Revenues

Western Asset Mortgage Capital (NYSE: WMC) reported Q2 EPS of $0.32, $0.01 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $13.29 million versus the consensus estimate of $18.2 million.

SECOND QUARTER 2017 HIGHLIGHTS

• $0.31 per share common dividend declared.
• GAAP net income of $20.7 million, or $0.49 per basic and diluted share.
• Core earnings plus drop income of $13.3 million, or $0.32 per basic and diluted share.1,2
• 2.25% annualized net interest margin on our investment portfolio.1,4
• Constant prepayment rate (\"CPR\") on the Company\'s Agency RMBS portfolio of 9.9% for the quarter.
• $10.64 per share net book value as of June 30, 2017, net of second quarter common dividend.
• Economic return on book value was 4.8%1,3 for the quarter.
• 6.3x leverage as of June 30, 2017.

For earnings history and earnings-related data on Western Asset Mortgage Capital (WMC) click here.

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