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Monday, January 25, 2021

Invesco Mortgage Capital Inc. (NYSE:IVR) Recent Earnings Shows Major Concern

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Invesco Mortgage Capital Inc. (IVR) shares are trading at lower $3.46 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $3.08.

To add more color to this target, the company’s high over the last year is $15.73 and the low is $1.56. Over the last 52 weeks, IVR is down -75.31% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, IVR reported a profit of $22.91 million. Invesco Mortgage Capital Inc. also saw revenues increase to $27.44 million. In addition, IVR has free cash flow of $143.71 million as of 09-2020. The company’s EBITDA came in at $19.65 million which compares well with its peers.

IVR Return on Equity (ROE) is -154.60%, and its Return on Assets is -17.00%. All told, it is clear that, IVR needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. IVR has a short ratio of 6.88 and outstanding shares of 181.35M.

Company Outlook

IVR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 12.4 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -11.00. Investors should also keep an eye on sector updates as IVR has historically followed its peers on positive news.

All told, Invesco Mortgage Capital Inc. IVR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, IVR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Invesco Mortgage Capital Inc. IVR is now commanding a market cap of 623.91M and a float of 180.88M. IVR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of IVR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in IVR, either long or short, and we have not been compensated for this article.

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