Cherry Hill Mortgage (NYSE:CHMI) Stock

Cherry Hill Mortgage

Cherry Hill Mortgage Investment Corp operates as a real estate investment trust in the United States. It invests in residential mortgage assets to generate current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. The company's reportable segments include investments in Residential mortgage-backed securities (RMBS), Investments in Servicing Related Assets, and All Others. It generates maximum revenue from the RMBS segment in the form of Interest income earned for servicing mortgage loans.

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The Best-Performing Mortgage REITs In 2023

Cherry Hill Mortgage Investment Corporation Common Stock

Cherry Hill Mortgage Investment Corp

Cherry Hill Mortgage Investment Corporation 8.20% Series A Cumulative Redeemable Preferred Stock

Cherry Hill Mortgage Investment Corporation 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

JMP Securities analyst Aaron Hecht reiterates Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) from Market Perform to Market Perform.

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JMP Securities Reiterates Market Perform on Cherry Hill Mortgageto Market Perform

Cherry Hill Mortgage Investment Begins Operations As Fully Integrated, Internally Managed Mortgage REIT; Plans To Continue To Pursue Management's Execution Of Residential Mortgage Investment Strategy

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.15 by 46.67 percent. This is a 50 percent decrease over earnings of $0.16 per share from the same period last year. The company reported $109.000 thousand in sales this quarter. This is a 123.04 percent increase over sales of $(473.000 thousand) the same period last year.

Earnings

Earnings Misses

Cherry Hill Mortgage Q3 2024 Adj. EPS $0.08 Misses $0.15 Estimate, Sales $109.000K

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Earnings Scheduled For November 12, 2024

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-11-12. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Cherry Hill Mortgage will report an earnings per share (EPS) of $0.15.
The market awaits Cherry Hill Mortgage's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings Track Record</h3>
In the previous earnings release, the company missed EPS by $0.10, leading to a 2.75% drop in the share price the following trading session.
Here's a look at Cherry Hill Mortgage's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.18</td>
<td>0.18</td>
<td>0</td>
<td>0.17</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.13</td>
<td>0.17</td>
<td>0.16</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.0%</td>
<td>-2.0%</td>
<td>-11.0%</td>
<td>11.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731351733_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Cherry Hill Mortgage were trading at $3.25 as of November 08. Over the last 52-week period, shares are down 13.14%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CHMI/earnings">To track all earnings releases for Cherry Hill Mortgage visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cherry Hill Mortgage's Earnings Outlook

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.15 by 46.67 percent. This is a 50 percent decrease over earnings of $0.16 per share from the same period last year. The company reported $167.000 thousand in sales this quarter. This is a 126.34 percent increase over sales of $(634.000 thousand) the same period last year.

Cherry Hill Mortgage Q2 2024 Adj. EPS $0.08 Misses $0.15 Estimate

JMP Securities analyst Steven Delaney reiterates Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) with a Market Perform.

JMP Securities Reiterates Market Perform on Cherry Hill Mortgage

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.18 by 27.78 percent. This is a 23.53 percent decrease over earnings of $0.17 per share from the same period last year. The company reported $(907.000 thousand) in sales this quarter. This is a 466.88 percent decrease over sales of $(160.000 thousand) the same period last year.

Cherry Hill Mortgage Q1 2024 Adj EPS $0.13 Misses $0.18 Estimate, Net interest expense  $(907.000K) Down From $(160.000K) YoY

MLEC: 135% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38354219">Moolec Science shares are trading higher after the company announced that it received USDA approval for plant-grown animal proteins.</a>
SE: 6% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38355841">Sea shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $62 to $70.</a>
CHMI: 7.5% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38354946">Cherry Hill Mortgage Investment Corporation shares are trading higher after the company announced the exploration of strategic alternatives.</a>

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Cherry Hill Mortgage Investment Corporation shares are trading higher after the company announced the exploration of strategic alternatives.

Cherry Hill Mortgage Investment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) (the "Company") today announced that its Board of Directors (the "Board") has established a special committee of the Board (the "Special Committee") to explore strategic alternatives to maximize stockholder value.
The Special Committee is comprised solely of independent and disinterested directors and intends to consider the full range of strategic alternatives, including, but not limited to, a business combination involving the Company, a sale of all or part of the Company's assets or an internalization of the management of the Company. Guggenheim Securities, LLC is serving as the financial advisor to the Special Committee.
There can be no assurance that the exploration of strategic alternatives will result in any transaction or other strategic outcome. There is no formal timetable for the Special Committee's completion of its exploration of strategic alternatives and the Company does not intend to disclose any developments with respect to the process until the evaluation of strategic alternatives has been completed or the Special Committee determines disclosure is appropriate or legally required.

Cherry Hill Mortgage Investment Corporation Announces Exploration Of Strategic Alternatives To Maximize Stockholder Value

B. Riley Securities analyst Matt Howlett reiterates Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) with a Buy and lowers the price target from $5.5 to $5.

Price Target

B. Riley Securities Reiterates Buy on Cherry Hill Mortgage, Lowers Price Target to $5

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) reported quarterly earnings of $0.170 per share which missed the analyst consensus estimate of $0.190 by 10.53 percent. The company reported quarterly sales of $(390.000 thousand) which missed the analyst consensus estimate of $14.300 million by 102.73 percent. This is a 128.53 percent decrease over sales of $1.367 million the same period last year.

Cherry Hill Mortgage Q4 2023 Adj EPS $0.170 Misses $0.190 Estimate, Sales $(390.000K) Miss $14.300M Estimate

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