Annaly Capital Management (NLY) Tops Q4 EPS by 2c, Beats on Revenues

Annaly Capital Management (NYSE: NLY) reported Q4 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $746.8 million versus the consensus estimate of $675.34 million.

Quarterly Financial Highlights

• GAAP net income of $746.8 million, $0.62 per average common share
• Core earnings (excluding PAA) were $387.0 million, $0.31 per average common share
• GAAP return on average equity was 20.58% and core return on average equity (excluding PAA) was 10.67%
• Book value per common share of $11.34
• Economic leverage of 6.6x as compared to 6.9x at September 30, 2017
• Net interest margin (excluding PAA) of 1.51%, up from 1.47% in the prior quarter
• Declared common stock dividend of $0.30 per share for the 17th consecutive fiscal quarter
• 2017 annual economic return of 12.4%

For earnings history and earnings-related data on Annaly Capital Management (NLY) click here.

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