For its second fiscal quarter (ending June 30), Dynex Capital Inc. (NYSE: DX) has reported a -115% decline in E.P.S. from $0.97 a year ago to $-0.15 in the current quarter. This performance was $-0.09 short of the consensus estimate of $-0.06. E.P.S. were $0.01 for the latest four quarters through June 30 versus $-0.06 for the same period a year ago.
Recent Price Action
On 7/22/24, Dynex Capital Inc. (NYSE: DX) stock rose modestly by 1.0%, closing at $12.45. Moreover, unusually high trading volume at 182% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 0.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, DX is expected to continue to be a Value Builder.
Dynex Capital has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Dynex Capital has a neutral Appreciation Score of 42 and a slightly negative Power Rating of 36, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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