Chimera Investment Corp (NYSE: CIM) has reported E.P.S. of $0.46 for its first fiscal quarter (ending March 31) versus $0.17 for the same period a year ago — an increase of 171%. This result exceeded the consensus estimate of $0.14 by $0.32. For the latest four quarters through March 31, E.P.S. were $0.52 compared to $-1.13 a year ago.
Recent Price Action
Chimera Investment Corp (NYSE: CIM) stock closed at $4.71 on 5/9/24 after a major increase of 11.1%. Moreover, exceptionally high trading volume at 206% of normal accompanied the advance. The stock has risen 10.8% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CIM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Chimera Investment has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Chimera Investment has a slightly positive Appreciation Score of 68 but a poor Power Rating of 18, and the Negative Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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