Earnings Results to Track: Chimera Investment Corporation (NYSE: CIM)

On Wednesday, Shares of Chimera Investment Corporation (NYSE: CIM) declined -0.21% to $18.71. The stock traded total volume of 766,980 shares lower than the average volume of 1.15M shares.

Chimera Investment Corporation (CIM) recently declared its financial results for the fourth quarter ended December 31, 2018.

The Company’s GAAP net loss for the fourth quarter was $(117.0)M or $(0.63) per common share and net income was $368.0M or $1.97 per common share for the full year ended December 31, 2018. Core earnings for the fourth quarter and full year ended December 31, 2018 was $109.0M or $0.58 per common share and $440.0M or $2.35 per common share respectively. Economic return on book value for the fourth quarter and full year was (3.7)% and 6.2% respectively. The Company sponsored two mortgage loan securitizations during the fourth quarter for $736.0M and incurred $3.80M in securitization deal related expenses.

CIM has the market capitalization of $3.51B and its EPS growth ratio for the past five years was 2.10%. The return on assets ratio of the Company was 0.90% while its return on investment ratio stands at 1.60%. Price to sales ratio was 2.63 while 54.80% of the stock was owned by institutional investors.

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