Sunday, June 13, 2021

What to Watch When Tremont Mortgage Trust [TRMT] Reports Quarterly Earnings

Earnings from Tremont Mortgage Trust [TRMT] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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TRMT Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.21 per share on revenue of $3.22M. Taking a look at the future, the company is projected to report revenue of $3.17M at an earnings per share of $0.21 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 7.80% in revenue and 18.82% in earnings per share for the company.

TRMT Stock Earnings Forecast For The Current Year


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For the full financial year, Tremont Mortgage Trust [NASDAQ:TRMT] is forecasted to generate revenue of $12.52M. The figure is about $80000.0 above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.81 in 2021, which is -$0.31 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -27.70% this year, 19.80% next year. With regard to sales, forecasts suggest an incline of 0.70% in current fiscal year and 7.80% over following year.

TRMT Stock Price Performance

At a recent check today, Tremont Mortgage Trust [NASDAQ:TRMT] finished down -1.64% at $6.08. The stock’s day high price was $6.27, and its lowest was $6.05. Its price fall -1.59% in the last five days. Since the beginning of the year, Tremont Mortgage Trust’s shares are up nearly 63.06%. However, the share price is -7.90% below its one year high. The top price reached by the shares of the company was $6.60 on 04/14/21, while the 52-week low came on 01/04/21, when the shares were $3.66. In the past year, shares of the company have risen 315.04%. At 50 days, the moving average achieved is $5.73 while at 200 days, the moving average is $4.01. There were 0.15 million shares traded in the last session, up from 39000.0 in the previous session.

Tremont Mortgage Trust [NASDAQ:TRMT] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 5.72, Tremont Mortgage Trust [TRMT] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 22.87 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 2.88 PS value ratio is reported for the last one year of reported earnings. This is below the average return 8.33 for the industry, which means TRMT offers an attractive investment opportunity than its competitors do.

TRMT Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 6.08 level, and the violation of this level will cause a further drop to 6.06 level. At the upper end, 6.50 remains a key resistance. As the stock increases, it may find resistance at 6.39. In the 14-day chart, the Relative Strength Index standing at 54.32 suggests a technical neutral stance while the MACD standing at 0.04 indicates price will decrease in the next trading period. Stochastic %K at 59.84% suggests holding the stock while Percent R indicator at 42.28% suggests low price movement.

How much is the short interest in Tremont Mortgage Trust?

There have been a drop in short interest in the Tremont Mortgage Trust Financial stock, with short interest up by 40.0 shares to 7450.0 shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 7490.0 shares. This -0.54% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 0.11% of the overall float in the stock, while the stock’s days to cover moved to 0.14.

How do analysts view Tremont Mortgage Trust?

In regard to the share price forecast for Tremont Mortgage Trust stock, the analysts, as surveyed by FactSet, forecast the price to reach $7.00 in the next twelve months, representing almost an 13.14% growth from its recent price of $6.08. Among Tremont Mortgage Trust stock projections, $8.50 is the highest analyst target for the stock, while $5.50 is the lowest. Despite this, 3 analysts who share their consensus rating for TRMT in 2021 agree that the stock is an Overweight. The latest rating change took place on 2/24/21, when JonesTrading Ratings launched coverage of the stock at “Buy” and assigned a price target of $8.5.

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