For the first quarter the mortgage investment company posted earnings of28 cents a share. Analysts surveyed by Thomson Reuters expected earnings of 33 cents a share, which CYS Investments missed by 5 cents.
The company's interest rate spread net of hedge including Drop Income was 1.89% for the quarter, the same as the previous quarter. CYS Investments had a net realized and unrealized gain from investments of $105.9 million, including $16.7 million of net realized gain from the first quarter.
Must read: Warren Buffett's 10 Favorite Growth Stocks
TheStreet Ratings team rates CYS INVESTMENTS INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate CYS INVESTMENTS INC (CYS) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."
Highlights from the analysis by TheStreet Ratings Team goes as follows: