On Tuesday, Shares of New York Mortgage Trust Inc (NASDAQ:NYMT), gained 0.91% to $6.63.
New York Mortgage Trust, stated results for the quarter ended June 30, 2015.
Summary of Second Quarter 2015:
- Net income attributable to common stockholders of $21.5 million, or $0.20 per share.
- Net interest income of $20.3 million and net interest margin of 391 basis points.
- Issued and sold 1,413,757 shares of its common stock at an average price of $7.79 per share under its at-the-market offering programs, resulting in net proceeds to the Company of about $10.8 million.
- Issued 3,600,000 shares of 7.875% Series C Cumulative Redeemable Preferred Stock for total net proceeds of $86.9 million.
- Accomplished the sale of CLOs realizing a gain of about $3.2 million.
- Sold or refinanced distressed residential mortgage loans with a carrying value of about $16.6 million for aggregate proceeds of about $20.2 million, which resulted in a net realized gain, before income taxes, of about $3.6 million.
- Book value per common share of $6.82 at June 30, 2015 as contrast to $7.03 at March 31, 2015 and $7.07 per common share at December 31, 2014.
- Declared second quarter dividend of $0.27 per common share that was paid on July 27, 2015, marking the thirteenth successive quarter at this level.
New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the United States.
Shares of Coach Inc (NYSE:COH), declined -1.30% to $32.64, during its last trading session.
Coach Inc., stated net sales of $1.00 billion for its fourth fiscal quarter ended June 27, 2015, counting a $43 million contribution from the May acquisition of Stuart Weitzman. This contrast with $1.14 billion stated in the same period of the preceding year, a decrease of 12%. On a constant currency basis, total sales declined 8% for the period. Net income for the quarter totaled $85 million, with earnings per diluted share of $0.31, not taking into account transformation-related charges and acquisition costs. The acquisition of Stuart Weitzman contributed $2 million to net income and $0.01 to earnings per diluted share for the quarter. Net income in the fourth quarter of FY14 totaled $164 million with earnings per diluted share of $0.59, not taking into account transformation and other actions. Stated net income for the fourth quarter of FY15 totaled $12 million with earnings per diluted share of $0.04 contrast to the preceding year’s stated net income of $75 million and earnings per diluted share of $0.27.
For the fiscal year ended June 27, 2015, Coach, Inc. net sales declined 13% to $4.19 billion from $4.81 billion the preceding fiscal year while net income not taking into account transformation-related charges and acquisition costs was $531 million as compared to $870 million in the preceding year. On a constant currency basis, sales declined 11% for the year. In addition, diluted earnings per share on a non-GAAP basis totaled $1.92 as contrast to $3.10 in the preceding year. Stated net income for the year totaled $402 million and earnings per diluted share were $1.45, contrast to stated net income for the preceding year of $781 million with earnings per diluted share of $2.79.
Coach, Inc. provides luxury accessories and lifestyle collections for women and men in the United States and internationally. It offers handbags, money pieces, wristlets, rings, charms, and cosmetic cases for women; and business cases, computer bags, messenger-style bags, totes, wallets, card cases, and belts, in addition to time administration and electronic accessories for men.
At the end of Tuesday’s trade, Shares of United Rentals, Inc. (NYSE:URI), lost -1.30% to $65.84.
United Rentals, declared financial results for the second quarter 2015. Total revenue was $1.429 billion and rental revenue was $1.220 billion, contrast with $1.399 billion and $1.179 billion, respectively, for the same period last year. On a GAAP basis, the company stated second quarter net income of $86 million, or $0.88 per diluted share, contrast with $94 million, or $0.90 per diluted share, for the same period last year.1
Adjusted EPS for the quarter was $1.95 per diluted share, contrast with $1.65 per diluted share for the same period last year. Adjusted EBITDA3 was $706 million and adjusted EBITDA margin was a second quarter company record at 49.4%, an enhance of $43 million and 200 basis points, respectively, from the same period last year.
United Rentals, Inc., through its auxiliaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench Safety, Power and HVAC (heating, ventilating and air conditioning), and Pump Solutions.
Finally, Reynolds American, Inc. (NYSE:RAI), ended its last trade with 0.24% gain, and closed at $86.26.
Reynolds American declared a redesign of its corporate website recently, incorporating the company’s new corporate branding following the acquisition of Lorillard, Inc. and addition of the Newport brand to the product portfolio of its partner, R.J. Reynolds Tobacco Company.
“The recent addition of Newport, the nation’s No. 1 menthol cigarette brand, is another exciting milestone for our company in our ongoing transformation journey, so it’s a very appropriate time to refresh our corporate logo and colors,” said Susan M. Cameron, president and chief executive officer of RAI.
RAI’s website design at www.reynoldsamerican.com has been updated throughout to better reflect the company’s leadership in transforming the tobacco industry and improved competitive position for R. J. Reynolds. The website is easier to navigate and has a clean, contemporary look.
Reynolds American Inc. (RAI) is the parent company of R.J. Reynolds Tobacco Company; Santa Fe Natural Tobacco Company, Inc.; American Snuff Company, LLC; Niconovum USA, Inc.; Niconovum AB; and R.J. Reynolds Vapor Company.
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