TWO Stock - Two Harbors Investment Corp.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $510.75M | $31.79M | $407.18M | $255.22M | $-1,562,030,000 |
| Gross Profit | $511.01M | $31.79M | $407.18M | $255.22M | $-1,562,030,000 |
| Gross Margin | 100.1% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Income | $-1,905,120,000 | $545,000 | $324.45M | $191.42M | $-1,665,823,000 |
| Net Income | $298.17M | $-106,371,000 | $220.24M | $187.23M | $-1,630,135,000 |
| Net Margin | 58.4% | -334.7% | 54.1% | 73.4% | 104.4% |
| EPS | $2.41 | $-1.60 | $2.15 | $1.72 | $-23.83 |
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in Minnetonka, Minnesota.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 3rd 2025 | Citizens JMP | Downgrade | Market Perform | - |
| October 3rd 2024 | Compass Point | Initiation | Buy | $15.75 |
| August 16th 2024 | Janney | Initiation | Buy | $15 |
| June 7th 2024 | UBS | Upgrade | Buy | $14.5 |
| December 6th 2023 | UBS | Initiation | Neutral | $14.5 |
| February 10th 2023 | Maxim Group | Upgrade | Buy | $19 |
| November 17th 2022 | RBC Capital Mkts | Downgrade | Sector Perform | $16← $18 |
Earnings History & Surprises
TWOEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 4, 2026 | $0.30 | — | — | — |
Q3 2023 | Jul 31, 2023 | $0.29 | $-0.04 | -113.8% | ✗ MISS |
Q2 2023 | May 1, 2023 | $-1.04 | $0.09 | +108.7% | ✓ BEAT |
Q1 2023 | Feb 8, 2023 | $0.25 | $0.26 | +4.0% | ✓ BEAT |
Q4 2022 | Nov 8, 2022 | $0.64 | $0.61 | -4.7% | ✗ MISS |
Q3 2022 | Aug 3, 2022 | $0.60 | $0.88 | +46.7% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $0.72 | $0.72 | 0.0% | = MET |
Q1 2022 | Feb 9, 2022 | $0.72 | $0.88 | +22.2% | ✓ BEAT |
Q4 2021 | Nov 8, 2021 | $0.84 | $0.96 | +14.3% | ✓ BEAT |
Q3 2021 | Aug 4, 2021 | $0.76 | $0.76 | 0.0% | = MET |
Q2 2021 | May 5, 2021 | $0.84 | $0.68 | -19.0% | ✗ MISS |
Q1 2021 | Feb 9, 2021 | $0.88 | $1.20 | +36.4% | ✓ BEAT |
Q4 2020 | Nov 4, 2020 | $0.92 | $1.12 | +21.7% | ✓ BEAT |
Q3 2020 | Aug 5, 2020 | $0.40 | $-0.20 | -150.0% | ✗ MISS |
Q2 2020 | May 6, 2020 | $1.20 | $1.00 | -16.7% | ✗ MISS |
Q1 2020 | Feb 5, 2020 | $1.60 | $1.00 | -37.5% | ✗ MISS |
Q4 2019 | Nov 5, 2019 | $1.44 | $0.96 | -33.3% | ✗ MISS |
Q3 2019 | Aug 6, 2019 | $1.68 | $1.56 | -7.1% | ✗ MISS |
Q2 2019 | May 7, 2019 | $1.92 | $1.96 | +2.1% | ✓ BEAT |
Latest News
Two Harbors Investment shares are trading higher after the company announced it will be acquired by UWM Holdings.
📈 PositiveUWMC To Acquire Two Harbors Investment Corp. In $1.3B Equity Value All-Stock Transaction, Based On Fixed Exchange Ratio Of 2.3328x
📈 PositiveTwo Harbors Inv Q3 Adj. EPS $0.36, Inline, Sales $(23.505M) Beat $(24.561M) Estimate
➖ NeutralTwo Harbors Investment May Offer, Sell Up To 15M Shares Of Common Stock From Time To Time Through Sales Agents
➖ NeutralUBS Maintains Buy on Two Harbors Inv, Lowers Price Target to $11
➖ NeutralTwo Harbors Settles Pine River Litigation With $375M Payment; Retains IP Rights, Maintains Liquidity Via Cash And Borrowing Capacity
➖ NeutralFrequently Asked Questions about TWO
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