- ARMOUR Residential REIT (ARR, Financial) slightly misses earnings projections with a $0.01 shortfall in EPS.
- The REIT maintains a healthy economic net interest spread of 1.88%.
- Wall Street analysts offer a positive outlook with a 16.49% potential upside.
ARMOUR Residential REIT (ARR) has published its first-quarter financial results, revealing a non-GAAP earnings per share (EPS) of $0.86, which narrowly misses analysts' expectations by $0.01. Despite this slight deviation, the company’s financial health is underscored by a robust economic net interest spread, with an average interest income of 5.00% against a 4.51% interest cost, yielding a spread of 1.88%.
Wall Street Analysts Forecast
In terms of future stock performance, three analysts have set an average target price for ARMOUR Residential REIT Inc (ARR, Financial) at $17.33. Predictions vary, with the highest estimate reaching $20.00 and the lowest at $14.00. This average price target suggests a promising upside potential of 16.49% from the current market price of $14.88. For more comprehensive forecast data, visit the ARMOUR Residential REIT Inc (ARR) Forecast page.
The consensus from seven brokerage firms currently rates ARMOUR Residential REIT Inc (ARR, Financial) a "Hold," with an average recommendation score of 3.0. This rating is part of a broader scale where 1 indicates a Strong Buy, and 5 signifies a Sell.
