• ARMOUR Residential REIT Inc ARR.N reported quarterly adjusted earnings of 86 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 82 cents. The mean expectation of six analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 81 cents to 93 cents per share.

• Revenue rose 580.9% to $36.30 million from a year ago; analysts expected $58.62 million.

• ARMOUR Residential REIT Inc's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $27.3 million.

• ARMOUR Residential REIT Inc shares had fallen by 14.0% this quarter and lost 22.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "hold"

• Wall Street's median 12-month price target for ARMOUR Residential REIT Inc is $18.00

This summary was machine generated from LSEG data April 23 at 09:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)