MFA Financial Inc reports results for the quarter ended in June - Earnings Summary

MFA Financial

08/08/2024 16:04

* MFA Financial Inc  MFA.N  reported quarterly adjusted
earnings
of 32 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 40 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 38 cents per share. Wall Street
expected results to range from 36 cents to 39 cents per share.
    * Revenue rose 20.2% to $53.49 million from a year ago;
analysts
expected $52.85 million. 
    * MFA Financial Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $33.73
million.
    * MFA Financial Inc shares had risen by 1.8% this
quarter and
lost 3.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for MFA Financial Inc
is $12.25 
This summary was machine generated from LSEG data August 8 at
03:04 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.38           0.32           Missed
 Mar. 31 2024      0.40           0.35           Missed
 Dec. 31 2023      0.38           0.49           Beat
 Sep. 30 2023      0.35           0.40           Beat