ARMOUR Residential REIT (ARR) Misses Q1 EPS by 8c
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ARMOUR Residential REIT (NYSE: ARR) reported Q1 EPS of $0.23, $0.08 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $16.1 million versus the consensus estimate of $19.8 million.
Q1 2021 Highlights
- ARMOUR Comprehensive Income of $29.1 million, or $0.40 per common share, which represents an annualized return of 12% based on stockholders' equity at the beginning of the quarter.
- ARMOUR Core Income of $17.7 million which represents $0.23 per common share.
- ARMOUR paid common stock dividends of $0.10 per share per month.
COVID-19 Pandemic
The COVID-19 pandemic continues to have a real-time impact on all business sectors. The extent of the ultimate impact of the COVID-19 pandemic on the Company's operational and financial performance will depend on various developments, including the duration of the outbreak and the spread of the virus and the federal government's and states' future responses to the virus, which cannot be reasonably predicted at this time. While the Company is not able to estimate the future impact of the COVID-19 pandemic at this time, it could continue to materially affect the Company’s future financial and operational results.
For earnings history and earnings-related data on ARMOUR Residential REIT (ARR) click here.
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