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ARMOUR Residential REIT Inc (ARR)
NYSE:ARR
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.98Last Year’s EPS
$1.07Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: -1.27%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with notable increases in book value and strategic positioning for future growth. However, concerns about market volatility and funding pressures were also highlighted. The sentiment is balanced between optimistic growth prospects and challenges in the macroeconomic environment.Company Guidance
During the third quarter 2024 earnings call for ARMOUR Residential REIT, several key metrics and guidance points were provided. The company reported a GAAP net income available to common stockholders of $62.9 million, or $1.21 per common share, while distributable earnings were $52 million, or $1 per common share. ARMOUR issued 6,413,735 shares of common stock, raising $129.4 million in equity capital. The company's quarter-end book value per common share was $20.76, up from $20.30 at the end of the previous quarter, representing a 2.3% increase. The estimated book value as of October 18 was $19.58 per common share. ARMOUR maintained a healthy liquidity level of approximately 50% of total capital, and the portfolio's duration and implied leverage were 0.91 years and 8.6x, respectively. The company paid monthly common stock dividends of $0.24 per share, totaling $0.72 for the quarter. ARMOUR's management expressed a positive outlook for the coming quarters, anticipating potential book value appreciation and earnings growth due to a favorable macroeconomic environment and strategic portfolio positioning.Increase in Book Value
Quarter-end book value was $20.76 per common share, up from $20.30 at June 30, marking a 2.3% increase for the quarter.
Equity Capital Raised
ARMOUR issued 6,413,735 shares of common stock through the at-the-market offering program, raising $129.4 million of equity capital.
Positive Market Positioning
ARMOUR is well-positioned to benefit from favorable market trends, including the steepening yield curve and potential future book value appreciation.
Dividend Consistency
ARMOUR paid monthly dividends of $0.24 per common share for a total of $0.72 for the quarter, maintaining a consistent dividend payout.
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ARR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $19.09 | $19.13 | +0.21% |
| Jul 24, 2024 | $19.45 | $18.98 | -2.42% |
| Apr 25, 2024 | $16.52 | $16.80 | +1.69% |
| Feb 14, 2024 | $16.16 | $17.07 | +5.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ARMOUR Residential REIT Inc (ARR) report earnings?
ARMOUR Residential REIT Inc (ARR) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is ARMOUR Residential REIT Inc (ARR) earnings time?
ARMOUR Residential REIT Inc (ARR) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARR EPS forecast?
ARR EPS forecast for the fiscal quarter 2024 (Q4) is $0.98.
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