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MFA Financial (MFA)
NYSE:MFA
Holding MFA?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.4Last Year’s EPS
$0.49Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -15.67%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with a combination of promising developments such as rate cuts, management promotions, and solid financial results, counterbalanced by challenges like decreased origination volumes, increased delinquencies, and a decline in economic book value.Company Guidance
During the MFA Financial's Q3 2024 earnings call, several key metrics were highlighted reflecting the company's solid performance and strategic initiatives. The Federal Reserve's recent decision to cut the federal funds rate by 50 basis points was noted as a positive development, contributing to an economic return of 3.3% for MFA. The company reported distributable earnings of $0.37 per share and a GAAP book value of $13.77 per common share, with an economic book value slightly higher at $14.46. MFA successfully acquired over $550 million in loans with an average coupon of 9.4% and closed two securitizations during the quarter. Additionally, Lima One, a subsidiary of MFA, originated $329 million in business purpose loans and executed its first rated securitization deal for residential transition loans, significantly improving funding costs. Despite some challenges in origination volumes due to recent management changes, MFA's strategic focus on securitizations and third-party loan sales is expected to enhance returns and provide diversification.Federal Reserve Rate Cut
The Federal Reserve Board decreased the federal funds rate target by 50 basis points, signaling the start of an easing cycle, which is a positive development for levered fixed income investors like MFA.
Management Promotions
Bryan Wulfsohn was named President and Lori Samuels was named Chief Loan Operations Officer, highlighting MFA's strong leadership and deep bench of senior executives.
Solid Q3 2024 Financial Results
MFA reported distributable earnings of $0.37 per share, a book value increase of about 1%, and an economic return of 3.3%. The company acquired over $550 million of loans with an average coupon of 9.4%.
Successful Securitizations
MFA closed two deals in Q3 and two additional deals subsequently, including the first rated deal for residential transition loans, significantly improving funding costs.
GAAP Earnings Increase
GAAP earnings increased to $48.2 million or $0.38 per share, up from $41.9 million or $0.32 per share in Q2, including net unrealized gains on the residential whole loan portfolio.
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MFA 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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MFA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $12.32 | $11.43 | -7.22% |
| Aug 08, 2024 | $10.53 | $11.16 | +5.98% |
| May 06, 2024 | $10.31 | $10.20 | -1.07% |
| Feb 22, 2024 | $9.88 | $10.19 | +3.14% |
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 MFA Financial (MFA) report earnings?
MFA Financial (MFA) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is MFA Financial (MFA) earnings time?
MFA Financial (MFA) earnings time is at Feb 20, 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 MFA EPS forecast?
MFA EPS forecast for the fiscal quarter 2024 (Q4) is $0.4.
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