Friday, May 14, 2021

ARMOUR Residential REIT Inc. [ARR] Earnings Preview: Things to Think About

Earnings from ARMOUR Residential REIT Inc. [ARR] are scheduled on April 21, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.


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ARR Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.31 per share on revenue of $19.8M. Taking a look at the future, the company is projected to report revenue of $19.8M at an earnings per share of $0.31 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 0.40% in revenue and 3.62% in earnings per share for the company.

ARR Stock Earnings Forecast For The Current Year


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For the full financial year, ARMOUR Residential REIT Inc. [NYSE:ARR] is forecasted to generate revenue of $79.4M. The figure is about $-27.38 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.24 in 2021, which is -$0.05 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -3.90% this year, 4.00% next year, and -3.02% annually over the next five years. With regard to sales, forecasts suggest a decline of -25.60% in current fiscal year and 0.40% over following year.

ARR Stock Price Performance

At recent check today, ARMOUR Residential REIT Inc. [NYSE:ARR] finished down -0.91% at $12.00. The stock’s day high price was $12.21, and its lowest was $12.00. Its price fall -3.20% in the last five days. Since the beginning of the year, ARMOUR Residential REIT Inc.’s shares are up nearly 12.23%. However, the share price is -4.23% below its one year high. The top price reached by the shares of the company was $12.53 on 04/14/21, while the 52-week low came on 01/04/21, when the shares were $10.52. In the past year, shares of the company have risen 46.08%. At 50 days, the moving average achieved is $12.14 while at 200 days, the moving average is $10.65. There were 0.66 million shares traded in the last session, down from 0.7 million in the previous session.

ARR Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 12.02 level, and the violation of this level will cause a further drop to 12.00 level. At the upper end, 12.42 remains a key resistance. As the stock increases, it may find resistance at 12.32. In the 14-day chart, the Relative Strength Index standing at 43.85 suggests a technical neutral stance while the MACD standing at -0.15 indicates price will decrease in the next trading period. Stochastic %K at 18.24% suggests buying the stock while Percent R indicator at 80.33% suggests bearish price movement.

How much is the short interest in ARMOUR Residential REIT Inc.?

There have been a drop in short interest in the ARMOUR Residential REIT Inc. Financial stock, with short interest down by -1.65 million shares to 5.58 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 3.93 million shares. This 29.57% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 7.19% of the overall float in the stock, while the stock’s days to cover moved to 2.47.

How do analysts view ARMOUR Residential REIT Inc.?

In regard to the share price forecast for ARMOUR Residential REIT Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $11.00 in the next twelve months, representing almost an -9.09% growth from its recent price of $12.00. Among ARMOUR Residential REIT Inc. stock projections, $12.00 is the highest analyst target for the stock, while $10.00 is the lowest. Despite this, 4 analysts who share their consensus rating for ARR in 2021 agree that the stock is an Underweight. The latest rating change took place on 5/26/20, when Credit Suisse Ratings upgraded the stock from “Underperform” to “Neutral.”

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