MFA Financial: Q1 Earnings Insights

Shares of MFA Financial MFA moved higher by 7.2% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 735.29% over the past year to ($1.08), which may not compare to the estimate of $0.14.

Revenue of $61,701,000 decreased by 0.36% year over year, which may not compare to the estimate of $152,300,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

MFA Finl hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jun 16, 2020

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/mfa2/mediaframe/38846/indexr.html

Recent Stock Performance

Company's 52-week high was at $8.09

Company's 52-week low was at $0.32

Price action over last quarter: down 58.23%

Company Overview

MFA Financial Inc is a holding company for its subsidiaries in the real estate finance business that invest in a portfolio of residential mortgage assets on a leveraged basis. This portfolio is primarily comprised of government-sponsored agency mortgage-backed securities, or MBS, non-agency MBS, residential mortgage loans, and credit risk transfers, or CRT, that divert risk from residential mortgages securitized by government-sponsored enterprises. Together, MBS and CRT securities, represent the largest portion of MFA Financial's portfolio. The company generates nearly all of its revenue from interest payments derived from its financial holdings. The largest counterparties to MFA Financial's assets in terms of country of domicile are the U.S. and Switzerland.