MFA Financial Inc reports results for the quarter ended June 30 - Earnings Summary

• MFA Financial Inc MFA reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 44 cents. The mean expectation of six analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 20 cents to 45 cents per share.

• Revenue rose 14.6% to $61.28 million from a year ago; analysts expected $54.16 million.

• MFA Financial Inc's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of $22.62 million.

• MFA Financial Inc shares had fallen by 3.1% this quarter and lost 10.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for MFA Financial Inc is $10.00, about 8.3% above its last closing price of $9.17

This summary was machine generated from LSEG data August 6 at 02:26 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)