Arlington Asset Investment (NYSE:AI) Releases Quarterly Earnings Results
Arlington Asset Investment (NYSE:AI) issued its quarterly earnings data on Thursday. The financial services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01), MarketWatch Earnings reports. Arlington Asset Investment had a positive return on equity of 8.82% and a negative net margin of 73.00%. The business had revenue of $3.77 million for the quarter.
Shares of NYSE AI opened at $2.72 on Friday. The firm has a market cap of $100.14 million, a P/E ratio of 5.23 and a beta of 1.73. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.79 and a current ratio of 0.79. Arlington Asset Investment has a 1 year low of $1.40 and a 1 year high of $6.77. The firm’s 50 day moving average price is $2.92 and its 200 day moving average price is $3.66.
A number of brokerages have commented on AI. ValuEngine upgraded Arlington Asset Investment from a “strong sell” rating to a “sell” rating in a report on Saturday. TheStreet lowered Arlington Asset Investment from a “c” rating to a “d” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Arlington Asset Investment has an average rating of “Hold” and an average target price of $14.00.
Arlington Asset Investment Corp. (NYSE: AI) is a principal investment firm that currently invests primarily in mortgage-related and other assets. The Company is headquartered in the Washington, DC metropolitan area. For more information, please visit www.arlingtonasset.com.
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