On June 10, the Zacks Investment Research upgraded
Arlington Asset Investment Corp.
) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
This Arlington, VA-based investment broker has been witnessing
rising earnings estimates on the back of impressive first-quarter
Arlington Asset Investment Corp reported its first-quarter earnings
on Apr 28. Adjusted earnings of $1.18 per share surpassed the Zacks
Consensus Estimate by 18.0%. Moreover, the figures compared
favorably with the prior-quarter earnings of $1.04 per share.
Arlington Asset Investment Corp's results primarily benefited from
a 29.0% increase in net interest income and a 56.3% decline in
other loss. However, these positives were partially offset by a
10.0% rise in other expenses.
As of Mar 31, 2014, cash and cash equivalents of the company were
$112.3 million, up significantly from $48.6 million in the prior
quarter. Total assets were $2.6 billion, rising 20.3% from Dec 31,
Moreover, the company has been consistently returning capital to
shareholders in form of timely dividends. Given its steady capital
position, we expect the company to continue enhancing shareholders'
value in the quarters to follow.
For 2014, the Zacks Consensus Estimate climbed 2.5% to $4.05 per
share over the last 60 days. For 2015, the Zacks Consensus Estimate
advanced 4.9% to $4.25 per share over the same time period.
Other Stocks to Consider
Other investment brokers worth considering include
KCG Holdings, Inc.
Investment Technology Group Inc.
). All these stocks sport the same Zacks Rank as Arlington Asset
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
ARLINGTON ASSET (AI): Free Stock Analysis
E TRADE FINL CP (ETFC): Free Stock Analysis
KCG HOLDINGS (KCG): Free Stock Analysis Report
INVEST TECH-NEW (ITG): Free Stock Analysis
To read this article on Zacks.com click here.