Ellington Financial (EFC) to Release Quarterly Earnings on Tuesday

Ellington Financial (NYSE:EFC) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Ellington Financial (NYSE:EFC) last posted its earnings results on Monday, February 26th. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $27.99 million for the quarter, compared to analysts’ expectations of $30.77 million. Ellington Financial had a net margin of 78.53% and a return on equity of 11.36%. During the same period last year, the business posted $0.42 EPS. On average, analysts expect Ellington Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ellington Financial Trading Up 0.1 %

NYSE EFC opened at $11.66 on Friday. The company has a debt-to-equity ratio of 11.30, a quick ratio of 46.75 and a current ratio of 46.75. The company has a market capitalization of $991.80 million, a price-to-earnings ratio of 12.96 and a beta of 1.91. The company’s 50-day simple moving average is $11.44 and its two-hundred day simple moving average is $12.19. Ellington Financial has a one year low of $10.88 and a one year high of $14.21.

Ellington Financial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a yield of 13.38%. The ex-dividend date of this dividend is Monday, April 29th. Ellington Financial’s dividend payout ratio (DPR) is 173.34%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EFC. Keefe, Bruyette & Woods cut their target price on shares of Ellington Financial from $14.00 to $13.25 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. BTIG Research decreased their target price on shares of Ellington Financial from $15.50 to $13.50 and set a “buy” rating for the company in a research report on Thursday, April 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $14.50 price target on shares of Ellington Financial in a report on Thursday, April 18th. Jonestrading initiated coverage on Ellington Financial in a report on Friday, April 19th. They set a “hold” rating for the company. Finally, StockNews.com raised Ellington Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ellington Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.95.

Ellington Financial Company Profile

Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S.