Ellington Financial (EFC) to Release Quarterly Earnings on Tuesday

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

Ellington Financial (NYSE:EFC) last issued its quarterly earnings data on Monday, February 26th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $27.99 million for the quarter, compared to the consensus estimate of $30.77 million. Ellington Financial had a return on equity of 11.36% and a net margin of 78.53%. During the same quarter in the prior year, the firm earned $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 Down 0.8 %

Ellington Financial stock traded down $0.09 during trading hours on Tuesday, hitting $11.47. The stock had a trading volume of 191,335 shares, compared to its average volume of 1,081,590. The business’s 50 day simple moving average is $11.48 and its 200-day simple moving average is $12.22. Ellington Financial has a one year low of $10.88 and a one year high of $14.21. The stock has a market cap of $975.64 million, a price-to-earnings ratio of 12.71 and a beta of 1.92. The company has a quick ratio of 46.75, a current ratio of 46.75 and a debt-to-equity ratio of 11.30.

Ellington Financial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, April 30th will be issued a $0.13 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.56 dividend on an annualized basis and a yield of 13.60%. Ellington Financial’s dividend payout ratio (DPR) is presently 173.34%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Ellington Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. Jonestrading started coverage on Ellington Financial in a report on Friday, April 19th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods cut their target price on Ellington Financial from $14.00 to $13.25 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. BTIG Research decreased their price target on Ellington Financial from $15.50 to $13.50 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, JMP Securities restated a “market outperform” rating and set a $14.50 price objective on shares of Ellington Financial in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Ellington Financial currently has an average rating of “Hold” and a consensus target price of $13.95.

About Ellington Financial

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.