Orchid Island Capital (NYSE:ORC – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.050–0.050 for the period, compared to the consensus estimate of -0.070. The company issued revenue guidance of -.
Orchid Island Capital Trading Up 1.3 %
Orchid Island Capital stock opened at $8.03 on Thursday. The firm’s 50 day simple moving average is $8.11 and its 200 day simple moving average is $8.33. The firm has a market capitalization of $425.12 million, a PE ratio of -15.14 and a beta of 1.85. Orchid Island Capital has a 1-year low of $5.90 and a 1-year high of $9.08.
Orchid Island Capital Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.94%. The ex-dividend date is Monday, September 30th. Orchid Island Capital’s payout ratio is -271.70%.
Analyst Ratings Changes
Check Out Our Latest Report on ORC
Orchid Island Capital Company Profile
Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.
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