Q3 2019 EPS Estimates for Ellington Financial Inc (NYSE:EFC) Boosted by Analyst

Ellington Financial Inc (NYSE:EFC) – Stock analysts at B. Riley boosted their Q3 2019 earnings estimates for shares of Ellington Financial in a report issued on Wednesday, October 23rd. B. Riley analyst T. Hayes now anticipates that the financial services provider will post earnings per share of $0.43 for the quarter, up from their prior forecast of $0.42. B. Riley also issued estimates for Ellington Financial’s Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $1.78 EPS, Q1 2020 earnings at $0.45 EPS, Q2 2020 earnings at $0.46 EPS, Q3 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.47 EPS and FY2020 earnings at $1.84 EPS.

EFC has been the subject of several other reports. Nomura assumed coverage on shares of Ellington Financial in a report on Friday, September 27th. They set a “buy” rating and a $20.00 price objective for the company. ValuEngine downgraded shares of Ellington Financial from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of Ellington Financial from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Thursday. Finally, Maxim Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Ellington Financial in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Ellington Financial presently has a consensus rating of “Buy” and a consensus target price of $19.75.

Shares of EFC opened at $18.41 on Friday. The company has a quick ratio of 43.66, a current ratio of 43.66 and a debt-to-equity ratio of 4.01. The company’s fifty day moving average is $17.98 and its 200-day moving average is $17.92. The firm has a market cap of $622.40 million, a price-to-earnings ratio of 13.06 and a beta of 0.39. Ellington Financial has a 12 month low of $14.69 and a 12 month high of $18.50.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Ellington Financial had a net margin of 21.99% and a return on equity of 8.70%. The company had revenue of $38.55 million for the quarter, compared to analyst estimates of $37.46 million.

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, October 31st will be issued a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a dividend yield of 9.13%. The ex-dividend date of this dividend is Wednesday, October 30th. Ellington Financial’s dividend payout ratio is currently 119.15%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Ellington Financial by 79,127.4% during the 2nd quarter. BlackRock Inc. now owns 1,647,138 shares of the financial services provider’s stock worth $29,600,000 after buying an additional 1,645,059 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Ellington Financial by 73.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,173,872 shares of the financial services provider’s stock worth $21,094,000 after buying an additional 497,822 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Ellington Financial by 421.5% during the 2nd quarter. Acadian Asset Management LLC now owns 492,520 shares of the financial services provider’s stock worth $8,849,000 after buying an additional 398,068 shares during the period. Morgan Stanley boosted its holdings in shares of Ellington Financial by 41.6% during the 2nd quarter. Morgan Stanley now owns 391,350 shares of the financial services provider’s stock worth $7,032,000 after buying an additional 115,039 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Ellington Financial by 59.3% during the 2nd quarter. Marshall Wace LLP now owns 270,983 shares of the financial services provider’s stock worth $4,870,000 after buying an additional 100,844 shares during the period. 50.53% of the stock is owned by institutional investors and hedge funds.

Ellington Financial Company Profile

Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company acquires and manages mortgage-related assets, including residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S.

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Earnings History and Estimates for Ellington Financial (NYSE:EFC)

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