Ellington Financial (EFC) Set to Announce Earnings on Tuesday

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

Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Monday, February 26th. The financial services provider reported $0.40 earnings per share (EPS) 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 analyst estimates 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 business 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 Up 0.1 %

Shares of Ellington Financial stock opened at $11.66 on Monday. The stock has a 50 day moving average of $11.44 and a 200 day moving average of $12.19. 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 firm has a market capitalization of $991.80 million, a price-to-earnings ratio of 12.96 and a beta of 1.91. Ellington Financial has a fifty-two week low of $10.88 and a fifty-two week high of $14.21.

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 given a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.38%. The ex-dividend date is Monday, April 29th. Ellington Financial’s payout ratio is 173.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods decreased 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. Jonestrading began coverage on shares of Ellington Financial in a research report on Friday, April 19th. They set a “hold” rating for the company. StockNews.com upgraded shares of Ellington Financial from a “sell” rating to a “hold” rating in a report on Thursday. BTIG Research decreased their price target on Ellington Financial from $15.50 to $13.50 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $14.50 price objective on shares of Ellington Financial in a research note on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ellington Financial has a consensus rating of “Moderate Buy” and an average 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.