Ellington Financial (EFC) Scheduled to Post Quarterly Earnings on Tuesday

Ellington Financial (NYSE:EFC) is scheduled to post its quarterly 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. Investors interested in participating in the company’s conference call can do so using this link.

Ellington Financial (NYSE:EFC) last released its quarterly earnings data on Monday, February 26th. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Ellington Financial had a net margin of 78.53% and a return on equity of 11.36%. The business had revenue of $27.99 million for the quarter, compared to the consensus estimate of $30.77 million. During the same quarter last 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 NYSE EFC opened at $11.66 on Monday. Ellington Financial has a 1-year low of $10.88 and a 1-year high of $14.21. The company has a debt-to-equity ratio of 11.30, a current ratio of 46.75 and a quick ratio of 46.75. The business’s 50 day moving average is $11.44 and its two-hundred day moving average is $12.19. The stock has a market capitalization of $991.80 million, a P/E ratio of 12.96 and a beta of 1.91.

Ellington Financial Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on EFC. Jonestrading assumed coverage on shares of Ellington Financial in a report on Friday, April 19th. They set a “hold” rating on the stock. JMP Securities restated a “market outperform” rating and set a $14.50 price target on shares of Ellington Financial in a research note on Thursday, April 18th. BTIG Research decreased their price target on shares of Ellington Financial from $15.50 to $13.50 and set a “buy” rating for the company in a report on Thursday, April 18th. Keefe, Bruyette & Woods reduced their target price on Ellington Financial from $14.00 to $13.25 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Finally, StockNews.com raised Ellington Financial from a “sell” rating to a “hold” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Ellington Financial presently has a consensus rating of “Moderate Buy” and a consensus price target 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.