Ellington Financial (EFC) Projected to Post Quarterly Earnings on Thursday

Ellington Financial (NYSE:EFC) is expected to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $112.88 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Ellington Financial Stock Up 1.5 %

Shares of NYSE:EFC opened at $13.32 on Wednesday. The company has a market capitalization of $1.21 billion, a P/E ratio of 10.16 and a beta of 1.97. The stock’s fifty day simple moving average is $12.50 and its 200-day simple moving average is $12.61. Ellington Financial has a 52-week low of $10.88 and a 52-week high of $13.46. The company has a quick ratio of 37.04, a current ratio of 37.04 and a debt-to-equity ratio of 10.87.

Ellington Financial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, February 28th will be issued a $0.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.56 dividend on an annualized basis and a yield of 11.72%. Ellington Financial’s dividend payout ratio (DPR) is 119.08%.

Analysts Set New Price Targets

EFC has been the subject of a number of analyst reports. JMP Securities reissued a “market outperform” rating and issued a $14.00 price objective on shares of Ellington Financial in a research report on Thursday, January 23rd. B. Riley upgraded Ellington Financial to a “strong-buy” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.58.

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.