Ellington Financial (EFC) Set to Announce Quarterly Earnings on Wednesday

Ellington Financial (NYSE:EFC) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Ellington Financial (NYSE:EFC) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $33.60 million during the quarter, compared to the consensus estimate of $37.20 million. Ellington Financial had a return on equity of 9.76% and a net margin of 103.55%. During the same quarter last year, the business earned $0.38 EPS. On average, analysts expect Ellington Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ellington Financial Stock Performance

Shares of EFC opened at $12.50 on Wednesday. The company has a market capitalization of $1.06 billion, a PE ratio of 19.53 and a beta of 1.98. Ellington Financial has a one year low of $10.88 and a one year high of $13.46. The company has a debt-to-equity ratio of 10.84, a current ratio of 73.16 and a quick ratio of 73.16. The company’s fifty day moving average price is $12.90 and its 200 day moving average price is $12.45.

Ellington Financial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, October 31st will be issued a $0.13 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.56 annualized dividend and a yield of 12.48%. Ellington Financial’s dividend payout ratio (DPR) is presently 243.75%.

Analysts Set New Price Targets

Separately, JMP Securities dropped their target price on shares of Ellington Financial from $14.50 to $14.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.56.

Insider Transactions at Ellington Financial

In other news, CIO Michael W. Vranos sold 14,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $12.48, for a total transaction of $174,720.00. Following the transaction, the executive now owns 168,359 shares in the company, valued at approximately $2,101,120.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.40% of the company’s stock.

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.