FY2024 Earnings Forecast for EFC Issued By B. Riley

Ellington Financial Inc. (NYSE:EFC) – Research analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for shares of Ellington Financial in a note issued to investors on Monday, December 16th. B. Riley analyst M. Howlett anticipates that the financial services provider will earn $1.40 per share for the year. The consensus estimate for Ellington Financial’s current full-year earnings is $1.37 per share. B. Riley also issued estimates for Ellington Financial’s Q4 2024 earnings at $0.38 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.70 EPS, Q1 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.49 EPS, Q3 2026 earnings at $0.50 EPS and FY2026 earnings at $1.97 EPS.

Ellington Financial (NYSE:EFC) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The firm had revenue of $33.63 million during the quarter, compared to analysts’ expectations of $37.95 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. During the same period last year, the business earned $0.33 earnings per share.

Ellington Financial Trading Up 1.6 %

Shares of NYSE EFC traded up $0.19 during midday trading on Thursday, reaching $12.15. 130,034 shares of the stock were exchanged, compared to its average volume of 941,802. The stock has a market capitalization of $1.10 billion, a P/E ratio of 9.27 and a beta of 1.97. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04. The company has a 50 day simple moving average of $12.38 and a 200 day simple moving average of $12.58. Ellington Financial has a twelve month low of $10.88 and a twelve month high of $13.46.

Ellington Financial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.56 dividend on an annualized basis and a yield of 12.84%. Ellington Financial’s dividend payout ratio is currently 119.08%.

Insider Activity

In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of Ellington Financial 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 completion of the sale, the executive now directly owns 168,359 shares in the company, valued at $2,101,120.32. This trade represents a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Ellington Financial

Large investors have recently made changes to their positions in the stock. CWM LLC lifted its stake in Ellington Financial by 150.2% during the second quarter. CWM LLC now owns 2,602 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,562 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Ellington Financial by 1,667.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 282,746 shares of the financial services provider’s stock valued at $34,000 after buying an additional 266,746 shares during the period. McIlrath & Eck LLC acquired a new position in Ellington Financial during the 3rd quarter worth about $62,000. Prospera Private Wealth LLC purchased a new position in Ellington Financial during the 3rd quarter valued at about $68,000. Finally, Members Trust Co acquired a new position in Ellington Financial in the 3rd quarter valued at about $129,000. 55.62% of the stock is currently owned by institutional investors and hedge funds.

Ellington Financial Company Profile

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.