What is B. Riley’s Estimate for EFC FY2024 Earnings?

Ellington Financial Inc. (NYSE:EFC) – Analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for Ellington Financial in a report released on Monday, December 16th. B. Riley analyst M. Howlett forecasts 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 Trading Up 0.7 %

Shares of Ellington Financial stock opened at $12.13 on Thursday. The company has a 50-day moving average of $12.37 and a two-hundred day moving average of $12.57. The stock has a market cap of $1.10 billion, a PE ratio of 9.26 and a beta of 1.97. The company has a current ratio of 37.04, a quick ratio of 37.04 and a debt-to-equity ratio of 10.87. Ellington Financial has a 12-month low of $10.88 and a 12-month high of $13.46.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 EPS for the quarter, beating 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 quarter last year, the business earned $0.33 earnings per share.

Institutional Investors Weigh In On Ellington Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its holdings in Ellington Financial by 146.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 726,779 shares of the financial services provider’s stock valued at $9,368,000 after acquiring an additional 431,945 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Ellington Financial by 1,667.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 282,746 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 266,746 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of Ellington Financial during the 2nd quarter worth approximately $2,968,000. Van ECK Associates Corp lifted its stake in Ellington Financial by 32.3% in the 2nd quarter. Van ECK Associates Corp now owns 751,997 shares of the financial services provider’s stock valued at $9,084,000 after buying an additional 183,544 shares in the last quarter. Finally, State Street Corp grew its holdings in Ellington Financial by 4.1% during the 3rd quarter. State Street Corp now owns 3,140,371 shares of the financial services provider’s stock valued at $40,885,000 after buying an additional 124,943 shares during the last quarter. 55.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $12.48, for a total value of $174,720.00. Following the sale, the executive now owns 168,359 shares of the company’s stock, valued at approximately $2,101,120.32. This represents a 7.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is currently owned by insiders.

Ellington Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be paid a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 12.86%. The ex-dividend date is Tuesday, December 31st. Ellington Financial’s payout ratio is currently 119.08%.

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.