Ellington Financial (EFC) Expected to Announce Earnings on Thursday

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

Ellington Financial Stock Performance

Shares of Ellington Financial stock opened at $13.12 on Tuesday. The company’s 50 day moving average price is $12.48 and its two-hundred day moving average price is $12.61. The firm has a market capitalization of $1.19 billion, a P/E ratio of 10.01 and a beta of 1.97. The company has a debt-to-equity ratio of 10.87, a current ratio of 37.04 and a quick ratio of 37.04. Ellington Financial has a fifty-two week low of $10.88 and a fifty-two week high of $13.46.

Ellington Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, February 28th will be issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.89%. The ex-dividend date of this dividend is Friday, February 28th. Ellington Financial’s dividend payout ratio (DPR) is 119.08%.

Analysts Set New Price Targets

EFC has been the subject of several research reports. JMP Securities reiterated a “market outperform” rating and issued a $14.00 target price on shares of Ellington Financial in a research report on Thursday, January 23rd. B. Riley upgraded shares of 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.58.

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.