Ellington Credit (EARN) to Release Earnings on Tuesday

Ellington Credit (NYSE:EARN) is scheduled to announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Ellington Credit (NYSE:EARN) last announced its quarterly earnings results on Monday, August 12th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.12. The business had revenue of $3.90 million for the quarter, compared to the consensus estimate of $6.35 million. During the same quarter last year, the firm posted $0.17 EPS. On average, analysts expect Ellington Credit to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ellington Credit Price Performance

Shares of NYSE EARN opened at $6.62 on Friday. The company has a 50-day moving average price of $6.83 and a 200-day moving average price of $6.92. The stock has a market capitalization of $167.68 million, a P/E ratio of 41.38 and a beta of 1.87. Ellington Credit has a 1 year low of $5.42 and a 1 year high of $7.26.

Ellington Credit Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 14.50%. Ellington Credit’s dividend payout ratio (DPR) is currently 600.04%.

About Ellington Credit

Ellington Credit Company, a real estate investment trust, acquires, invests in, and manages residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS, such as non-agency CMOs, such as investment grade and non-investment grade.