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

Ellington Financial Inc. (NYSE:EFC) – Investment analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for shares of Ellington Financial in a report issued on Monday, December 16th. B. Riley analyst M. Howlett expects that the financial services provider will post earnings of $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 Price Performance

Shares of NYSE EFC opened at $12.05 on Thursday. The company has a current ratio of 37.04, a quick ratio of 37.04 and a debt-to-equity ratio of 10.87. The firm’s 50-day moving average price is $12.37 and its 200-day moving average price is $12.58. The firm has a market capitalization of $1.09 billion, a P/E ratio of 9.20 and a beta of 1.97. Ellington Financial has a 1-year low of $10.88 and a 1-year high of $13.46.

Ellington Financial (NYSE:EFC) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The company had revenue of $33.63 million during the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.33 EPS.

Ellington Financial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a $0.13 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.56 annualized dividend and a yield of 12.95%. Ellington Financial’s payout ratio is currently 119.08%.

Insider Buying and Selling at Ellington Financial

In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was 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 of the company’s stock, valued at approximately $2,101,120.32. The trade was a 7.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. CWM LLC boosted its holdings in Ellington Financial by 150.2% during the 2nd quarter. CWM LLC now owns 2,602 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,562 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in Ellington Financial by 1,667.2% during the second 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 during the last quarter. McIlrath & Eck LLC bought a new stake in Ellington Financial in the 3rd quarter worth about $62,000. Prospera Private Wealth LLC purchased a new stake in Ellington Financial in the 3rd quarter valued at about $68,000. Finally, Members Trust Co bought a new position in shares of Ellington Financial during the 3rd quarter worth approximately $129,000. Hedge funds and other institutional investors own 55.62% 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.