Ellington Financial (EFC) Projected to Post Earnings on Thursday

Ellington Financial (NYSE:EFC) is anticipated to release its earnings data 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Ellington Financial Stock Performance

NYSE EFC opened at $13.12 on Tuesday. Ellington Financial has a 12-month low of $10.88 and a 12-month high of $13.46. The firm has a 50-day moving average price of $12.48 and a two-hundred day moving average price of $12.61. The company 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 quick ratio of 37.04, a current ratio of 37.04 and a debt-to-equity ratio of 10.87.

Ellington Financial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 25th. Stockholders 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 currently 119.08%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EFC shares. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 price objective 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 research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.58.

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.