Ellington Credit (NYSE:EARN - Get Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Ellington Credit to post earnings of $0.27 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.
Ellington Credit (NYSE:EARN - Get Free Report) last issued 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 analyst estimates of $6.35 million. During the same period last year, the business posted $0.17 earnings per share. 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 EARN traded up $0.12 during trading hours on Tuesday, reaching $6.51. 493,887 shares of the company's stock traded hands, compared to its average volume of 319,609. The firm has a market capitalization of $164.90 million, a price-to-earnings ratio of 40.19 and a beta of 1.87. Ellington Credit has a twelve month low of $5.42 and a twelve month high of $7.26. The business's fifty day simple moving average is $6.87 and its two-hundred day simple moving average is $6.93.
Ellington Credit Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.75%. The ex-dividend date is Thursday, October 31st. Ellington Credit's dividend payout ratio (DPR) is 600.04%.
Ellington Credit Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Ellington Credit, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ellington Credit wasn't on the list.
While Ellington Credit currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
