Ellington Credit (NYSE:EARN - Get Free Report) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.260-0.280 for the period, compared to the consensus earnings per share estimate of 0.300. The company issued revenue guidance of -.
Ellington Credit Trading Down 0.5 %
NYSE:EARN traded down $0.03 during trading hours on Friday, hitting $6.54. The company had a trading volume of 415,837 shares, compared to its average volume of 614,314. The company has a 50-day moving average of $6.64 and a 200 day moving average of $6.76. The company has a market cap of $190.84 million, a P/E ratio of 5.84 and a beta of 1.85. Ellington Credit has a 1 year low of $5.56 and a 1 year high of $7.26.
Ellington Credit (NYSE:EARN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. Ellington Credit had a net margin of 226.01% and a return on equity of 15.81%. The firm had revenue of $4.75 million during the quarter, compared to analyst estimates of $7.55 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. On average, analysts forecast that Ellington Credit will post 1.17 earnings per share for the current year.
Ellington Credit Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.68%. Ellington Credit's dividend payout ratio is currently 85.71%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Ellington Credit from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th.
Check Out Our Latest Stock Analysis on EARN
About Ellington Credit
(
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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.
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