Ellington Financial (NYSE:EFC) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Ellington Financial (NYSE:EFC - Get Free Report) posted its earnings results on Thursday. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.07, Zacks reports. The company had revenue of $38.13 million for the quarter, compared to analyst estimates of $112.88 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%.

Ellington Financial Stock Performance

NYSE:EFC traded down $0.49 during trading on Monday, reaching $13.86. The company's stock had a trading volume of 3,018,580 shares, compared to its average volume of 1,055,419. Ellington Financial has a 12 month low of $10.88 and a 12 month high of $14.40. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 10.58 and a beta of 1.97. The firm has a 50 day moving average of $12.60 and a 200-day moving average of $12.63. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04.

Ellington Financial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, February 28th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.56 dividend on an annualized basis and a yield of 11.26%. Ellington Financial's dividend payout ratio (DPR) is currently 113.04%.

Wall Street Analyst Weigh In

A number of analysts have commented on EFC shares. Keefe, Bruyette & Woods boosted their price objective on Ellington Financial from $13.75 to $14.50 and gave the stock an "outperform" rating in a report on Monday. B. Riley upgraded Ellington Financial to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, JMP Securities restated a "market outperform" rating and set a $14.00 price objective on shares of Ellington Financial in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

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Ellington Financial Company Profile

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.