Ellington Financial (EFC) Scheduled to Post Earnings on Wednesday

Ellington Financial (NYSE:EFC - Get Free Report) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Ellington Financial (NYSE:EFC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Ellington Financial had a net margin of 103.55% and a return on equity of 9.76%. The business had revenue of $33.60 million during the quarter, compared to the consensus estimate of $37.20 million. During the same period in the prior year, the company posted $0.38 earnings per share. On average, analysts expect Ellington Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ellington Financial Stock Performance

EFC traded down $0.04 on Wednesday, hitting $12.46. 729,603 shares of the stock traded hands, compared to its average volume of 967,888. The business has a fifty day moving average price of $12.90 and a two-hundred day moving average price of $12.45. The company has a current ratio of 73.16, a quick ratio of 73.16 and a debt-to-equity ratio of 10.84. Ellington Financial has a 52 week low of $10.88 and a 52 week high of $13.46. The firm has a market capitalization of $1.06 billion, a PE ratio of 19.45 and a beta of 1.98.

Ellington Financial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.56 dividend on an annualized basis and a yield of 12.52%. Ellington Financial's dividend payout ratio is currently 243.75%.

Analyst Upgrades and Downgrades

Separately, JMP Securities dropped their price objective on shares of Ellington Financial from $14.50 to $14.00 and set a "market outperform" rating for the company in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.56.

Insider Buying and Selling at Ellington Financial

In other news, CIO Michael W. Vranos sold 14,000 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $12.48, for a total value of $174,720.00. Following the completion of the transaction, the executive now owns 168,359 shares of the company's stock, valued at $2,101,120.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.40% 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.