Orchid Island Capital (NYSE:ORC - Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $4,236.50 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Orchid Island Capital (NYSE:ORC - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). During the same quarter last year, the firm posted ($0.28) EPS. On average, analysts expect Orchid Island Capital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Orchid Island Capital Price Performance
Shares of ORC stock traded up $0.06 during trading on Thursday, reaching $8.00. The company's stock had a trading volume of 1,061,529 shares, compared to its average volume of 2,307,327. Orchid Island Capital has a 1-year low of $7.41 and a 1-year high of $9.08. The stock's 50-day moving average price is $7.88 and its 200 day moving average price is $8.02. The company has a market capitalization of $638.40 million, a price-to-earnings ratio of 7.61 and a beta of 1.82.
Orchid Island Capital Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, January 31st. This represents a $1.44 annualized dividend and a yield of 18.01%. Orchid Island Capital's dividend payout ratio (DPR) is 137.14%.
Analyst Ratings Changes
Separately, JMP Securities reaffirmed a "market perform" rating on shares of Orchid Island Capital in a report on Thursday.
Get Our Latest Stock Analysis on ORC
About Orchid Island Capital
(
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Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.
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