Orchid Island Capital (NYSE:ORC) Issues Q3 2024 Earnings Guidance

Orchid Island Capital (NYSE:ORC) updated its third quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of -0.050–0.050 for the period, compared to the consensus EPS estimate of -0.070. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a report on Wednesday, August 28th.

Orchid Island Capital Stock Performance

Shares of Orchid Island Capital stock traded up $0.11 during trading on Wednesday, hitting $8.03. 1,664,832 shares of the company’s stock were exchanged, compared to its average volume of 1,580,862. Orchid Island Capital has a 52-week low of $5.90 and a 52-week high of $9.08. The business has a 50-day simple moving average of $8.11 and a 200-day simple moving average of $8.33. The stock has a market capitalization of $425.12 million, a price-to-earnings ratio of -15.15 and a beta of 1.85.

Orchid Island Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a yield of 17.94%. Orchid Island Capital’s payout ratio is -271.70%.

Orchid Island Capital Company Profile

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.