Orchid Island Capital (ORC) Projected to Post Earnings on Thursday

Orchid Island Capital (NYSE:ORC) is anticipated to post its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Orchid Island Capital to post earnings of ($0.03) per share and revenue of $4.24 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Orchid Island Capital Price Performance

Shares of Orchid Island Capital stock opened at $7.98 on Wednesday. The business’s fifty day moving average price is $7.89 and its two-hundred day moving average price is $8.01. The company has a market capitalization of $636.80 million, a P/E ratio of 7.60 and a beta of 1.82. Orchid Island Capital has a 1-year low of $7.41 and a 1-year high of $9.08.

Orchid Island Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, January 31st will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.06%. The ex-dividend date of this dividend is Friday, January 31st. Orchid Island Capital’s payout ratio is 137.14%.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd.

About Orchid Island Capital

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.