Ellington Financial (EFC) Projected to Post Earnings on Monday

Ellington Financial (NYSE:EFC) is expected to be issuing its quarterly earnings data before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $112.88 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Ellington Financial Trading Up 0.7 %

Shares of NYSE:EFC opened at $12.98 on Monday. The company has a market cap of $1.18 billion, a PE ratio of 9.90 and a beta of 1.97. The company’s 50-day moving average price is $12.40 and its 200 day moving average price is $12.58. Ellington Financial has a fifty-two week low of $10.88 and a fifty-two week high of $13.46. The company has a quick ratio of 37.04, a current ratio of 37.04 and a debt-to-equity ratio of 10.87.

Ellington Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, February 28th will be given a $0.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.56 annualized dividend and a yield of 12.02%. Ellington Financial’s dividend payout ratio is presently 119.08%.

Wall Street Analysts Forecast Growth

EFC has been the topic of several recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $14.00 price objective on shares of Ellington Financial in a research report on Thursday, January 23rd. B. Riley upgraded shares of Ellington Financial to a “strong-buy” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.58.

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.