Orchid Island Capital (ORC) Announces Quarterly Earnings, Beats Expectations By $0.62 EPS
Orchid Island Capital (NYSE:ORC) issued its quarterly earnings data on Tuesday. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.62, Analyst Ratings Network reports.
Orchid Island Capital (NYSE:ORC) traded up 1.60% during mid-day trading on Tuesday, hitting $14.00. 215,727 shares of the company’s stock traded hands. Orchid Island Capital has a 52 week low of $10.02 and a 52 week high of $14.40. The stock has a 50-day moving average of $13.32 and a 200-day moving average of $12.77. The company has a market cap of $127.3 million and a P/E ratio of 20.88.
The company also recently declared a jul 14 dividend, which is scheduled for Thursday, July 31st. Investors of record on Monday, July 28th will be given a dividend of $0.18 per share. This represents a yield of 16.33%. The ex-dividend date of this dividend is Thursday, July 24th.
On the ratings front, analysts at Ladenburg Thalmann cut their price target on shares of Orchid Island Capital from $14.75 to $13.50 in a research note on Monday, May 5th.
Orchid Island Capital, Inc, is a specialty finance company that invests in residential mortgage-backed securities (NYSE:ORC).
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