Ellington Financial (EFC) to Release Quarterly Earnings on Wednesday
Ellington Financial (NYSE:EFC) is set to announce its Q413 earnings results on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.73 per share and revenue of $20.65 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Ellington Financial (NYSE:EFC) last announced its earnings results on Wednesday, May 7th. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.13. The company had revenue of $21.50 million for the quarter, compared to the consensus estimate of $23.24 million. Ellington Financial’s revenue was up 17.0% compared to the same quarter last year. On average, analysts expect Ellington Financial to post $2.98 EPS for the current fiscal year and $2.94 EPS for the next fiscal year.
Ellington Financial (NYSE:EFC) traded down 0.50% during mid-day trading on Tuesday, hitting $23.88. The stock had a trading volume of 43,885 shares. Ellington Financial has a 1-year low of $21.12 and a 1-year high of $24.95. The stock has a 50-day moving average of $23.8 and a 200-day moving average of $23.88. The company has a market cap of $607.5 million and a price-to-earnings ratio of 9.95.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Ellington Financial from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 9th. They now have a $22.50 price target on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ellington Financial in a research note on Thursday, May 8th. They now have a $26.75 price target on the stock, down previously from $27.00. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Ellington Financial currently has a consensus rating of “Hold” and an average price target of $24.85.
Ellington Financial LLC (NYSE:EFC) is a specialty finance company, which specializes in acquiring and managing mortgage-related assets.
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