Ellington Financial (EFC) to Release Quarterly Earnings on Monday

Ellington Financial (NYSE:EFC) is scheduled to be announcing its earnings results after the market closes on Monday, February 12th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.

Ellington Financial (NYSE:EFC) last released its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). The firm had revenue of $22.38 million for the quarter, compared to analyst estimates of $23.26 million. Ellington Financial had a net margin of 29.47% and a return on equity of 4.00%. On average, analysts expect Ellington Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Ellington Financial (EFC) opened at $14.60 on Monday. The stock has a market capitalization of $465.83, a price-to-earnings ratio of 16.59 and a beta of 0.36. Ellington Financial has a 12-month low of $14.44 and a 12-month high of $17.00. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 1.91.

A number of analysts recently issued reports on EFC shares. Maxim Group reissued a “buy” rating and set a $20.00 price objective on shares of Ellington Financial in a research report on Monday, October 9th. Zacks Investment Research raised Ellington Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. Keefe, Bruyette & Woods set a $17.00 price objective on Ellington Financial and gave the company a “hold” rating in a research report on Monday, November 13th. B. Riley reissued a “buy” rating and set a $16.00 price objective (down previously from $17.50) on shares of Ellington Financial in a research report on Wednesday, November 1st. Finally, Sandler O’Neill started coverage on Ellington Financial in a research report on Wednesday, December 6th. They set a “buy” rating and a $17.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $17.25.

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Ellington Financial Company Profile

Ellington Financial LLC is a specialty finance company that acquires and manages mortgage-related and other financial assets. The Company’s targeted assets include residential mortgage-backed securities (RMBS), backed by loans for which the principal and interest payments are not guaranteed by a United States Government agency or a United States Government-sponsored entity, collectively referred to as non-Agency RMBS; RMBS for which the principal and interest payments are guaranteed by the United States government agency or the United States government-sponsored entity (Agency RMBS); consumer loans and asset-backed securities (ABS) backed by consumer loans; commercial mortgage-backed securities (CMBS) commercial mortgage loans and other commercial real estate debt; residential mortgage loans; collateralized loan obligations (CLOs); corporate debt and equity, including distressed debt and equity, and mortgage-related derivatives.

Earnings History for Ellington Financial (NYSE:EFC)

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