Ellington Financial (EFC) Issues Earnings Results

Ellington Financial (NYSE:EFC) released its earnings results on Tuesday. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.09), reports. Ellington Financial had a net margin of 31.55% and a return on equity of 5.79%.

Ellington Financial (NYSE EFC) traded up $0.09 during midday trading on Tuesday, hitting $14.86. 109,283 shares of the stock were exchanged, compared to its average volume of 110,446. Ellington Financial has a one year low of $14.19 and a one year high of $17.00. The company has a debt-to-equity ratio of 1.91, a quick ratio of 3.90 and a current ratio of 3.90. The firm has a market cap of $471.57, a P/E ratio of 17.08 and a beta of 0.36.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.04%. The ex-dividend date is Wednesday, February 28th. Ellington Financial’s dividend payout ratio is currently 188.51%.

A number of research analysts have issued reports on EFC shares. Maxim Group restated a “buy” rating and issued a $19.00 target price on shares of Ellington Financial in a report on Tuesday, January 9th. Keefe, Bruyette & Woods set a $17.00 target price on shares of Ellington Financial and gave the company a “hold” rating in a report on Monday, November 13th. B. Riley restated a “buy” rating and issued a $16.00 target price (down from $17.50) on shares of Ellington Financial in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Ellington Financial from a “hold” rating to a “strong sell” rating in a report on Thursday, November 9th. Finally, Sandler O’Neill started coverage on shares of Ellington Financial in a report on Wednesday, December 6th. They issued a “buy” rating and a $17.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $17.25.

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About Ellington Financial

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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