Ellington Financial (NYSE:EFC) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Ellington Financial (NYSE:EFC) released its quarterly earnings results on Thursday. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07, Zacks reports. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%.

Ellington Financial Stock Down 0.1 %

EFC opened at $13.32 on Friday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.16 and a beta of 1.97. Ellington Financial has a 12 month low of $10.88 and a 12 month high of $13.46. The company has a debt-to-equity ratio of 10.87, a current ratio of 37.04 and a quick ratio of 37.04. The business has a 50-day moving average of $12.56 and a two-hundred day moving average of $12.62.

Ellington Financial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, February 28th will be paid a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 11.72%. The ex-dividend date is Friday, February 28th. Ellington Financial’s payout ratio is 119.08%.

Analysts Set New Price Targets

EFC has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 target price on shares of Ellington Financial in a research note on Thursday, January 23rd. B. Riley upgraded Ellington Financial to a “strong-buy” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.