Orchid Island Capital (NYSE:ORC) Releases Q1 2021 Earnings Guidance

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Orchid Island Capital (NYSE:ORC) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of -0.340–0.340 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.260. The company issued revenue guidance of -.

Separately, Jonestrading reaffirmed a sell rating and issued a $4.75 target price (down previously from $6.00) on shares of Orchid Island Capital in a research report on Wednesday, April 21st.

Shares of ORC stock traded down $0.06 during trading hours on Tuesday, reaching $5.48. 2,076,087 shares of the stock were exchanged, compared to its average volume of 2,630,527. The business’s fifty day moving average is $5.79 and its two-hundred day moving average is $5.51. Orchid Island Capital has a 12-month low of $3.24 and a 12-month high of $6.22. The firm has a market capitalization of $517.37 million, a P/E ratio of 182.67 and a beta of 1.36.

Orchid Island Capital (NYSE:ORC) last released its earnings results on Friday, February 26th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.03). As a group, research analysts predict that Orchid Island Capital will post 1.16 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 26th. Stockholders of record on Friday, April 30th will be given a dividend of $0.065 per share. The ex-dividend date is Thursday, April 29th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 14.23%. Orchid Island Capital’s dividend payout ratio (DPR) is presently 90.70%.

Orchid Island Capital Company Profile

Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS, including interest only securities, inverse interest only securities, and principal only securities.

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