Ellington Credit (EARN) Scheduled to Post Earnings on Monday

Ellington Credit (NYSE:EARN) is scheduled to be posting its quarterly earnings results after the market closes on Monday, August 12th. Analysts expect Ellington Credit to post earnings of $0.24 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ellington Credit (NYSE:EARN) last posted its quarterly earnings data on Tuesday, May 14th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $0.28 million for the quarter, compared to the consensus estimate of $4.02 million. During the same quarter last year, the company earned $0.21 earnings per share. On average, analysts expect Ellington Credit to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ellington Credit Price Performance

NYSE EARN opened at $6.81 on Friday. Ellington Credit has a 12 month low of $5.09 and a 12 month high of $7.26. The company has a market capitalization of $139.43 million, a price-to-earnings ratio of 23.48 and a beta of 1.89. The company’s fifty day moving average price is $6.97 and its two-hundred day moving average price is $6.68.

Ellington Credit Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 14.10%. Ellington Credit’s dividend payout ratio (DPR) is 331.03%.

Analyst Ratings Changes

Separately, JMP Securities restated a “market perform” rating on shares of Ellington Credit in a research report on Thursday, April 18th.

Ellington Credit Company Profile

Ellington Credit Company, a real estate investment trust, acquires, invests in, and manages residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS, such as non-agency CMOs, such as investment grade and non-investment grade.