What is B. Riley’s Forecast for EFC FY2024 Earnings?

Ellington Financial Inc. (NYSE:EFC) – Research analysts at B. Riley issued their FY2024 EPS estimates for Ellington Financial in a report released on Monday, December 16th. B. Riley analyst M. Howlett expects that the financial services provider will post earnings of $1.40 per share for the year. The consensus estimate for Ellington Financial’s current full-year earnings is $1.37 per share. B. Riley also issued estimates for Ellington Financial’s Q4 2024 earnings at $0.38 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.70 EPS, Q1 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.49 EPS, Q3 2026 earnings at $0.50 EPS and FY2026 earnings at $1.97 EPS.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $33.63 million during the quarter, compared to analyst estimates of $37.95 million. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%. During the same period in the prior year, the company earned $0.33 earnings per share.

Ellington Financial Stock Up 0.8 %

EFC stock opened at $12.05 on Thursday. Ellington Financial has a fifty-two week low of $10.88 and a fifty-two week high of $13.46. The stock has a fifty day moving average of $12.37 and a 200-day moving average of $12.58. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.20 and a beta of 1.97. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04.

Hedge Funds Weigh In On Ellington Financial

A number of large investors have recently modified their holdings of the company. CWM LLC increased its holdings in Ellington Financial by 150.2% during the 2nd quarter. CWM LLC now owns 2,602 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,562 shares during the period. Strategic Financial Concepts LLC boosted its stake in Ellington Financial by 1,667.2% during the second quarter. Strategic Financial Concepts LLC now owns 282,746 shares of the financial services provider’s stock valued at $34,000 after buying an additional 266,746 shares during the period. McIlrath & Eck LLC purchased a new position in Ellington Financial during the third quarter worth about $62,000. Prospera Private Wealth LLC bought a new position in Ellington Financial in the 3rd quarter worth about $68,000. Finally, Members Trust Co purchased a new stake in shares of Ellington Financial in the 3rd quarter valued at about $129,000. 55.62% of the stock is currently owned by institutional investors.

Insider Activity at Ellington Financial

In related news, CIO Michael W. Vranos sold 14,000 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $12.48, for a total transaction of $174,720.00. Following the sale, the executive now owns 168,359 shares of the company’s stock, valued at approximately $2,101,120.32. This represents a 7.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Ellington Financial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be given a $0.13 dividend. This represents a $1.56 annualized dividend and a dividend yield of 12.95%. The ex-dividend date is Tuesday, December 31st. Ellington Financial’s dividend payout ratio (DPR) is currently 119.08%.

About Ellington Financial

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.