Ellington Credit (EARN) Expected to Announce Quarterly Earnings on Wednesday

Ellington Credit (NYSE:EARN) is projected to announce its earnings results before the market opens on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $9.65 million for the quarter.

Ellington Credit Trading Up 0.4 %

Shares of Ellington Credit stock opened at $6.53 on Wednesday. The company has a 50 day moving average of $6.57 and a 200-day moving average of $6.72. Ellington Credit has a 1-year low of $5.88 and a 1-year high of $7.26. The company has a market cap of $190.38 million, a PE ratio of 5.83 and a beta of 1.85.

Ellington Credit Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.71%. The ex-dividend date is Friday, February 28th. Ellington Credit’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Ellington Credit from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

About Ellington Credit

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.