Ellington Financial (EFC) Getting Somewhat Positive Media Coverage, Report Shows
News stories about Ellington Financial (NYSE:EFC) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ellington Financial earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.3760819101689 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Ellington Financial (NYSE:EFC) traded up 0.06% on Tuesday, reaching $15.61. The company had a trading volume of 31,308 shares. The stock has a market cap of $501.27 million, a PE ratio of 22.92 and a beta of 0.44. The stock has a 50-day moving average price of $16.02 and a 200-day moving average price of $16.21. Ellington Financial has a 12 month low of $15.30 and a 12 month high of $17.20.
Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The company had revenue of $22.66 million for the quarter, compared to analyst estimates of $21.82 million. Ellington Financial had a net margin of 26.67% and a return on equity of 5.48%. Ellington Financial’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. Analysts predict that Ellington Financial will post $1.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 11.54%. Ellington Financial’s dividend payout ratio (DPR) is currently 257.15%.
Several research firms have recently weighed in on EFC. Zacks Investment Research cut Ellington Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BidaskClub raised Ellington Financial from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, ValuEngine raised Ellington Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Ellington Financial currently has an average rating of “Hold” and a consensus price target of $18.83.
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Ellington Financial Company Profile
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