Ellington Financial (EFC) Earns Media Impact Score of 0.18
News headlines about Ellington Financial (NYSE:EFC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ellington Financial earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.6518841457524 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research firms have commented on EFC. BidaskClub raised Ellington Financial from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research downgraded Ellington Financial from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, ValuEngine raised Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.83.
Ellington Financial (EFC) traded up 0.38% during midday trading on Monday, reaching $15.67. The company’s stock had a trading volume of 81,237 shares. Ellington Financial has a 1-year low of $15.30 and a 1-year high of $17.20. The company’s 50-day moving average price is $15.95 and its 200-day moving average price is $16.19. The company has a market capitalization of $503.20 million, a price-to-earnings ratio of 23.01 and a beta of 0.44.
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 the Thomson Reuters’ consensus estimate of $0.33 by ($0.06). Ellington Financial had a return on equity of 5.48% and a net margin of 26.67%. The business had revenue of $22.66 million during the quarter, compared to the consensus estimate of $21.82 million. During the same period in the previous year, the company posted $0.15 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts predict that Ellington Financial will post $1.34 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.45 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.80 annualized dividend and a dividend yield of 11.53%. Ellington Financial’s payout ratio is 257.15%.
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About Ellington Financial
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