B. Riley Has Optimistic Outlook of EFC FY2025 Earnings

Key Points

• B. Riley has increased its FY2025 earnings per share (EPS) estimate for Ellington Financial from $1.65 to $1.75, maintaining a "Buy" rating with a target price of $16.00.
• Ellington Financial reported a quarterly EPS of $0.47, exceeding the consensus estimate of $0.40, while revenue for the quarter was $92.54 million, which fell short of the $112.48 million expectation.
• The company announced a monthly dividend of $0.13 per share, providing a dividend yield of 11.4%, with a dividend payout ratio currently at 125.81%.

Ellington Financial Inc. (NYSE:EFC - Free Report) - B. Riley raised their FY2025 earnings per share (EPS) estimates for Ellington Financial in a research note issued to investors on Monday, August 11th. B. Riley analyst R. Binner now anticipates that the financial services provider will post earnings per share of $1.75 for the year, up from their prior forecast of $1.65. B. Riley has a "Buy" rating and a $16.00 price objective on the stock. The consensus estimate for Ellington Financial's current full-year earnings is $1.38 per share.

Ellington Financial (NYSE:EFC - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $92.54 million during the quarter, compared to the consensus estimate of $112.48 million. Ellington Financial had a return on equity of 13.56% and a net margin of 89.52%.

EFC has been the topic of a number of other research reports. Zacks Research raised Ellington Financial to a "strong-buy" rating in a research note on Tuesday, August 12th. Jones Trading raised Ellington Financial from a "hold" rating to a "buy" rating and set a $14.25 target price on the stock in a research note on Wednesday, August 13th. Piper Sandler decreased their price target on shares of Ellington Financial from $15.00 to $14.50 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Finally, UBS Group raised their target price on shares of Ellington Financial from $12.00 to $12.50 and gave the company a "neutral" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $14.29.

Ellington Financial Price Performance

Ellington Financial stock traded up $0.1150 during midday trading on Thursday, hitting $13.8250. 762,769 shares of the company's stock were exchanged, compared to its average volume of 1,053,393. The stock has a 50-day moving average price of $13.09 and a two-hundred day moving average price of $12.95. Ellington Financial has a 52-week low of $11.12 and a 52-week high of $14.40. The company has a market cap of $1.38 billion, a P/E ratio of 11.15 and a beta of 1.00. The company has a debt-to-equity ratio of 10.96, a quick ratio of 46.78 and a current ratio of 46.78.

Institutional Investors Weigh In On Ellington Financial

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Ellington Financial by 3.0% in the first quarter. Vanguard Group Inc. now owns 5,899,538 shares of the financial services provider's stock worth $78,228,000 after acquiring an additional 171,445 shares in the last quarter. Invesco Ltd. grew its position in shares of Ellington Financial by 17.2% during the 4th quarter. Invesco Ltd. now owns 2,364,583 shares of the financial services provider's stock valued at $28,659,000 after buying an additional 347,587 shares during the last quarter. Geode Capital Management LLC increased its position in Ellington Financial by 3.7% in the second quarter. Geode Capital Management LLC now owns 2,187,694 shares of the financial services provider's stock worth $28,422,000 after buying an additional 77,047 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ellington Financial by 4.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,470,054 shares of the financial services provider's stock valued at $17,817,000 after acquiring an additional 67,807 shares during the period. Finally, Northern Trust Corp boosted its stake in Ellington Financial by 2.1% during the 1st quarter. Northern Trust Corp now owns 1,115,881 shares of the financial services provider's stock valued at $14,797,000 after purchasing an additional 22,979 shares during the period. Institutional investors and hedge funds own 55.62% of the company's stock.

Ellington Financial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $0.13 dividend. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Friday, August 29th. Ellington Financial's dividend payout ratio is 125.81%.

Ellington Financial Company Profile

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.