Ellington Credit (EARN) to Release Earnings on Monday

Key Points

• Ellington Credit is expected to announce its Q2 2025 earnings on August 11, with projections of $0.20 earnings per share and $12.15 million in revenue.
• The company recently declared a dividend of $0.08 with a significant yield of 1,630.0%, despite a high dividend payout ratio of -738.46%.
• Analysts have mixed views on the stock, with UBS upgrading its target to $5.75 while Piper Sandler reduced its target to $6.50 and Wall Street Zen downgraded it to a "sell."

Ellington Credit (NYSE:EARN - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Monday, August 11th. Analysts expect Ellington Credit to post earnings of $0.20 per share and revenue of $12.15 million for the quarter.

Ellington Credit (NYSE:EARN - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $9.25 million during the quarter, compared to the consensus estimate of $10.35 million. Ellington Credit had a negative net margin of 21.82% and a positive return on equity of 17.67%. During the same period in the prior year, the company earned $0.27 earnings per share. On average, analysts expect Ellington Credit to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ellington Credit Price Performance

Ellington Credit stock traded up $0.01 during trading hours on Friday, hitting $5.64. The company had a trading volume of 310,735 shares, compared to its average volume of 350,773. The firm has a market cap of $211.84 million, a PE ratio of -43.38 and a beta of 1.29. Ellington Credit has a one year low of $4.32 and a one year high of $7.11. The firm has a 50-day moving average of $5.79 and a 200 day moving average of $5.82.

Ellington Credit Dividend Announcement

The business 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 $0.08 dividend. This represents a c) annualized dividend and a yield of 17.0%. The ex-dividend date of this dividend is Friday, August 29th. Ellington Credit's dividend payout ratio is currently -738.46%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EARN. Millennium Management LLC increased its holdings in shares of Ellington Credit by 485.8% during the first quarter. Millennium Management LLC now owns 932,326 shares of the real estate investment trust's stock worth $5,044,000 after purchasing an additional 773,169 shares during the period. Jane Street Group LLC increased its holdings in shares of Ellington Credit by 415.4% during the first quarter. Jane Street Group LLC now owns 379,906 shares of the real estate investment trust's stock worth $2,055,000 after purchasing an additional 306,192 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Ellington Credit by 56.6% during the first quarter. Goldman Sachs Group Inc. now owns 126,864 shares of the real estate investment trust's stock worth $686,000 after purchasing an additional 45,845 shares during the period. 20.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EARN has been the topic of several research analyst reports. UBS Group increased their price target on shares of Ellington Credit from $5.50 to $5.75 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Wall Street Zen cut shares of Ellington Credit from a "hold" rating to a "sell" rating in a report on Friday, May 16th.

Ellington Credit Company Profile

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.