Ellington Credit (EARN) Projected to Post Quarterly 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 issue its Q2 2025 quarterly earnings data before the market opens on Monday, August 11th. Analysts expect the company to announce 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 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Ellington Credit had a negative net margin of 21.82% and a positive return on equity of 17.67%. The business had revenue of $9.25 million during the quarter, compared to analysts' expectations of $10.35 million. During the same quarter last year, the company earned $0.27 EPS. 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 Trading Up 1.1%

EARN stock traded up $0.07 on Monday, hitting $5.73. The company's stock had a trading volume of 76,965 shares, compared to its average volume of 580,636. The firm has a 50 day moving average of $5.79 and a two-hundred day moving average of $5.84. Ellington Credit has a 1 year low of $4.32 and a 1 year high of $7.11. The stock has a market cap of $215.03 million, a price-to-earnings ratio of -44.04 and a beta of 1.29.

Ellington Credit Announces Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, July 31st will be given a $0.08 dividend. The ex-dividend date is Thursday, July 31st. This represents a yield of 1,630.0%. Ellington Credit's dividend payout ratio is -738.46%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group upped their price target on shares of Ellington Credit from $5.50 to $5.75 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Piper Sandler reduced their price target on shares of Ellington Credit from $8.00 to $6.50 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Wall Street Zen downgraded shares of Ellington Credit from a "hold" rating to a "sell" rating in a research report on Friday, May 16th.

Hedge Funds Weigh In On Ellington Credit

A number of large investors have recently bought and sold shares of EARN. Millennium Management LLC raised its position in Ellington Credit by 485.8% during the 1st quarter. Millennium Management LLC now owns 932,326 shares of the real estate investment trust's stock worth $5,044,000 after buying an additional 773,169 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Ellington Credit by 56.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 126,864 shares of the real estate investment trust's stock worth $686,000 after buying an additional 45,845 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Ellington Credit by 415.4% during the 1st quarter. Jane Street Group LLC now owns 379,906 shares of the real estate investment trust's stock worth $2,055,000 after buying an additional 306,192 shares during the last quarter. Hedge funds and other institutional investors own 20.40% of the company's stock.

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.

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