Ellington Credit (EARN) to Release Quarterly Earnings on Tuesday

Ellington Credit (NYSE:EARN) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Tuesday, May 13th. Analysts expect Ellington Credit to post earnings of $0.27 per share and revenue of $10.35 million for the quarter.

Ellington Credit (NYSE:EARN) last released its quarterly earnings data on Wednesday, March 12th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Ellington Credit had a return on equity of 15.81% and a net margin of 226.01%. The business had revenue of $6.14 million during the quarter, compared to analyst estimates of $9.65 million. 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 Stock Up 1.2 %

Shares of EARN traded up $0.07 during mid-day trading on Tuesday, reaching $5.37. The company had a trading volume of 68,304 shares, compared to its average volume of 523,910. The stock has a market capitalization of $201.50 million, a P/E ratio of 4.80 and a beta of 1.74. Ellington Credit has a 52-week low of $4.33 and a 52-week high of $7.26. The stock has a 50 day moving average of $5.57 and a two-hundred day moving average of $6.25.

Ellington Credit Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.96 annualized dividend and a yield of 17.89%. Ellington Credit’s dividend payout ratio (DPR) is currently 320.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EARN shares. Piper Sandler reduced their price objective on Ellington Credit from $8.00 to $6.50 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. UBS Group dropped their price target on shares of Ellington Credit from $6.50 to $5.25 and set a “neutral” rating on the stock in a research note on Thursday, April 17th.

Insider Activity

In related news, Portfolio Manager Gregory Morris Borenstein purchased 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average price of $4.73 per share, for a total transaction of $37,840.00. Following the transaction, the portfolio manager now directly owns 18,000 shares of the company’s stock, valued at $85,140. This trade represents a 80.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.60% 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.