Ellington Credit (NYSE:EARN) Releases Q4 2024 Earnings Guidance

Ellington Credit (NYSE:EARN) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.260-0.280 for the period, compared to the consensus earnings per share estimate of 0.300. The company issued revenue guidance of -.

Ellington Credit Stock Performance

Shares of EARN stock opened at $6.59 on Tuesday. The stock’s 50-day simple moving average is $6.65 and its 200-day simple moving average is $6.77. The firm has a market capitalization of $192.15 million, a PE ratio of 5.88 and a beta of 1.85. Ellington Credit has a fifty-two week low of $5.54 and a fifty-two week high of $7.26.

Ellington Credit (NYSE:EARN) last posted its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $4.75 million for the quarter, compared to analysts’ expectations of $7.55 million. Ellington Credit had a return on equity of 15.81% and a net margin of 226.01%. During the same period last year, the firm earned $0.21 EPS. Sell-side analysts forecast that Ellington Credit will post 1.17 earnings per share for the current year.

Ellington Credit Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, January 31st will be issued a $0.08 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 14.58%. Ellington Credit’s payout ratio is currently 85.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Ellington Credit from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

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.