Ellington Financial LLC to Post FY2017 Earnings of $1.07 Per Share, B. Riley Forecasts (EFC)
Ellington Financial LLC (NYSE:EFC) – Equities research analysts at B. Riley lowered their FY2017 earnings estimates for Ellington Financial in a report released on Thursday. B. Riley analyst J. Levi-Ribner now expects that the financial services provider will post earnings per share of $1.07 for the year, down from their previous estimate of $1.08. B. Riley has a “Buy” rating and a $16.00 price target on the stock. B. Riley also issued estimates for Ellington Financial’s Q4 2017 earnings at $0.26 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.19 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.55 EPS.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Ellington Financial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Sandler O’Neill assumed coverage on shares of Ellington Financial in a research note on Wednesday, December 6th. They set a “buy” rating and a $17.00 price target on the stock. Maxim Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Ellington Financial in a research note on Monday, October 9th. Deutsche Bank lowered their price target on shares of Ellington Financial from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, ValuEngine raised shares of Ellington Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $17.25.
Ellington Financial (EFC) opened at $15.01 on Friday. The company has a market cap of $478.91, a price-to-earnings ratio of 17.06 and a beta of 0.41. The company has a debt-to-equity ratio of 1.91, a quick ratio of 3.90 and a current ratio of 3.90. Ellington Financial has a 12-month low of $14.45 and a 12-month high of $17.00.
Large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. acquired a new stake in Ellington Financial in the 2nd quarter valued at about $216,000. Russell Investments Group Ltd. acquired a new stake in Ellington Financial in the 2nd quarter valued at about $219,000. Citadel Advisors LLC acquired a new stake in Ellington Financial in the 2nd quarter valued at about $277,000. Goldman Sachs Group Inc. acquired a new stake in Ellington Financial in the 2nd quarter valued at about $405,000. Finally, Virtu KCG Holdings LLC grew its stake in Ellington Financial by 254.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 44,243 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 31,768 shares during the last quarter. 45.70% of the stock is currently owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.93%. Ellington Financial’s dividend payout ratio (DPR) is presently 186.36%.
TRADEMARK VIOLATION NOTICE: This news story was first reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/ellington-financial-llc-to-post-fy2017-earnings-of-1-07-per-share-b-riley-forecasts-efc/1806412.html.
About Ellington Financial
Receive News & Ratings for Ellington Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Financial and related companies with Analyst Ratings Network's FREE daily email newsletter.