Ellington Financial LLC (EFC) Forecasted to Post Q1 2018 Earnings of $0.32 Per Share

Ellington Financial LLC (NYSE:EFC) – Equities research analysts at FBR & Co issued their Q1 2018 earnings estimates for shares of Ellington Financial in a research note issued on Monday. FBR & Co analyst J. Levi-Ribner forecasts that the financial services provider will post earnings of $0.32 per share for the quarter. FBR & Co also issued estimates for Ellington Financial’s Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.37 EPS and Q4 2018 earnings at $0.39 EPS.

EFC has been the topic of several other reports. Maxim Group reissued a “buy” rating and set a $20.00 price target on shares of Ellington Financial in a research report on Monday, October 9th. Zacks Investment Research raised Ellington Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. BidaskClub lowered Ellington Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, ValuEngine raised Ellington Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Ellington Financial currently has an average rating of “Hold” and an average target price of $18.75.

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Shares of Ellington Financial (NYSE EFC) traded up 0.13% during trading on Wednesday, reaching $15.44. 66,138 shares of the company’s stock traded hands. The company has a 50 day moving average price of $15.64 and a 200 day moving average price of $16.18. Ellington Financial has a 1-year low of $15.30 and a 1-year high of $17.00. The stock has a market capitalization of $495.81 million, a PE ratio of 22.67 and a beta of 0.43.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.06). The company had revenue of $22.66 million during the quarter, compared to analysts’ expectations of $21.82 million. Ellington Financial had a net margin of 26.67% and a return on equity of 5.48%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share.

Several hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in Ellington Financial by 24.0% during the 2nd quarter. FMR LLC now owns 1,522,518 shares of the financial services provider’s stock worth $24,680,000 after buying an additional 294,734 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Ellington Financial during the 2nd quarter worth $1,245,000. HighTower Advisors LLC bought a new position in Ellington Financial during the 2nd quarter worth $1,003,000. Acadian Asset Management LLC grew its stake in Ellington Financial by 319.4% during the 2nd quarter. Acadian Asset Management LLC now owns 78,507 shares of the financial services provider’s stock worth $1,272,000 after buying an additional 59,788 shares during the last quarter. Finally, Virtu KCG Holdings LLC grew its stake in Ellington Financial by 254.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 44,243 shares of the financial services provider’s stock worth $717,000 after buying an additional 31,768 shares during the last quarter. 50.27% of the stock is currently owned by institutional investors and hedge funds.

About Ellington Financial

Earnings History and Estimates for Ellington Financial (NYSE:EFC)

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