Ellington Financial Inc (NYSE: EFC) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.18 versus $0.37 for the same period a year ago — a decline of -51%. This result fell short of the consensus estimate of $0.40 by $-0.22. For the latest four quarters through December 31, E.P.S. were $0.89 versus $-1.43 for the same period a year ago.
Recent Price Action
Ellington Financial Inc (NYSE: EFC) stock declined slightly by -0.8% on 2/26/24. The stock closed at $12.06. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -1.1% during the last week.
Current PriceTarget Research Rating
EFC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Ellington Financial has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ellington Financial has a good Appreciation Score of 74 but a neutral Power Rating of 47, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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