Ellington Residential Mortgage REIT (EARN) Misses Q3 EPS by 2c

Ellington Residential Mortgage REIT (NYSE: EARN) reported Q3 EPS of $0.32, $0.02 worse than the analyst estimate of $0.34.

• Net income of $0.9 million, or $0.07 per share.
• Core Earnings1 of $3.7 million, or $0.29 per share, and Adjusted Core Earnings1 of $4.1 million, or $0.32 per share.
• Book value of $13.40 per share as of September 30, 2018, after giving effect to a third quarter dividend of $0.37 per share.
• Net interest margin of 1.02%, and adjusted net interest margin2 of 1.12%.
• Weighted average constant prepayment rate for the fixed-rate Agency specified pool portfolio of 8.36%.
• Dividend yield of 14.1% based on the November 2, 2018 closing stock price of $10.48.
• Debt-to-equity ratio of 8.8:1 as of September 30, 2018; adjusted for unsettled purchases and sales, the debt-to-equity ratio was 8.7:1.
• Net mortgage assets-to-equity ratio of 7.9:13 as of September 30, 2018

For earnings history and earnings-related data on Ellington Residential Mortgage REIT (EARN) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Ridgepost Capital acquires Stellus Capital Management for $4B AUM
• Primoris cuts 2026 outlook on renewables cost overruns, COO exits