Ellington Financial (EFC) Tops Q3 EPS by 10c

Ellington Financial (NYSE: EFC) reported Q3 EPS of $0.53, $0.10 better than the analyst estimate of $0.43.

• Net income of $17.3 million, or $0.53 per basic and diluted share.
• Book value per share as of September 30, 2019 of $18.81, including the effect of dividends of $0.42 per share and a common equity offering completed during the quarter.
• Credit strategy gross income of $18.6 million for the quarter, or $0.55 per share.
• Agency strategy gross income of $4.1 million for the quarter, or $0.12 per share.
• Core Earnings1 of $15.4 million, or $0.47 per share.
• Dividend yield of 9.2% based on the November 5, 2019 closing stock price of $18.23 per share.
• Debt-to-equity ratio of 4.0:1 and total recourse debt-to-equity ratio of 2.9:12 as of September 30, 2019.
• Issued 4.025 million shares of common stock through a follow-on common equity offering, increasing our total equity by $69.8 million, or approximately 12%.

For earnings history and earnings-related data on Ellington Financial (EFC) click here.

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