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Ellington Financial (EFC)
NYSE:EFC
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.28Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 1.44%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Ellington Financial delivered strong performance in Q4 and 2024, with significant growth in its loan and securitization portfolios, improved financing costs, and notable success in the Longbridge segment. However, challenges in the commercial mortgage sector and rising non-QM delinquencies present areas of concern. Overall, the positive achievements slightly outweigh the negative issues.Company Guidance
During the Ellington Financial Fourth Quarter 2024 Earnings Conference Call, the company reported strong financial performance, with net income at $0.25 per share and adjusted distributable earnings (ADE) rising by $0.05 sequentially to $0.45 per share, covering the quarterly dividend of $0.39 per share. The company's credit portfolio grew by 39%, driven by expansions in their HELOC, proprietary reverse, and commercial mortgage bridge loans. They completed four securitizations, including two non-QM deals and their first closed-end second lien loan securitization, capitalizing on tight securitization spreads. Ellington also reduced its borrowing costs, with a 56 basis point decrease in the weighted average borrowing rate and an unchanged recourse debt-to-equity ratio of 1.8 to 1. Book value per share stood at $13.52, and the total economic return for the quarter was 1.8%. The company emphasized its strategic use of securitizations and diversification across asset types and credit hedges as core competitive advantages.Strong Q4 and 2024 Performance
Ellington Financial reported net income of $0.25 per share and adjusted distributable earnings of $0.45 per share in Q4, comfortably covering quarterly dividends. The year was capped with a 25% growth in the credit portfolio and strong performance from Longbridge.
Loan Portfolio and Securitization Growth
The company's credit portfolio grew by 39% in the fourth quarter, with significant contributions from proprietary reverse mortgages and commercial mortgage bridge loans. Four securitizations were completed in Q4, marking a new high in activity for the company.
Improved Financing and Cost Management
Ellington Financial strengthened its liability side by executing securitizations, improving warehouse lines, and redeeming high-cost debt. The total weighted average borrowing rate on recourse borrowings decreased by 56 basis points to 6.21%.
Longbridge Segment Success
The Longbridge segment saw a significant increase in originations, with volumes up 18% sequentially, contributing to a strong financial performance.
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EFC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $13.17 | $14.35 | +8.96% |
| Nov 06, 2024 | $11.55 | $11.92 | +3.20% |
| Aug 06, 2024 | $11.33 | $11.70 | +3.27% |
| May 07, 2024 | $10.48 | $10.59 | +1.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ellington Financial (EFC) report earnings?
Ellington Financial (EFC) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Ellington Financial (EFC) earnings time?
Ellington Financial (EFC) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EFC EPS forecast?
EFC EPS forecast for the fiscal quarter 2025 (Q1) is 0.38.
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