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Orchid Island Capital (ORC)
NYSE:ORC
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.13Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 6.52%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call demonstrates improved financial metrics, such as net income and total return, but also highlights challenges like book value decline, market uncertainty, and funding pressures. The positive financial results are overshadowed by significant risks and uncertainties in the market.Company Guidance
During the third quarter 2024 earnings call, Orchid Island Capital's CEO, Robert Cauley, reported a net income of $0.24 per share, a significant improvement from a $0.09 loss in the previous quarter. The book value saw a slight decline from $8.58 to $8.40, while the total return for the quarter was a positive 2.1%, not annualized. The company declared three $0.12 dividends during this period. The discussion highlighted an expansion in the leverage ratio, primarily due to changes in short TBA positions and a minor book-value decline. Prepayment speeds increased from 7.6% to 8.8% with a rally in rates, and liquidity remained relatively stable. Orchid Island Capital raised $110 million through its ATM program, which resulted in a 20% increase in their share count and portfolio. The portfolio's average coupon rose by 22 basis points to 4.94%, and the yield expanded by 38 basis points to 5.43%. The call emphasized the company's strategic positioning against market uncertainties and anticipated bear steepening risks, with a focus on maintaining a high dividend yield while potentially reducing leverage.Improved Net Income
Orchid Island Capital reported a net income of $0.24 per share for Q3 2024, significantly improving from a $0.09 loss in Q2.
Positive Total Return
The company achieved a positive total return of 2.1% for the quarter, not annualized.
Higher Coupon Mortgage Acquisition
The company raised $110 million through ATM, increasing the share count by 20% and deploying proceeds into higher coupon mortgages, with an average coupon rising from 4.72% to 4.94%.
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ORC 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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ORC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $7.52 | $7.55 | +0.40% |
| Jul 25, 2024 | $7.55 | $7.53 | -0.26% |
| Apr 25, 2024 | $7.35 | $7.64 | +3.95% |
| Feb 01, 2024 | $7.04 | $7.31 | +3.84% |
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 Orchid Island Capital (ORC) report earnings?
Orchid Island Capital (ORC) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Orchid Island Capital (ORC) earnings time?
Orchid Island Capital (ORC) earnings time is at Jan 30, 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 ORC EPS forecast?
ORC EPS forecast for the fiscal quarter 2024 (Q4) is >-0.01.
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