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Ellington Financial (EFC)
NYSE:EFC
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 3.68%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong start to 2025, with Ellington Financial maintaining dividend coverage and successfully executing securitization deals. Despite some challenges in the Longbridge segment due to interest rate hedge losses and seasonal declines, the overall performance was positive with strong contributions from loan affiliates and securitization activities. The company is well-positioned for future opportunities amidst market volatility.Company Guidance
During the Ellington Financial First Quarter 2025 Earnings Conference Call, the company provided guidance on several key metrics. They reported a GAAP net income of $0.35 per share and adjusted distributable earnings (ADE) of $0.39 per share, which covered their dividends. The company's recourse leverage decreased to 1.7:1 from the previous year-end level of 1.8:1, with their total long Agency RMBS portfolio declining by 14% to $256 million. Book value per common share was reported at $13.44, and the total economic return for the first quarter was 9.5% annualized. Ellington Financial highlighted that, despite market volatility, their diversified portfolio and strategic moves like securitizations and asset sales positioned them well for ongoing growth. They also mentioned the addition of two new loan financing facilities and a 31% increase in their Longbridge portfolio, driven by proprietary reverse mortgage loan originations.Solid First Quarter Performance
Ellington Financial reported a GAAP net income of $0.35 per share and adjusted distributable earnings of $0.39 per share, continuing to cover dividends.
Successful Securitization Activity
Five new securitization deals were priced in the first quarter, securing long-term, non mark-to-market financing at attractive terms, and expanding the portfolio of high-yielding retained tranches.
Low Recourse Leverage
Maintained a low recourse leverage at 1.7:1, slightly lower than the year-end level of 1.8:1, due to significant securitization activity and opportunistic asset sales.
Positive Contribution from Loan Originator Affiliates
Non-QM originator affiliates, such as LendSure and American Heritage, provided a strong flow of products and profitability, contributing nicely to the bottom-line.
Progress in Commercial Mortgage Workouts
Notable progress was made on commercial mortgage workouts, with significant resolutions reducing negative carry assets and freeing up capital.
Increase in Credit Hedges
Built up credit hedges considerably, with corporate credit hedges alone representing a short position of over $450 million in high yield corporate bonds.
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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 |
|---|---|---|---|
May 07, 2025 | $12.78 | $12.94 | +1.25% |
Feb 27, 2025 | $12.91 | $14.07 | +8.99% |
Nov 06, 2024 | $11.32 | $11.69 | +3.27% |
Aug 06, 2024 | $11.11 | $11.47 | +3.24% |
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 Aug 06, 2025, TBA Not Confirmed.
What is Ellington Financial (EFC) earnings time?
Ellington Financial (EFC) earnings time is at Aug 06, 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 (Q2) is 0.4.
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