earnings
confidence high
sentiment negative
materiality 0.70
Ellington Financial Q3 net loss $0.55/share; Adj. Distributable Earnings $0.44/share
Ellington Financial Inc.
2022-Q3 EPS reported
-$1.82
- Net loss of $(33.3)M ($0.55/share); Adjusted Distributable Earnings $26.5M ($0.44/share).
- Book value per share $15.22 (incl. $0.45 dividends); monthly dividend $0.15 declared.
- Credit strategy gross loss $(11.3)M; Agency strategy gross loss $(10.7)M.
- Closed acquisition of remaining half of Longbridge Financial for $38.9M after quarter end.
- Debt-to-equity ratio 4.1:1; cash and equivalents $175.2M.