Ellington Residential Financials

EARN Stock  USD 6.65  0.08  1.22%   
Based on the analysis of Ellington Residential's profitability, liquidity, and operating efficiency, Ellington Residential Mortgage may be sliding down financialy. It has an above-average odds of going through some form of financial crisis next quarter. At this time, Ellington Residential's Total Current Assets are very stable compared to the past year. As of the 22nd of November 2024, Short and Long Term Debt Total is likely to grow to about 954.1 M, though Other Current Liabilities is likely to grow to (11.5 M). Key indicators impacting Ellington Residential's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio6.967.3301
Notably Down
Very volatile
Investors should never underestimate Ellington Residential's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Ellington Residential's cash flow, debt, and profitability to make informed and accurate decisions about investing in Ellington Residential Mortgage.

Net Income

2.63 Million

  
Understanding current and past Ellington Residential Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Ellington Residential's financial statements are interrelated, with each one affecting the others. For example, an increase in Ellington Residential's assets may result in an increase in income on the income statement.

Ellington Residential Stock Summary

Ellington Residential competes with Dynex Capital, Orchid Island, ARMOUR Residential, Ready Capital, and Ellington Financial. Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut. Ellington Residential is traded on New York Stock Exchange in the United States.
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS2885781078
CUSIP288578107
LocationConnecticut; U.S.A
Business Address53 Forest Avenue,
SectorMortgage Real Estate Investment Trusts (REITs)
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.ellingtoncredit.com
Phone203 698 1200
CurrencyUSD - US Dollar

Ellington Residential Key Financial Ratios

Ellington Residential Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.2B1.6B1.1B945.7M1.5B
Other Current Liab(3.8M)(1.5M)(2.8M)(50.4M)(12.1M)(11.5M)
Net Debt1.3B957.1M995.8M807.6M(38.5M)(36.6M)
Retained Earnings(69.6M)(63.3M)(84.8M)(128.7M)(138.6M)(131.7M)
Cash35.4M58.2M69.0M34.8M38.5M45.6M
Other Assets6.9M3.1M124.6M69.7M(666.5M)(633.1M)
Net Receivables45.1M51.9M93.2M55.6M58.9M60.5M
Total Liab3.8M1.5M2.8M941.2M809.5M691.8M
Total Current Assets80.5M110.1M162.2M90.4M97.4M104.9M
Common Stock125K124K123K131K186K122.8K
Net Tangible Assets160.8M166.4M154.2M112.4M101.2M124.6M
Accounts Payable3.8M1.5M2.8M50.4M12.1M11.0M
Long Term Debt2.0M6.6M1.1M3.1M3.6M4.3M
Long Term Debt Total2.0M6.6M1.1M3.1M3.6M4.8M
Capital Surpluse230.4M229.6M238.9M240.9M277.1M238.8M
Other Current Assets(80.5M)(110.1M)(162.2M)(90.4M)(97.4M)(102.3M)
Short Term Debt1.3B1.0B1.1B842.5M729.5M942.4M
Capital Stock124K123K131K134K186K150.9K

Ellington Residential Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense35.3M10.0M2.7M14.8M45.3M47.5M
Total Revenue27.5M25.9M(557K)20.2M(2.7M)(2.6M)
Gross Profit26.2M24.6M(1.9M)18.8M(4.5M)(4.3M)
Operating Income22.3M20.1M(6.3M)(15.4M)(4.1M)(3.9M)
Ebit22.3M20.1M(6.3M)(15.4M)(4.1M)(3.9M)
Ebitda22.3M34.4M(6.3M)(13.1M)49.8M52.3M
Cost Of Revenue1.3M1.3M1.3M1.4M1.8M1.4M
Income Before Tax22.3M20.1M(6.3M)(30.2M)4.6M2.6M
Net Income22.3M20.1M(6.3M)(30.2M)4.6M2.6M
Income Tax Expense(2.4M)(59K)(6.3M)79.5M(5.6M)(5.3M)
Interest Income43.8M27.3M28.4M35.0M40.6M30.4M
Net Interest Income8.6M17.4M25.6M20.2M(634K)(602.3K)

Ellington Residential Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash16.8M22.8M10.9M(34.2M)3.7M6.2M
Free Cash Flow17.5M24.4M27.9M22.4M(10.0M)(9.5M)
Other Non Cash Items(4.1M)5.7M33.7M45.3M(11.9M)(11.3M)
Net Income22.3M20.1M(6.3M)(30.2M)4.6M4.8M
End Period Cash Flow35.4M58.2M69.0M34.8M38.5M36.8M
Investments214.3M317.6M99.9M(53.1M)120.8M126.9M
Change Receivables591K902K(390K)1.2M1.4M1.4M
Net Borrowings(185.3M)(281.0M)49.6M(222.4M)(200.1M)(190.1M)
Depreciation14.9M14.3M7.5M2.3M2.6M2.5M
Dividends Paid15.5M13.8M17.3M13.9M14.1M17.2M
Change To Netincome(57.7M)5.9M23.9M94.6M108.7M114.2M

Ellington Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Ellington Residential's current stock value. Our valuation model uses many indicators to compare Ellington Residential value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ellington Residential competition to find correlations between indicators driving Ellington Residential's intrinsic value. More Info.
Ellington Residential Mortgage is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about  0.17  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Ellington Residential Mortgage is roughly  5.98 . At this time, Ellington Residential's Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ellington Residential's earnings, one of the primary drivers of an investment's value.

Ellington Residential Systematic Risk

Ellington Residential's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ellington Residential volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Ellington Residential correlated with the market. If Beta is less than 0 Ellington Residential generally moves in the opposite direction as compared to the market. If Ellington Residential Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ellington Residential is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ellington Residential is generally in the same direction as the market. If Beta > 1 Ellington Residential moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Ellington Residential Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Ellington Residential's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Ellington Residential growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.18)

At this time, Ellington Residential's Price Earnings To Growth Ratio is very stable compared to the past year.

Ellington Residential November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Ellington Residential help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ellington Residential Mortgage. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ellington Residential Mortgage based on widely used predictive technical indicators. In general, we focus on analyzing Ellington Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ellington Residential's daily price indicators and compare them against related drivers.
When determining whether Ellington Residential offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Residential's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ellington Residential Mortgage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Residential Mortgage Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Mortgage Real Estate Investment Trusts (REITs) space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ellington Residential. If investors know Ellington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ellington Residential listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.185
Dividend Share
0.96
Earnings Share
1.25
Revenue Per Share
(0.92)
Quarterly Revenue Growth
(0.78)
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.