Orchid Island Capital (ORC) to Release Quarterly Earnings on Thursday

Orchid Island Capital (NYSE:ORC) is anticipated to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $4,236.50 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Orchid Island Capital Trading Down 0.2 %

Shares of ORC opened at $7.91 on Tuesday. The business’s 50-day moving average price is $7.89 and its 200 day moving average price is $8.02. The stock has a market capitalization of $631.85 million, a P/E ratio of 7.54 and a beta of 1.82. Orchid Island Capital has a 1-year low of $7.41 and a 1-year high of $9.08.

Orchid Island Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, January 31st will be paid a $0.12 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.44 dividend on an annualized basis and a yield of 18.20%. Orchid Island Capital’s dividend payout ratio is currently 137.14%.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

About Orchid Island Capital

Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.