Ellington Credit Company EARN

4.26 0.09 2.16% as of 25 Sep
Market cap
$159.2M
P/E
13.9×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 159.17
Revenue 49.86
Net Income 3.96
Free Cash Flow 7.91
Net Debt 508.13
Current Ratio 0.14
Debt/Equity 2.91
P/E ratio 13.90
P/S ratio 1.97
P/B ratio 0.51
Past 5Y EPS Growth (31.00%)
This Y EPS Growth (3.12%)
Next Y EPS Growth 9.87%
Next 5Y EPS Growth (4.88%)
in millions of $

Dividends

Payout Ratio 8.00
Annual Dividend Rate 0.96
Annual Dividend Yield 16.81%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.96
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
2025 0.96
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
2024 0.96
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
2023 0.96
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
2022 1.04
0.10
0.10
0.10
0.10
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
2021 1.18
0.28
0.30
0.30
0.10
0.10
0.10
2020 1.12
0.28
0.28
0.28
0.28
2019 1.18
0.34
0.28
0.28
0.28
2018 1.45
0.37
0.37
0.37
0.34
2017 1.57
0.40
0.40
0.40
0.37
2016 1.65
0.45
0.40
0.40
0.40
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2021 2022 2023 2024
Cash 187 35 39 55
Receivables 5 37 56 22
Inventory — — — —
Other — — — —
191 72 94 76
2021 2022 2023 2024
Payables — — — —
ST’ Debt 1,065 842 730 563
Other — — — —
1,066 844 731 564
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 0.63% 2.61% 20.69%
Cash Flow (8.12%) (12.27%) (31.12%)
Earnings (8.59%) (21.61%) 0.00%
Book Value 1.72% 3.79% 7.90%

Revenue

Mar Jun Sep Dec Year
’26 — — — — —
’24 10 14 13 13 50
’23 9 10 11 12 43
’22 7 9 9 10 35
’21 7 10 5 6 28
’20 10 3 8 6 27
’19 13 12 10 9 44
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 — — — — —
’24 (1) 1 3 4 9
’23 (2) (4) (3) (2) (10)
’22 7 14 4 4 22
’21 7 15 7 6 28
’20 6 9 8 8 24
’19 5 9 4 4 18
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 — — — — —
’24 (1) 1 3 4 9
’23 (2) (4) (3) (2) (10)
’22 7 14 4 4 22
’21 7 15 7 6 28
’20 6 9 8 8 24
’19 5 9 4 4 18
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 — — — — —
’24 0.20 (0.04) 0.21 (0.07) 0.28
’23 0.17 0.09 (0.75) 0.75 0.31
’22 (1.33) (0.82) (1.04) 0.88 (2.29)
’21 0.01 (0.36) 0.07 (0.21) (0.50)
’20 (1.35) 1.73 0.66 0.60 1.63
’19 0.72 (0.01) 0.30 0.78 1.79
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
— 9.57 12.01 10.14 9.68 2.70 9.81 5.70 5.09 5.54

Analyst estimates 2025–2027

Powerpack
Low Price
— 14.43 15.74 12.13 12.14 13.30 13.92 11.07 8.15 7.26
High Price
— 160 160 150 150 150 170 170 170 160
Employees
— 0 0 0 0 0 0 0 0 0
Revenue/Emp
— 33 49 55 44 27 28 35 43 50
Revenue
— 92.57% 93.94% 94.79% 93.93% 90.19% 90.20% 93.83% 94.86% 94.17%
Gross Margin
— 12 11 (11) 22 20 (6) (30) 5 7
EBT
— 35.54% 21.93% (20.70%) 50.76% 73.62% (22.24%) (86.27%) 10.71% 14.23%
EBT Margin
— 12 11 (11) 22 20 (6) (30) 5 7
Net Income
— 16 9 10 15 14 8 2 1 4
Depreciation
— 3.67 4.24 4.26 3.52 2.21 2.24 2.66 2.86 2.11
Revenue/Sh
— 1.31 0.93 (0.88) 1.79 1.63 (0.50) (2.29) 0.31 0.28
Earnings/Sh
— 2.18 2.97 2.25 1.41 1.97 2.20 1.70 (0.67) 0.39
Cash Flow/Sh
— 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capex/Sh
— 2.18 2.97 2.25 1.41 1.97 2.20 1.70 (0.67) 0.39
Free CF/Sh
— 15.53 16.61 12.01 12.91 13.47 12.16 8.54 9.16 8.22
Book Value/Sh
— 9 12 13 12 12 13 13 15 24
Shares
— 10.13 13.02 0.00 6.06 7.95 0.00 0.00 23.27 22.07
PE Ratio
— 3.59 2.80 2.40 3.08 5.90 4.65 2.64 2.12 3.13
PS Ratio
— 0.85 0.71 0.85 0.84 0.97 0.85 0.82 0.66 0.81
PB Ratio
— 36.11 32.47 29.21 31.79 40.93 35.61 25.69 18.36 13.32
EV/Sales
— 39.32 24.55 42.65 62.54 37.36 29.24 30.69 (62.96) 84.00
EV/FCF
— 20 34 29 18 24 28 22 (10) 9
Op' Cash Flow
— — — — — — — — — —
Capex
— 20 34 29 18 24 28 22 (10) 9
FCF
— (1,052) (1,433) (1,384) (1,249) (954) (875) (771) (637) (488)
Working Cap'
— 1,198 1,597 1,482 1,296 1,015 1,065 842 730 563
Total Debt
— 1,089 1,460 1,463 1,259 957 878 807 691 508
Net Debt
— 142 193 154 161 166 154 112 136 194
Sh' Equity
— 0.80% 0.65% (0.63%) 1.41% 1.50% (0.45%) (2.28%) 0.46% 0.74%
ROA
— 0.98% 0.92% 0.64% 0.14% 0.64% 1.20% 1.02% (0.62%) 0.56%
ROIC
— 8.31% 6.45% (6.52%) 14.15% 12.29% (3.94%) (22.65%) 3.67% 3.99%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2024 · latest quarter Dec 2024

Ellington Credit Company (EARN) key facts

  • Ellington Credit Company (EARN) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
  • Ellington Credit Company’s revenue for fiscal 2024 (year ended December 2024) was $49.9 million, up 17.2% from fiscal 2023.
  • As of September 25, 2026, EARN traded at $4.26, a market capitalization of $159.2 million.
  • Ellington Credit Company pays an annual dividend of $0.96 per share, a yield of 16.8%.
  • Return on equity was 3.99% and debt-to-equity 2.91.

Source: company filings (standardised) and stockrow calculations.

Ellington Credit Company (EARN) Latest News

News by impact score

Fine-tune

13 Aug

3 transcript

Ellington Credit Company Q2 earnings call highlights key financial results, portfolio performance, dividend outlook and market positioning updates. Q2 earnings highlights deliver financial and outlook updates that moderately shape near-term investor views and stock movement.

3

Ellington Credit Company (EARN) Q1 2027 earnings call outlined quarterly results, portfolio performance, and management outlook for the mortgage REIT. Quarterly earnings data directly informs near-term investor sentiment and valuation for EARN.

12 Aug

3

Ellington Credit Company reported financial results for the fiscal quarter ended June 30, 2026. Quarterly earnings release supplies performance data that can shift near-term valuation and sentiment.

20 May

3 transcript

Ellington Credit Company held its Q1 earnings call, covering financial results, portfolio performance, net interest income trends, book value movements, and forward strategy amid current market conditions. Q1 earnings call provides updated financial metrics and guidance that can moderately shift near-term investor sentiment and valuation.

3

Ellington Credit Company reported its financial results for the three-month period ending March 31, 2025, highlighting key metrics and performance indicators. The report includes details on revenue, net income, and asset management strategies, reflecting the company's operational effectiveness and market positioning during the quarter. The financial results indicate moderate changes in performance metrics that could influence investor sentiment and operational strategies.

19 May

3

Ellington Credit Company announced financial results for the fourth fiscal quarter ended March 31, 2026. Quarterly financial results release key performance metrics that typically influence near-term stock valuation and sentiment.

31 Mar

4

Ellington Credit Company (EARN) closed its offering of unsecured notes. Closing the unsecured notes offering provides EARN with fresh capital, significantly enhancing its liquidity and influencing future market performance.

25 Mar

4

Ellington Credit Company (EARN) prices offering of unsecured notes. Pricing unsecured notes enables capital raising that significantly impacts debt structure, liquidity, and market performance.

4

Ellington Credit Company (EARN) announces an offering of unsecured notes. Unsecured notes offering represents major debt financing to bolster liquidity and fund operations.

6 Mar

4

Ellington Credit Company (EARN) Q4 earnings call highlights key quarterly financial results, performance metrics, and forward-looking guidance. Q4 earnings call highlights provide critical insights into financial health and strategy, significantly influencing EARN's stock performance and investor outlook.

5 Mar

4

Ellington Credit Company (EARN) released Q4 2025 earnings call summary detailing financial performance, portfolio updates, and future outlook. Q4 earnings call summaries disclose financial results, dividend declarations, and guidance that significantly shape investor expectations and stock performance.

4 Mar

4

Ellington Credit Company (EARN) announced financial results for the third fiscal quarter ended December 31, 2025. Quarterly financial results announcements directly impact investor sentiment, stock price, and future performance expectations for EARN.

9 Dec

4

Ellington Credit Company (EARN) has been upgraded to a 'Buy' rating by analysts, reflecting positive sentiment regarding its financial performance and growth potential. Factors contributing to this upgrade include strong earnings reports, favorable market conditions, and strategic initiatives that position the company for future success. Investors are encouraged to consider EARN as a viable investment opportunity based on these developments. The upgrade to a 'Buy' rating indicates significant positive sentiment and potential for improved market performance.

4

Ellington Credit Company plans to hold a special meeting in early 2025 to convert to a closed-end fund focused on corporate CLO investments. They issued mirror preferred stock to amplify the vote of common shareholders. The conversion to a closed-end fund and the issuance of mirror preferred stock are significant strategic moves that could fundamentally alter the company's trajectory and investor sentiment.

19 Nov

4

Ellington Credit Company (EARN) reported Q3 earnings and revenues that exceeded analysts' estimates, showcasing strong financial performance. The company attributed this success to effective asset management and favorable market conditions. Investors reacted positively to the news, reflecting increased confidence in EARN's operational strategies and future growth potential. Strong earnings performance and revenue growth are likely to significantly enhance investor sentiment and the company's market position.

3

Ellington Credit Company reported its financial results for the second fiscal quarter ended September 30, 2025, highlighting key metrics such as revenue, net income, and asset performance. The company noted improvements in its investment portfolio and provided insights into its strategic initiatives aimed at enhancing shareholder value. Management expressed optimism about future growth prospects and outlined plans for continued investment in high-quality assets. The financial results indicate moderate improvements that may positively influence investor sentiment and operational performance.

21 Aug

4 transcript

Ellington Credit Company (EARN) reported strong economic returns in its Q1 2025 earnings call, highlighting significant performance in collateralized loan obligations (CLOs). The company emphasized its strategic positioning and robust financial metrics, indicating a positive outlook for future growth. Management discussed ongoing initiatives aimed at enhancing operational efficiency and capitalizing on market opportunities, reinforcing investor confidence. Strong economic returns and strategic initiatives are likely to significantly impact future performance and investor sentiment.

20 Aug

3

Ellington Credit Company (EARN) reported its Q2 earnings, highlighting key financial metrics and performance indicators. The company experienced fluctuations in its net income and adjusted earnings per share, reflecting market conditions and operational challenges. Investors are analyzing these results to gauge future performance and strategic direction. Earnings results indicate moderate influence on financial performance and investor sentiment.

19 Aug

3

Ellington Credit Company reported its financial results for the first fiscal quarter ended June 30, 2025, highlighting key metrics such as revenue, net income, and asset performance. The company noted improvements in its investment portfolio and strategic initiatives aimed at enhancing shareholder value. Management expressed optimism about future growth prospects and ongoing market conditions. The financial results indicate moderate improvements that may influence investor sentiment and operational aspects but are not expected to drastically change the company's trajectory.

4 Aug

3

Ellington Credit Company (EARN) is expected to report a decline in Q2 earnings, reflecting challenges in the current market environment. Analysts anticipate that the company's financial performance will be negatively impacted due to various economic factors, leading to a cautious outlook among investors. A decline in earnings is likely to moderately influence investor sentiment and financial performance.

5 Apr

3

Ellington Credit Company (EARN) faces pressure as both institutional and individual investors experience a 19% loss in holdings value. Individual investors hold 59% of the company, while institutions own 19%. The top 25 shareholders control less than half of the shares, indicating no dominant shareholder. Insiders own $2.5 million worth of stock in the $192 million company, suggesting some alignment with shareholders. Despite institutional ownership indicating credibility, the lack of a dominant shareholder and significant losses raise concerns about future performance. The significant losses among individual investors and the lack of a dominant shareholder may moderately influence the company's future performance.

1 Apr

4

Ellington Credit Company (NYSE: EARN) will ring the closing bell at the New York Stock Exchange on April 2, 2025, to celebrate its conversion to a closed-end fund focused on corporate collateralized loan obligation (CLO) investments. This event also marks the 30-year anniversary of Ellington Management Group, the parent company of EARN’s investment adviser. The Fund aims to provide attractive yields and risk-adjusted returns by investing primarily in CLOs, benefiting from Ellington’s expertise in portfolio management and credit analysis. The conversion to a closed-end fund and the celebration of a significant anniversary are likely to enhance investor sentiment and strategic positioning.

4

Ellington Credit Company (NYSE: EARN) has completed its conversion to a Delaware-domiciled closed-end fund registered under the Investment Company Act of 1940. Following this conversion, the Fund plans to sell its remaining Agency MBS pools, acquire additional corporate collateralized loan obligations (CLOs), and operate as a Regulated Investment Company (RIC) under U.S. federal tax law. The Fund will also change its fiscal and tax year to end on March 31. The conversion to a closed-end fund and the strategic shift in investment focus are significant moves that could alter the company's trajectory and investor sentiment.

20 Mar

3

Ellington Credit Company (EARN) has confirmed that the conversion date for its preferred shares will be April 1. This announcement is significant for investors and stakeholders as it marks a key date for the company's capital structure adjustments. The confirmed conversion date may moderately influence investor sentiment and the company's financial performance.

12 Mar

3

Ellington Credit Company (EARN) reported its fourth quarter 2024 financial results, highlighting key metrics such as net income, earnings per share, and changes in its investment portfolio. The company noted fluctuations in market conditions and their impact on performance, while also discussing strategic initiatives aimed at enhancing future growth. Management provided insights into operational adjustments and market outlook, emphasizing a commitment to shareholder value. Financial performance and strategic initiatives may moderately influence the company's trajectory.

7 Mar

4

Ellington Credit Company (NYSE: EARN) announced a monthly common dividend of $0.08 per share, payable on April 25, 2025, to shareholders of record as of March 31, 2025. The company has undergone a strategic transformation, shifting its focus from residential mortgage-backed securities to corporate collateralized loan obligations (CLOs) and has revoked its REIT status. Shareholders approved the conversion to a Delaware registered closed-end fund to be treated as a regulated investment company, expected to be completed by April 1, 2025. The strategic transformation and conversion to a closed-end fund are significant moves that could alter the company's trajectory and investor sentiment.

27 Feb

3

Ellington Credit Company (NYSE: EARN) announced it will release its financial results for Q4 2024 on March 12, 2025, after market close. A conference call to discuss these results is scheduled for March 13, 2025, at 11:00 a.m. ET. Investors can participate via telephone or listen to a live webcast on the company's website. A replay of the call will be available from March 13 to March 20, 2025. An investor presentation will also be posted on the website after the earnings release. The company recently transformed its investment strategy and revoked its REIT status, with a conversion to a Delaware registered closed-end fund expected by April 1, 2025. The upcoming earnings release and strategic transformation may moderately influence financial performance and investor sentiment.

3 Feb

4

Ellington Credit Company (EARN) reported preliminary fourth quarter 2024 results, estimating book value per share between $6.52 and $6.54, with a net loss per share ranging from $(0.08) to $(0.06). Adjusted Distributable Earnings are estimated at $0.26 to $0.28 per share. Total shareholders’ equity is projected at $195 million, with CLO and MBS portfolios increasing to approximately $170 million and $510 million, respectively. The company plans to convert to a closed-end fund by April 1, 2025, focusing on corporate CLO investments. These results are preliminary and subject to change, with no assurance of future performance. The conversion was approved by shareholders in January 2025. The conversion to a closed-end fund and strategic shift towards CLO investments are significant moves that could alter the company's trajectory.

31 Jan

3

Ellington Credit Company (EARN) has announced the income tax treatment of its 2024 distributions, providing clarity on how these distributions will be taxed for shareholders. This announcement is crucial for investors as it impacts their tax liabilities and investment decisions regarding EARN's distributions. The tax treatment of distributions can moderately influence investor sentiment and financial performance.

21 Jan

4

Ellington Credit Company (EARN) has received shareholder approval to convert into a closed-end fund focused on collateralized loan obligations (CLOs). This strategic move aims to enhance the company's investment capabilities and align its structure with its investment strategy. The conversion is expected to provide greater flexibility in managing assets and potentially improve returns for shareholders. The conversion to a CLO closed-end fund is a significant strategic shift that could enhance investment flexibility and returns.

stockrow.com/EARN · Data as of Dec 31, 2024 · For information only; not investment advice. · © 2026 stockrow.com