Orchid Island Capital (ORC) to Release Earnings on Thursday

Orchid Island Capital (NYSE:ORC) will likely be posting its quarterly earnings results after the market closes on Thursday, April 24th. Analysts expect Orchid Island Capital to post earnings of $0.02 per share and revenue of $11.96 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. On average, analysts expect Orchid Island Capital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Orchid Island Capital Stock Performance

NYSE ORC opened at $6.40 on Thursday. Orchid Island Capital has a one year low of $5.69 and a one year high of $9.01. The stock has a 50-day moving average of $7.87 and a 200 day moving average of $7.89. The company has a market capitalization of $597.08 million, a price-to-earnings ratio of 10.67 and a beta of 1.68.

Orchid Island Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Wednesday, April 30th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 22.50%. Orchid Island Capital’s dividend payout ratio is presently 240.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ORC shares. JMP Securities restated a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd. StockNews.com downgraded Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th.

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.