Orchid Island Capital (ORC) Set to Announce Earnings on Thursday

Posted by on Feb 14th, 2019

Share on StockTwits

Orchid Island Capital (NYSE:ORC) is set to issue its Q4 quarterly earnings data after the market closes on Thursday, February 21st. Analysts expect the company to announce earnings of $0.33 per share for the quarter.

Shares of ORC stock opened at $7.10 on Thursday. The company has a market cap of $346.47 million, a price-to-earnings ratio of 8.45 and a beta of 0.43. Orchid Island Capital has a 12-month low of $5.83 and a 12-month high of $8.35.

The business also recently disclosed a monthly dividend, which was paid on Friday, February 8th. Shareholders of record on Thursday, January 31st were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, January 30th. This represents a $0.96 annualized dividend and a yield of 13.52%. Orchid Island Capital’s dividend payout ratio (DPR) is presently 114.29%.

ORC has been the subject of several research reports. LADENBURG THALM/SH SH downgraded shares of Orchid Island Capital from a “buy” rating to a “neutral” rating in a research report on Friday, October 26th. ValuEngine upgraded shares of Orchid Island Capital from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research upgraded shares of Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Macon Daily and is the sole property of of Macon Daily. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://macondaily.com/2019/02/14/orchid-island-capital-orc-set-to-announce-earnings-on-thursday.html.

Orchid Island Capital Company Profile

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

Featured Story: How Short Selling Works

Earnings History for Orchid Island Capital (NYSE:ORC)

Receive News & Ratings for Orchid Island Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchid Island Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply