Orchid Island Capital (ORC) Scheduled to Post Earnings on Friday

Orchid Island Capital (NYSE:ORC) is set to release its earnings data on Friday, April 27th. Analysts expect Orchid Island Capital to post earnings of $0.35 per share for the quarter.

Orchid Island Capital (NYSE:ORC) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter. On average, analysts expect Orchid Island Capital to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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NYSE ORC opened at $7.47 on Wednesday. The stock has a market capitalization of $394.50, a P/E ratio of 9.17 and a beta of 0.31. Orchid Island Capital has a 1 year low of $6.77 and a 1 year high of $11.13.

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 10th. Investors of record on Monday, April 30th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $1.08 annualized dividend and a dividend yield of 14.46%. Orchid Island Capital’s payout ratio is presently 128.57%.

Orchid Island Capital announced that its board has initiated a stock buyback program on Thursday, February 8th that allows the company to repurchase 4,520,000 outstanding shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Several research firms have weighed in on ORC. Zacks Investment Research raised Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, April 17th. ValuEngine cut Orchid Island Capital from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st.

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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.

Earnings History for Orchid Island Capital (NYSE:ORC)

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