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

Orchid Island Capital (NYSE:ORC) is set to issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

NYSE:ORC opened at $5.84 on Tuesday. The firm has a 50 day simple moving average of $5.68 and a 200-day simple moving average of $6.23. The firm has a market cap of $324.55 million, a PE ratio of 4.23 and a beta of 0.48. Orchid Island Capital has a 1-year low of $5.04 and a 1-year high of $7.15.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 16.44%. The ex-dividend date is Friday, September 27th. Orchid Island Capital’s dividend payout ratio is presently 69.57%.

ORC has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, September 24th. ValuEngine raised shares of Orchid Island Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd.

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.

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Earnings History for Orchid Island Capital (NYSE:ORC)

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