Orchid Island Capital (NYSE:ORC) Updates Q3 2024 Earnings Guidance

Orchid Island Capital (NYSE:ORC) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.050–0.050 for the period, compared to the consensus EPS estimate of -0.070. The company issued revenue guidance of -.

Orchid Island Capital Stock Up 1.2 %

Orchid Island Capital stock opened at $8.16 on Friday. The business has a 50 day moving average price of $8.11 and a two-hundred day moving average price of $8.32. Orchid Island Capital has a 12 month low of $5.90 and a 12 month high of $9.08. The stock has a market cap of $582.13 million, a price-to-earnings ratio of -9.38 and a beta of 1.85.

Orchid Island Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 17.65%. Orchid Island Capital’s dividend payout ratio (DPR) is presently -165.52%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a report on Wednesday, August 28th.

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 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.