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

Orchid Island Capital (NYSE:ORC) is set to announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Orchid Island Capital Price Performance

Orchid Island Capital stock opened at $8.03 on Thursday. Orchid Island Capital has a 12 month low of $5.90 and a 12 month high of $9.08. The company has a market cap of $425.12 million, a price-to-earnings ratio of -15.14 and a beta of 1.85. The stock’s 50-day moving average is $8.11 and its 200-day moving average is $8.33.

Orchid Island Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 17.94%. The ex-dividend date of this dividend is Monday, September 30th. Orchid Island Capital’s payout ratio is currently -271.70%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated 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.