Orchid Island Capital Inc. (ORC)
Orchid Island Capital: Q2 Earnings Show No Signs Of Turning Around
Orchid Island Capital reported a net loss of 9 cents per share, with book value dropping from $9.12 to $8.58 and a total return margin of -1.97%. The company's high leverage, share dilution, and overpaying in dividends have led to consistent losses and underperformance for investors. Despite claims of sustainable dividends based on "Adjusted Economic Income per Share," the long-term history of dividend cuts and poor performance make investing in ORC stock risky.
Orchid Island Capital, Inc. (ORC) Q2 2024 Earnings Call Transcript
Orchid Island Capital, Inc. (NYSE:ORC ) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Robert Cauley - Chairman and CEO Hunter Haas - CFO Conference Call Participants Jason Stewart - Janney Eric Hagen - BTIG. Mikhail Goberman - Citizens Christopher Nolan - Ladenberg Thalman Jim Fowler - Kingsbarn Capital Operator Hello, good morning and welcome to the Second Quarter 2024 Earnings Conference Call of Orchid Island Capital.
Assessing Orchid Island's Performance For Q2 2024
Orchid Island Capital, Inc.'s BV matched my/our expectations (well within range; only a $0.02 per share variance). ORC's core earnings equivalent also matched expectations (less than a $0.005 per share variance). No surprises. No change in Orchid Island Capital's percentage recommendation ranges or risk/performance rating. ORC is currently deemed modestly overvalued (SELL). A modest-notable pullback would first need to occur before considering a purchase. Orchid Island Capital's modest BV decrease will likely be slightly more severe than most sub-sector peers. I want to see continued improvement in the company's core earnings equivalent metric before an upgrade.
Want $2000 Per Month In Passive Income? Invest $30,000 In These Stocks
Name: Yield: Monthly Dividend income Orchid Island Capital (NYSE: ORC) 17.06% $426.50 AGNC Investment Corp.
