EAGLE POINT CR/COM (NYSE:ECC) is set to post its quarterly earnings results before the market opens on Thursday, February 21st. Analysts expect EAGLE POINT CR/COM to post earnings of $0.42 per share for the quarter.
EAGLE POINT CR/COM (NYSE:ECC) last posted its quarterly earnings data on Wednesday, November 14th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.09). The firm had revenue of $17.54 million for the quarter, compared to analysts’ expectations of $18.00 million. On average, analysts expect EAGLE POINT CR/COM to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
ECC opened at $15.97 on Thursday. EAGLE POINT CR/COM has a 52-week low of $12.16 and a 52-week high of $19.00. The stock has a market cap of $300.48 million, a PE ratio of 8.49 and a beta of 0.54.
The business also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Stockholders of record on Tuesday, March 12th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 11th. This represents a $2.40 annualized dividend and a dividend yield of 15.03%. EAGLE POINT CR/COM’s dividend payout ratio (DPR) is currently 127.66%.
In related news, insider Thomas P. Majewski acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, December 18th. The shares were purchased at an average price of $23,800.00 per share, for a total transaction of $595,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have bought 27,112 shares of company stock worth $595,032,713. Corporate insiders own 0.49% of the company’s stock.
Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of EAGLE POINT CR/COM from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Oppenheimer downgraded shares of EAGLE POINT CR/COM from an “outperform” rating to a “market perform” rating in a report on Thursday, November 15th. CIBC restated a “market perform” rating on shares of EAGLE POINT CR/COM in a report on Thursday, November 15th. Finally, National Securities restated a “buy” rating and set a $24.00 price objective on shares of EAGLE POINT CR/COM in a report on Thursday, November 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.00.
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About EAGLE POINT CR/COM
Eagle Point Credit Company Inc is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S.
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