EAGLE POINT CR/COM (NYSE:ECC) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 22nd. Analysts expect the company to announce earnings of $0.40 per share for the quarter.
EAGLE POINT CR/COM (NYSE:ECC) last posted its earnings results on Thursday, February 21st. The investment management company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). The firm had revenue of $17.75 million for the quarter, compared to analysts’ expectations of $18.20 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.
NYSE:ECC opened at $17.52 on Wednesday. The company has a market cap of $414.30 million, a PE ratio of 11.02 and a beta of 0.58. EAGLE POINT CR/COM has a 1-year low of $12.16 and a 1-year high of $18.87.
The company also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th were issued a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a dividend yield of 13.70%. The ex-dividend date was Thursday, April 11th. EAGLE POINT CR/COM’s dividend payout ratio (DPR) is 150.94%.
Several equities analysts have recently weighed in on ECC shares. ValuEngine raised shares of EAGLE POINT CR/COM from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. National Securities reaffirmed a “buy” rating and set a $24.00 target price on shares of EAGLE POINT CR/COM in a report on Sunday, February 24th. Finally, LADENBURG THALM/SH SH lowered shares of EAGLE POINT CR/COM from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target 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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