EAGLE POINT CR/COM (ECC) to Release Earnings on Thursday

EAGLE POINT CR/COM (NYSE:ECC) will be issuing its quarterly earnings data before the market opens on Thursday, February 21st. Analysts expect the company to announce earnings of $0.42 per share for the quarter.

EAGLE POINT CR/COM (NYSE:ECC) last announced its earnings results on Wednesday, November 14th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.09). The firm had revenue of $17.54 million during 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.

Shares of NYSE:ECC opened at $15.97 on Thursday. EAGLE POINT CR/COM has a 1 year low of $12.16 and a 1 year high of $19.00. The company has a market cap of $300.48 million, a PE ratio of 8.49 and a beta of 0.54.

The firm also recently announced a monthly dividend, which will be paid on Friday, March 29th. Stockholders of record on Tuesday, March 12th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 11th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 15.03%. EAGLE POINT CR/COM’s dividend payout ratio (DPR) is 127.66%.

ECC has been the topic of a number of recent analyst reports. ValuEngine lowered EAGLE POINT CR/COM from a “hold” rating to a “sell” rating in a research report on Friday, December 21st. National Securities reiterated a “buy” rating and set a $24.00 target price on shares of EAGLE POINT CR/COM in a research report on Thursday, November 15th. Oppenheimer lowered EAGLE POINT CR/COM from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 15th. Finally, CIBC reiterated a “market perform” rating on shares of EAGLE POINT CR/COM in a research report on Thursday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. EAGLE POINT CR/COM has a consensus rating of “Hold” and an average price target of $24.00.

In other EAGLE POINT CR/COM news, insider Thomas P. Majewski bought 25,000 shares of the firm’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 document filed with the SEC, which is available through this link. Insiders have bought a total of 27,112 shares of company stock worth $595,032,713 in the last quarter. Insiders own 0.49% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2019/02/14/eagle-point-cr-com-ecc-to-release-earnings-on-thursday.html.

EAGLE POINT CR/COM Company Profile

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.

Recommended Story: What does relative strength index mean?

Earnings History for EAGLE POINT CR/COM (NYSE:ECC)

Receive News & Ratings for EAGLE POINT CR/COM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EAGLE POINT CR/COM and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply