EAGLE POINT Cr/COM (ECC) to Release Quarterly Earnings on Tuesday

EAGLE POINT Cr/COM (NYSE:ECC) will release its earnings data before the market opens on Tuesday, August 14th. Analysts expect EAGLE POINT Cr/COM to post earnings of $0.24 per share for the quarter.

EAGLE POINT Cr/COM (NYSE:ECC) last announced its quarterly earnings results on Thursday, May 17th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.05. The company had revenue of $17.01 million for the quarter, compared to analysts’ expectations of $17.80 million. EAGLE POINT Cr/COM had a net margin of 58.09% and a return on equity of 10.44%. 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 EAGLE POINT Cr/COM stock opened at $18.41 on Monday. The stock has a market capitalization of $348.91 million, a P/E ratio of 9.79 and a beta of 0.19. EAGLE POINT Cr/COM has a 1 year low of $17.28 and a 1 year high of $21.60.

The company also recently declared a monthly dividend, which will be paid on Friday, August 31st. Investors of record on Monday, August 13th will be paid a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 13.04%. The ex-dividend date of this dividend is Friday, August 10th. EAGLE POINT Cr/COM’s payout ratio is 117.02%.

In other EAGLE POINT Cr/COM news, insider Thomas P. Majewski bought 50,000 shares of the firm’s stock in a transaction on Thursday, May 24th. The stock was acquired at an average price of $49,500.00 per share, with a total value of $2,475,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel M. Spinner bought 75,000 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The stock was acquired at an average cost of $73,933.00 per share, with a total value of $5,544,975,000.00. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

A number of brokerages recently issued reports on ECC. ValuEngine upgraded shares of EAGLE POINT Cr/COM from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. National Securities reiterated a “buy” rating and issued a $24.00 price target on shares of EAGLE POINT Cr/COM in a research note on Friday, May 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.13.

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.

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

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