EAGLE POINT CR/COM (NYSE:ECC) is scheduled to issue its Q1 2019 quarterly earnings data 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 quarterly earnings results on Thursday, February 21st. The investment management company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). The firm had revenue of $17.75 million for the quarter, compared to the consensus estimate 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.
ECC opened at $17.47 on Tuesday. EAGLE POINT CR/COM has a 1-year low of $12.16 and a 1-year high of $18.87. The company has a market capitalization of $411.32 million, a PE ratio of 10.99 and a beta of 0.58.
Several research firms recently commented on ECC. 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 Sunday, February 24th. ValuEngine upgraded shares of EAGLE POINT CR/COM from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, LADENBURG THALM/SH SH downgraded shares of EAGLE POINT CR/COM from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. EAGLE POINT CR/COM presently has a consensus rating of “Hold” and an average target price of $24.00.
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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