EAGLE POINT CR/COM (ECC) Set to Announce Earnings on Wednesday

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.

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 12th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $2.40 annualized dividend and a yield of 13.74%. EAGLE POINT CR/COM’s dividend payout ratio is presently 150.94%.

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.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.wkrb13.com/2019/05/21/eagle-point-cr-com-ecc-set-to-announce-earnings-on-wednesday.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.

Further Reading: Using the New Google Finance Tool

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.