Eagle Point Credit (NYSE:ECC - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 28th. Analysts expect Eagle Point Credit to post earnings of $0.26 per share and revenue of $53.54 million for the quarter.
Eagle Point Credit (NYSE:ECC - Get Free Report) last posted its earnings results on Thursday, February 20th. The investment management company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). Eagle Point Credit had a net margin of 44.67% and a return on equity of 12.53%. The firm had revenue of $49.55 million during the quarter, compared to the consensus estimate of $49.76 million. On average, analysts expect Eagle Point Credit to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Eagle Point Credit Stock Performance
ECC stock traded up $0.07 during trading on Friday, reaching $7.80. The stock had a trading volume of 264,280 shares, compared to its average volume of 1,325,132. Eagle Point Credit has a 52 week low of $6.54 and a 52 week high of $10.49. The stock's 50 day moving average is $7.78 and its two-hundred day moving average is $8.58. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.18. The firm has a market cap of $599.81 million, a PE ratio of 9.28 and a beta of 0.46.
Eagle Point Credit Dividend Announcement
The company also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be issued a $0.14 dividend. This represents a yield of 21.08%. The ex-dividend date of this dividend is Monday, May 12th. Eagle Point Credit's dividend payout ratio is 200.00%.
Wall Street Analyst Weigh In
Separately, Credit Suisse Group set a $10.00 price target on Eagle Point Credit in a research report on Monday, April 21st.
Check Out Our Latest Stock Report on Eagle Point Credit
Insider Buying and Selling at Eagle Point Credit
In other news, CEO Thomas P. Majewski purchased 1,087 shares of the business's stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $23.00 per share, for a total transaction of $25,001.00. Following the acquisition, the chief executive officer now directly owns 1,087 shares of the company's stock, valued at $25,001. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.
Eagle Point Credit Company Profile
(
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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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