Eagle Point Credit (ECC) Expected to Announce Earnings on Monday

Eagle Point Credit (NYSE:ECC - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Monday, May 19th. 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 issued its quarterly earnings data on Thursday, February 20th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates 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 Up 0.3%

ECC stock opened at $8.01 on Monday. Eagle Point Credit has a twelve month low of $6.54 and a twelve month high of $10.49. 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 company has a market capitalization of $616.35 million, a P/E ratio of 9.54 and a beta of 0.46. The firm has a 50 day simple moving average of $7.86 and a 200-day simple moving average of $8.61.

Eagle Point Credit Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.14 per share. This represents a dividend yield of 21.08%. The ex-dividend date is Monday, May 12th. Eagle Point Credit's payout ratio is currently 200.00%.

Analysts Set New Price Targets

Separately, Credit Suisse Group set a $10.00 price target on shares of Eagle Point Credit in a research report on Monday, April 21st.

Insiders Place Their Bets

In other Eagle Point Credit news, CEO Thomas P. Majewski acquired 1,087 shares of the firm's stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $23.00 per share, with a total value of $25,001.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,087 shares in the company, valued at $25,001. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

About Eagle Point Credit

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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