Q2 EPS Estimate for Eagle Point Credit Lowered by Analyst

Eagle Point Credit Company Inc. (NYSE:ECC - Free Report) - Equities researchers at B. Riley reduced their Q2 2025 earnings per share estimates for shares of Eagle Point Credit in a note issued to investors on Tuesday, July 15th. B. Riley analyst R. Binner now anticipates that the investment management company will earn $0.25 per share for the quarter, down from their prior forecast of $0.26. The consensus estimate for Eagle Point Credit's current full-year earnings is $1.10 per share. B. Riley also issued estimates for Eagle Point Credit's Q3 2025 earnings at $0.25 EPS, FY2025 earnings at $1.05 EPS and FY2026 earnings at $1.05 EPS.

Several other analysts have also commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Eagle Point Credit from $9.00 to $7.50 and set a "market perform" rating on the stock in a research report on Thursday, May 29th. Credit Suisse Group set a $7.50 target price on Eagle Point Credit in a research note on Thursday, May 29th.

Eagle Point Credit Price Performance

Shares of NYSE ECC opened at $7.39 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. The stock has a market cap of $568.26 million, a price-to-earnings ratio of -18.46 and a beta of 0.41. The company's 50-day moving average price is $7.69 and its 200 day moving average price is $8.11. Eagle Point Credit has a 52 week low of $6.54 and a 52 week high of $10.09.

Eagle Point Credit (NYSE:ECC - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. Eagle Point Credit had a positive return on equity of 12.90% and a negative net margin of 27.15%. The business had revenue of $52.30 million during the quarter, compared to the consensus estimate of $53.54 million.

Eagle Point Credit Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 14th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, July 11th. This represents a dividend yield of 21.79%. Eagle Point Credit's dividend payout ratio is currently -455.00%.

Hedge Funds Weigh In On Eagle Point Credit

Institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new stake in Eagle Point Credit during the first quarter worth approximately $25,000. Cape Investment Advisory Inc. boosted its holdings in shares of Eagle Point Credit by 91.2% during the first quarter. Cape Investment Advisory Inc. now owns 3,592 shares of the investment management company's stock worth $29,000 after purchasing an additional 1,713 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Eagle Point Credit during the first quarter worth $32,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Eagle Point Credit in the first quarter valued at $35,000. Finally, Farther Finance Advisors LLC acquired a new position in Eagle Point Credit in the second quarter valued at $35,000. Institutional investors and hedge funds own 19.50% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.