Eagle Point Credit (ECC) to Release Earnings on Thursday

Eagle Point Credit (NYSE:ECC) is scheduled to release its earnings data before the market opens on Thursday, November 14th. Analysts expect Eagle Point Credit to post earnings of $0.28 per share for the quarter.

Eagle Point Credit (NYSE:ECC) last issued its quarterly earnings results on Tuesday, August 6th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.08). Eagle Point Credit had a return on equity of 12.87% and a net margin of 76.61%. The business had revenue of $42.28 million during the quarter, compared to the consensus estimate of $45.67 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 Down 0.6 %

Shares of ECC stock opened at $9.63 on Thursday. Eagle Point Credit has a 12 month low of $9.22 and a 12 month high of $10.49. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.19. The firm has a market cap of $741.01 million, a PE ratio of 5.63 and a beta of 0.76. The stock has a 50 day moving average of $9.78 and a 200-day moving average of $9.96.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their target price on shares of Eagle Point Credit from $10.50 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th.

Eagle Point Credit 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.