Eagle Point Credit (ECC) Set to Announce Quarterly Earnings on Thursday

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

Eagle Point Credit (NYSE:ECC) last posted its quarterly earnings data on Tuesday, August 6th. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). The firm had revenue of $42.28 million for the quarter, compared to analysts’ expectations of $45.67 million. Eagle Point Credit had a return on equity of 12.87% and a net margin of 76.61%. 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 Price Performance

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

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods decreased 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.