Eagle Point Income (NYSE:EIC) Releases Earnings Results, Misses Estimates By $0.08 EPS

Posted by Tech Dows on Feb 20th, 2025

Eagle Point Income (NYSE:EIC – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08), Zacks reports.

Eagle Point Income Stock Performance

NYSE EIC traded up $0.29 on Thursday, reaching $16.07. The stock had a trading volume of 116,971 shares, compared to its average volume of 236,938. The business has a 50 day moving average price of $15.72 and a 200 day moving average price of $15.76. Eagle Point Income has a 1 year low of $14.78 and a 1 year high of $16.75.

Eagle Point Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.40 dividend on an annualized basis and a yield of 14.94%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EIC. LADENBURG THALM/SH SH upgraded Eagle Point Income to a “strong-buy” rating in a report on Thursday, January 16th. B. Riley upgraded Eagle Point Income to a “strong-buy” rating in a report on Tuesday, January 7th.

Get Our Latest Report on Eagle Point Income

Eagle Point Income Company Profile

(Get Free Report)

About Eagle Point Income Company is a non-diversified,closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 20% of its total assets (at the time of investment) in CLO equity securities and related securities and instruments.