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

Posted by Phillip Gast on Feb 20th, 2025

Eagle Point Income (NYSE:EIC – Get Free Report) posted its 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

Eagle Point Income stock traded up $0.29 during mid-day trading on Thursday, reaching $16.07. 126,824 shares of the company’s stock were exchanged, compared to its average volume of 237,253. The business’s fifty day simple moving average is $15.72 and its 200 day simple moving average is $15.76. Eagle Point Income has a one year low of $14.78 and a one year high of $16.75.

Eagle Point Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.20 per share. 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

EIC has been the topic of a number of recent research reports. B. Riley upgraded Eagle Point Income to a “strong-buy” rating in a report on Tuesday, January 7th. LADENBURG THALM/SH SH upgraded Eagle Point Income to a “strong-buy” rating in a report on Thursday, January 16th.

Read Our Latest Stock Analysis 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.