Eagle Point Credit (ECC) to Release Quarterly Earnings on Thursday

Eagle Point Credit (NYSE:ECC - Get Free Report) will 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 - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.08). The company had revenue of $42.28 million during the quarter, compared to the consensus estimate 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 Stock Up 0.9 %

Eagle Point Credit stock traded up $0.09 during trading hours on Thursday, hitting $9.73. 615,155 shares of the stock traded hands, compared to its average volume of 835,111. Eagle Point Credit has a one year low of $9.22 and a one year high of $10.49. The firm's 50-day moving average price is $9.78 and its two-hundred day moving average price is $9.96. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.19. The company has a market cap of $748.72 million, a PE ratio of 5.63 and a beta of 0.76.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods dropped their price target on Eagle Point Credit from $10.50 to $10.00 and set a "market perform" rating on the stock in a research report 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.