Equities Analysts Set Expectations for Eagle Point Income Company Inc.’s Q3 2024 Earnings (NYSE:EIC)

Eagle Point Income Company Inc. (NYSE:EIC) – Research analysts at B. Riley issued their Q3 2024 earnings estimates for shares of Eagle Point Income in a research report issued on Monday, September 2nd. B. Riley analyst M. Howlett anticipates that the company will earn $0.50 per share for the quarter. B. Riley has a “Buy” rating and a $17.50 price objective on the stock. B. Riley also issued estimates for Eagle Point Income’s Q4 2024 earnings at $0.51 EPS, FY2024 earnings at $2.00 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.49 EPS, FY2025 earnings at $1.95 EPS, Q1 2026 earnings at $0.50 EPS, Q2 2026 earnings at $0.50 EPS and FY2026 earnings at $2.01 EPS.

Eagle Point Income (NYSE:EIC) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.44 earnings per share for the quarter. The business had revenue of $10.92 million during the quarter.

Eagle Point Income Trading Up 0.3 %

Shares of NYSE:EIC opened at $15.73 on Thursday. The firm’s 50 day moving average price is $15.71 and its 200-day moving average price is $15.84. Eagle Point Income has a twelve month low of $13.55 and a twelve month high of $16.75.

Institutional Investors Weigh In On Eagle Point Income

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Main Street Financial Solutions LLC purchased a new stake in Eagle Point Income during the 2nd quarter valued at approximately $160,000. Virtu Financial LLC bought a new stake in Eagle Point Income in the first quarter worth $253,000. Principal Securities Inc. bought a new stake in Eagle Point Income in the fourth quarter worth $446,000. Finally, Graypoint LLC lifted its position in Eagle Point Income by 3.9% in the second quarter. Graypoint LLC now owns 158,998 shares of the company’s stock worth $2,512,000 after buying an additional 6,035 shares during the last quarter.

Eagle Point Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be issued a $0.20 dividend. This represents a $2.40 annualized dividend and a yield of 15.26%. The ex-dividend date is Wednesday, December 11th.

About Eagle Point Income

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.