B. Riley Reduces Earnings Estimates for Eagle Point Income

Eagle Point Income Company Inc. (NYSE:EICFree Report) – Equities researchers at B. Riley reduced their Q4 2025 EPS estimates for shares of Eagle Point Income in a research report issued on Tuesday, July 15th. B. Riley analyst R. Binner now anticipates that the company will post earnings per share of $0.39 for the quarter, down from their prior forecast of $0.40.

Eagle Point Income (NYSE:EICGet Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.20). The company had revenue of $14.13 million for the quarter, compared to analysts’ expectations of $13.58 million.

Eagle Point Income Trading Down 0.7%

Shares of EIC opened at $13.44 on Wednesday. Eagle Point Income has a 1-year low of $12.63 and a 1-year high of $16.71. The company has a 50-day moving average of $13.65 and a 200 day moving average of $14.67.

Eagle Point Income Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 14th will be issued a $0.13 dividend. The ex-dividend date is Friday, July 11th. This represents a dividend yield of 11.36%.

Institutional Investors Weigh In On Eagle Point Income

Large investors have recently modified their holdings of the business. AdvisorNet Financial Inc purchased a new position in shares of Eagle Point Income in the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of Eagle Point Income in the 1st quarter worth approximately $30,000. Wedbush Securities Inc. purchased a new position in shares of Eagle Point Income in the 1st quarter worth approximately $166,000. Atria Wealth Solutions Inc. purchased a new position in shares of Eagle Point Income in the 1st quarter worth approximately $170,000. Finally, M&T Bank Corp purchased a new position in shares of Eagle Point Income in the 1st quarter worth approximately $175,000.

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.

Further Reading

Receive News & Ratings for Eagle Point Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Point Income and related companies with MarketBeat.com's FREE daily email newsletter.