Eagle Point Income (EIC) Expected to Announce Quarterly Earnings on Thursday

Eagle Point Income (NYSE:EIC) is projected to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $13.54 million for the quarter.

Eagle Point Income Stock Down 0.7 %

NYSE EIC opened at $15.79 on Wednesday. The firm’s fifty day moving average price is $15.72 and its two-hundred day moving average price is $15.76. Eagle Point Income has a 1 year low of $14.78 and a 1 year high of $16.75.

Eagle Point Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a yield of 15.20%. The ex-dividend date is Tuesday, June 10th.

Analysts Set New Price Targets

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

Eagle Point Income Company Profile

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.