Earnings results for EAGLE POINT CR/COM (NYSE:ECC)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.28 and remained the same over the past month at 0.28. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 1.16 and remained the same over the past month at 1.16 . none raised and none lowered their forecast.
EAGLE POINT CR/COM last released its earnings results on May 21st, 2020. The investment management company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $17.66 million for the quarter, compared to analysts’ expectations of $15.50 million. EAGLE POINT CR/COM has generated $1.34 earnings per share over the last year. EAGLE POINT CR/COM has confirmed that its next quarterly earnings report will be published on Monday, August 17th, 2020.
Analyst Opinion on EAGLE POINT CR/COM (NYSE:ECC)
3 Wall Street analysts have issued ratings and price targets for EAGLE POINT CR/COM in the last 12 months. Their average twelve-month price target is $12.00, suggesting that the stock has a possible upside of 52.87%. The high price target for ECC is $16.00 and the low price target for ECC is $8.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”
EAGLE POINT CR/COM has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $12.00, EAGLE POINT CR/COM has a potential upside of 52.9% from its current price of $7.85. EAGLE POINT CR/COM has only been the subject of 2 research reports in the past 90 days.
Dividend Strength: EAGLE POINT CR/COM (NYSE:ECC)
EAGLE POINT CR/COM is a leading dividend payer. It pays a dividend yield of 22.64%, putting its dividend yield in the top 25% of dividend-paying stocks. EAGLE POINT CR/COM has only been increasing its dividend for 1 years. The dividend payout ratio of EAGLE POINT CR/COM is 134.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EAGLE POINT CR/COM will have a dividend payout ratio of 181.82% in the coming year. This indicates that EAGLE POINT CR/COM may not be able to sustain their current dividend.
Insiders buying/selling: EAGLE POINT CR/COM (NYSE:ECC)
In the past three months, EAGLE POINT CR/COM insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $21,473.00 in company stock and sold $0.00 in company stock. Only 0.41% of the stock of EAGLE POINT CR/COM is held by insiders. Only 32.53% of the stock of EAGLE POINT CR/COM is held by institutions.
Earnings and Valuation of EAGLE POINT CR/COM (NYSE:ECC
Earnings for EAGLE POINT CR/COM are expected to decrease by -14.66% in the coming year, from $1.16 to $0.99 per share. The P/E ratio of EAGLE POINT CR/COM is -1.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of EAGLE POINT CR/COM is -1.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
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