Q1 EPS Estimates for Eagle Point Income Lowered by B. Riley

Eagle Point Income Company Inc. (NYSE:EIC) – Investment analysts at B. Riley cut their Q1 2025 EPS estimates for Eagle Point Income in a research report issued on Monday, April 21st. B. Riley analyst R. Binner now forecasts that the company will post earnings of $0.44 per share for the quarter, down from their prior estimate of $0.49. B. Riley has a “Strong-Buy” rating on the stock.

Eagle Point Income (NYSE:EIC) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.08). The company had revenue of $13.67 million during the quarter, compared to analysts’ expectations of $13.54 million.

Separately, LADENBURG THALM/SH SH raised shares of Eagle Point Income to a “strong-buy” rating in a research note on Thursday, January 16th.

Eagle Point Income Stock Performance

Eagle Point Income stock opened at $13.82 on Wednesday. The business has a 50 day simple moving average of $15.02 and a 200-day simple moving average of $15.55. Eagle Point Income has a 12 month low of $12.73 and a 12 month high of $16.71.

Eagle Point Income Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.20 dividend. The ex-dividend date is Thursday, April 10th.

Hedge Funds Weigh In On Eagle Point Income

A number of large investors have recently modified their holdings of EIC. Virtu Financial LLC purchased a new stake in shares of Eagle Point Income in the third quarter valued at approximately $216,000. Graypoint LLC lifted its holdings in Eagle Point Income by 19.2% in the fourth quarter. Graypoint LLC now owns 197,136 shares of the company’s stock valued at $3,063,000 after acquiring an additional 31,813 shares during the period. Principal Securities Inc. boosted its position in shares of Eagle Point Income by 5.3% during the 4th quarter. Principal Securities Inc. now owns 85,869 shares of the company’s stock worth $1,334,000 after purchasing an additional 4,358 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Eagle Point Income during the 4th quarter worth $842,000. Finally, LPL Financial LLC increased its holdings in shares of Eagle Point Income by 14.3% in the 4th quarter. LPL Financial LLC now owns 27,976 shares of the company’s stock valued at $435,000 after purchasing an additional 3,504 shares in the last quarter.

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.