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Eagle Point Credit Company Inc (ECC)
NYSE:ECC
Earnings Data
Report Date
May 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.26Last Year’s EPS
0.29Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 1.39%
|Next Earnings Date:May 27, 2025
Earnings Call Sentiment|Positive
The earnings call presented several positive aspects including a notable increase in total return for common stockholders and a successful capital deployment strategy. However, the call also highlighted some challenges such as realized losses and increased leverage. Despite these challenges, the positive aspects were more emphasized.Company Guidance
During the fourth quarter of 2024, Eagle Point Credit Company Inc. reported a solid performance with a total return of 14.7% for common stockholders, assuming reinvestment of distributions. The company achieved a GAAP return on equity of 10.1% and distributed $1.92 per common share over the year. Recurring cash flows from the portfolio reached $82 million, or $0.74 per share, surpassing the quarterly aggregate common distributions and total expenses. Net investment income, less realized losses, amounted to $0.12 per share, with $0.24 of net investment income per share offset by $0.12 of realized losses. Additionally, the company completed 16 resets, lengthening the portfolio's weighted average remaining reinvestment period to 3.4 years, which is over 50% above the market average. The company deployed over $223 million in net capital into new investments, with new CLO equity purchases having a weighted average effective yield of 17.8%. Eagle Point also issued $111 million in net proceeds from its largest-ever notes offering and raised the target leverage ratio to 27.5% to 37.5%. The company's asset coverage ratios for preferred stock and debt stood at 263% and 506%, respectively, comfortably above statutory requirements.Total Return for Common Stockholders
For the year, holders of common stock had a total return of 14.7%, assuming reinvestment of their distribution.
Increase in Recurring Cash Flows
Recurring cash flows from the portfolio were $82 million, or $0.74 per share, exceeding quarterly aggregate common distributions and total expenses, up from $68.2 million, or $0.66 per share in the previous quarter.
Successful Capital Deployment
Over $223 million in net capital was deployed into new investments during the fourth quarter, with new CLO equity purchased having a weighted average effective yield of 17.8%.
Record CLO Issuance
A record $202 billion of new CLO issuance for the full year, exceeding the previous record of $187 billion set in 2021.
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ECC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ECC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $8.64 | $8.86 | +2.55% |
| Nov 14, 2024 | $8.96 | $8.83 | -1.45% |
| Aug 06, 2024 | $8.59 | $8.69 | +1.16% |
| May 21, 2024 | $8.88 | $8.93 | +0.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eagle Point Credit Company Inc (ECC) report earnings?
Eagle Point Credit Company Inc (ECC) is schdueled to report earning on May 27, 2025, TBA Not Confirmed.
What is Eagle Point Credit Company Inc (ECC) earnings time?
Eagle Point Credit Company Inc (ECC) earnings time is at May 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ECC EPS forecast?
ECC EPS forecast for the fiscal quarter 2025 (Q1) is 0.26.
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