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Eagle Point Income Co Inc (EIC)
NYSE:EIC
Earnings Data
Report Date
May 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
1.39Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.95%
|Next Earnings Date:May 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance for 2024 with significant achievements in return on equity, cash flows, and record CLO issuance. However, there are concerns about the impact of lower interest rates on future income and effective yield compression in CLO equity investments.Company Guidance
The fourth quarter 2024 earnings call for Eagle Point Income Company Inc. provided comprehensive guidance on the company's financial performance and strategic initiatives. During the year, Eagle Point achieved a GAAP return on equity of 21% and a total return on common stock of 24.8%, with $2.40 per share paid in cash distributions, averaging 15.2% of the stock price. The company reported recurring cash flows of $16.1 million for the quarter, or $0.82 per share, and net investment income and realized gains of $0.54 per share. The NAV as of December 31st was $14.99 per share, reflecting a 1% increase from the previous quarter. The company issued 2.5 million common shares at a premium to NAV, resulting in NAV accretion of $0.05 per share, and received $12 million in proceeds from preferred stock issuances. Management noted high daily trading volumes and continues to invest significantly in CLO debt and equity, with $91 million deployed into new investments at an average effective yield of 11%. The call highlighted the expectation of lower interest rates impacting NII and an ongoing strategy to enhance portfolio returns through active management of CLO investments. The company's leverage ratios remain within target ranges, and the NAV estimate for January 2025 indicates a slight increase. Overall, Eagle Point Income Company Inc. remains focused on delivering strong risk-adjusted returns while navigating market fluctuations.Strong Return on Equity and Total Return
For the year 2024, Eagle Point Income Company Inc. generated a GAAP return on equity of 21% and a total return on common stock of 24.8% with reinvested distributions.
Increased Cash Flows and Investment Income
The company received recurring cash flows of $16.1 million ($0.82 per share) in Q4 2024, up from $13.1 million ($0.76 per share) in the previous quarter. Net investment income and realized gains for the quarter were $0.54 per share.
NAV Growth
Net Asset Value (NAV) per share increased by 1% from September 30th to December 31st and by 4% from the beginning of 2024.
Record CLO Issuance
New CLO issuance reached a record $202 billion in 2024, exceeding the previous record of $187 billion set in 2021.
Low Default Rates
The trailing twelve-month default rate for leveraged loans was 0.9% at year-end, well below the historical average of 2.6%. EIC's portfolio default exposure stood at 0.4%.
Strong Trading Volume
The average daily trading volume for common stock in Q4 2024 was 18% higher than Q3 and nearly triple the volume from a year ago.
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EIC 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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EIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $15.78 | $15.97 | +1.20% |
| Nov 14, 2024 | $15.57 | $15.45 | -0.77% |
| Aug 06, 2024 | $13.82 | $14.10 | +2.03% |
| May 21, 2024 | $14.48 | $14.52 | +0.28% |
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 Income Co Inc (EIC) report earnings?
Eagle Point Income Co Inc (EIC) is schdueled to report earning on May 27, 2025, TBA Not Confirmed.
What is Eagle Point Income Co Inc (EIC) earnings time?
Eagle Point Income Co Inc (EIC) 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 EIC EPS forecast?
Currently, no data Available
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