Eagle Point Income Company Inc. (EIC)
| Market Cap | 294.74M |
| Revenue (ttm) | 46.22M |
| Net Income (ttm) | 41.55M |
| Shares Out | 21.14M |
| EPS (ttm) | 1.97 |
| PE Ratio | 7.09 |
| Forward PE | 5.88 |
| Dividend | $2.40 (17.22%) |
| Ex-Dividend Date | Jun 10, 2025 |
| Volume | 235,717 |
| Open | 14.03 |
| Previous Close | 14.01 |
| Day's Range | 13.93 - 14.08 |
| 52-Week Range | 12.73 - 16.71 |
| Beta | 0.14 |
| Analysts | Strong Buy |
| Price Target | 17.50 (+25.54%) |
| Earnings Date | May 20, 2025 |
About EIC
Eagle Point Income Company manages capital on behalf of institutional, high-net-worth, and retail investors through private funds, separately managed accounts, and publicly-listed closed-end vehicles. They provide CLO securities and related investments. The investment objective is to generate high current income, with a secondary objective to generate capital appreciation. [Read more]
Financial Performance
In 2024, EIC's revenue was $46.22 million, an increase of 72.79% compared to the previous year's $26.75 million. Earnings were $41.55 million, an increase of 41.88%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for EIC stock is "Strong Buy" and the 12-month stock price forecast is $17.5.
News
Eagle Point Income Company: Assessing Yield Sustainability
Eagle Point Income Co Inc. offers a 15.8% yield by investing in junior CLOs and using leverage, but this comes with significant risks. The fund's distribution sustainability is questionable, as it has...
Why CLO Equity Could Be In For More Pain Ahead (And How To Navigate It)
CLO equity prices are facing pressure from rising risks and default expectations. CLO equity is still generating strong cash flows for patient investors. Our CEF rotation strategy can deliver alpha du...
Eagle Point Income: CLO Funds Are Still On The Menu
Eagle Point Income is a buy despite recent drops, driven by external factors and market volatility from the new US administration. CLOs bundle low-rated loans, offering different risk levels; EIC inve...
Preferreds Weekly Review: The Risk Of Preferreds Dilution
We take a look at the action in preferreds and baby bonds through the second week of March and highlight some of the key themes we are watching. Preferred stocks saw a slight gain over the week, drive...
CEF Distribution Coverage: What To Worry About And What Not To Worry About
Closed-end funds are ideal for investors prioritizing steady cash income over capital gains, benefiting from buying at discounts and institutional leverage terms. Distribution "coverage" is critical. ...
Eagle Point Income: Distribution Remains Well Covered As NAV Grows
Eagle Point Income remains a buy due to strong net investment income, low default rates, and a growing NAV. EIC's portfolio, heavily focused on CLO debt investments, benefits from higher interest rate...
Eagle Point Income Co Inc. (EIC) Q4 2024 Earnings Call Transcript
Eagle Point Income Co Inc. (NYSE:EIC) Q4 2024 Earnings Conference Call February 20, 2025 11:30 AM ET Company Participants Peter Sceusa – ICR Tom Majewski – Chairman and Chief Executive Officer Dan Ko...
Eagle Point Income Company Inc. Announces Fourth Quarter and Full Year 2024 Financial Results
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter and full year ended December...
CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains
We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity an...
Eagle Point Income Company Inc. Announces Second Quarter 2025 Common and Preferred Distributions
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today is pleased to announce the declaration of distributions on shares of the...
EICB: Bursting Above Par, Now A Hold (Rating Downgrade)
The Series B Term Preferred Stock from Eagle Point Income Company is now priced above par, making it less appealing for entry; rating downgraded to 'Hold'. The fund's portfolio is heavily weighted tow...
CEF Weekly Review: CLO Equity CEFs Put Up Varying Performance
We review the CEF market valuation and performance through the last week of January and highlight recent market action. CEFs had a mixed week, with Municipal sectors outperforming due to a drop in Tre...
Eagle Point Income Company Inc. Schedules Release of Fourth Quarter 2024 and Year-End 2024 Financial Results on Thursday, February 20, 2025
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced that it plans to report financial results for the quarter and ...
Yield Hunting (Part 1): EICC - An 8.2% YTM Addition To Our Short-Duration Portfolio
Eagle Point Income Co.'s 8.0% Series C Term Preferred Stock offers an attractive yield and strong protection due to its CLO-Debt-heavy portfolio. EICC pays an 8% annual cumulative dividend, has a matu...
Eagle Point Credit CEO Tom Majewski On Funds And Income
Founder and CEO Tom Majewski explains Eagle Point's two funds, ECC and EIC, and offering high monthly distributions to investors. CLOs, backed by senior secured loans to large corporations, provide ro...
How I Plan To Invest $700,000 To Pay Bills With Dividends Forever
A portfolio of $700,000 is large enough to produce an annual dividend income that matches the national average individual income of $64,000. I prioritize high-yield investments like BDCs, REITs, MLPs,...
Eagle Point Income: 2-Year Term Preferred Offers 7.3% Yield To Maturity
I recommend Eagle Point Income's preferred shares Series A due to their appealing yield to maturity of 7.3-7.4% and strong asset coverage ratio exceeding 300%. EIC's net investment income of $8.6M com...
Preferreds Weekly Review: Market Doesn't Differentiate Between CLO Equity Senior Securities
We take a look at the action in preferreds and baby bonds through the third week of December and highlight some of the key themes we are watching. All preferred stock sectors declined, mirroring Treas...
Three Buys In This Fed-Fueled Sell Off
The Fed's revised guidance for only two rate cuts in 2025 caused market panic, despite a current rate cut to 4.25-4.5%. Floating rate instruments like CLOs remain attractive due to their high-yield an...
Seeking Yields Of +15%
High yields from closed-end funds can regularly provide you with a massive supply of cash. Cash is how we pay our bills, not our portfolio value. Your retirement portfolio is a bedrock part of your re...
Eagle Point Income: Q3 Earnings Reinforces Portfolio Strength
Eagle Point Income (EIC) operates as a closed end fund that supported its high 14.7% dividend yield through a portfolio of CLO debt and equity investments. The recent Q3 earnings report provides reass...
Eagle Point Income Co Inc. (EIC) Q3 2024 Earnings Call Transcript
Eagle Point Income Co Inc. (NYSE:EIC) Q3 2024 Earnings Conference Call November 14, 2024 11:30 AM ET Company Participants Garrett Edson - ICR Thomas Majewski - Chairman and Chief Executive Officer Da...
Eagle Point Income Company Inc. Announces Third Quarter 2024 Financial Results
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended September 30, 2024 and...
Bargain Securities From NewtekOne And Eagle Point Income Company
At our Conservative Income Portfolio service, I specialize in uncovering relatively mispriced/undervalued preferred stocks and bonds that often fly under the radar and that should significantly outper...
Eagle Point Income Company Inc. Announces First Quarter 2025 Common and Preferred Distributions
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today is pleased to announce the declaration of distributions on shares of the...