Overview
Eagle Point Q3 net income at $11 mln, no analyst estimates provided
Company increased stock repurchase program to $60 mln, aiming to boost NAV per share
Company announced full redemption of 7.75% Series B Term Preferred Stock
Outlook
Company declares monthly distributions of $0.11 per share for Q1 2026
Company to redeem all outstanding 7.75% Series B Term Preferred Stock by Dec 29, 2025
Company aims to optimize capital structure and reduce financing costs
Result Drivers
NAV INCREASE - Co reports NAV per share rose to $14.21, attributed to share repurchases and market undervaluation, per CEO Thomas P. Majewski
CAPITAL OPTIMIZATION - Redemption of 7.75% Series B Term Preferred Stock to reduce financing costs following Fed rate cuts, per CEO Majewski
PORTFOLIO MANAGEMENT - Focus on generating strong cash flows and net investment income to ensure risk-adjusted returns, per CEO Majewski
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | $11 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the closed end funds peer group is "buy"
Wall Street's median 12-month price target for Eagle Point Income Company Inc is $15.00, about 19.9% above its November 12 closing price of $12.02
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nBw50BLbGa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)