Eagle Point Income Company Inc.

NYSE:EICA Stock Report

Market Cap: US$232.7m

Eagle Point Income Past Earnings Performance

Past criteria checks 0/6

Eagle Point Income has been growing earnings at an average annual rate of 0.8%, while the Capital Markets industry saw earnings growing at 6.1% annually. Revenues have been growing at an average rate of 37.2% per year.

Key information

0.78%

Earnings growth rate

-22.30%

EPS growth rate

Capital Markets Industry Growth10.26%
Revenue growth rate37.24%
Return on equity-4.53%
Net Margin-21.28%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha • May 25

EICA: Has Run Its Course, Monitoring For Price Distortions (Downgrade)

Summary Eagle Point Income Company Inc. Series A Preferred is now rated 'Hold' as the pull-to-par opportunity has closed with shares trading near par. EICA's October 2026 maturity and 5% coupon offer little capital gain potential, with yield to maturity at 5.5% and only five months remaining. Recent refinancing replaced exchange-listed preferreds with privately placed perpetual convertibles, limiting retail investor access and signaling a likely direction for Series A post-maturity. We are monitoring for price distortions above par to exit, as current entry points are no longer attractive given minimal upside and imminent maturity. Read the full article on Seeking Alpha
Seeking Alpha • Mar 26

Eagle Point Income: CLO Funds Are Still On The Menu

Summary 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 invests in the BB tranche, focusing on corporate debt. EIC's portfolio is diversified across 1,466 obligors, primarily in the tech and healthcare sectors, with a forward yield of 16%. EIC's leverage, premium to NAV, and fees are justified by its strong dividend history and favorable Z-Score, making it suitable for aggressive investors. Read the full article on Seeking Alpha
Seeking Alpha • Mar 10

EICA: Still A Buy, Favorable Risk-Reward Profile

Summary EICA is a term preferred equity with bond characteristics, offering a 5.2% current yield and 7.1% yield to maturity (maturing in October 2026). The security is less volatile and becoming less risky over time due to its low duration of 1.6 years. EICA's attractive yield and low duration make it a compelling investment, especially as many fixed income instruments are currently overvalued. The risk/reward profile of EICA is favorable, with a 300 bps spread over 2-year treasuries, making it a continued 'Buy' recommendation. Read the full article on Seeking Alpha
Seeking Alpha • Jan 21

Yield Hunting (Part 1): EICC - An 8.2% YTM Addition To Our Short-Duration Portfolio

Summary 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 maturity date in 2029, and is currently trading with a Yield to Maturity of 8.22%. The company's capital structure and mandatory asset coverage covenants provide confidence in the preservation of principal for preferred stock investors. EICC's yield and sector relative valuation make it a compelling addition to our short-duration portfolio, outperforming CLO-Equity peers. Read the full article on Seeking Alpha
Seeking Alpha • Feb 06

EICA: A Great Deal To Like About This 8% 2-Year Baby Bond

Summary EICA is a baby bond issued by Eagle Point with a $25 par value and a maturity date of October 2026. The security offers a high yield to maturity of 8% due to its low coupon and retail-oriented issuance. EICA has a strong asset coverage of 400%, reducing credit risk and making it an attractive investment. The credit spread associated with this issuance is very high, given the low tenor and high asset coverage. Read the full article on Seeking Alpha
Seeking Alpha • Aug 02

EICB: New 7.75% Term Preferred From CEF EIC That's Worth A Look

Summary CLO CEF Eagle Point Income Co Inc is issuing another preferred - EICB - with a 7.75% coupon and a 2028 maturity. At "par," EICB has a significant yield advantage over its sister preferred EICA, so a switch to EICB from EICA makes sense. The underlying portfolio of the issuer EIC is higher-quality than the broader CLO CEF population. We view EIC preferreds as more attractive than the fund's common shares, despite the 14% yield on EIC. Read the full article on Seeking Alpha
Seeking Alpha • Feb 18

EIC: Get Your High Yield Income From The Eagle Point Income Fund

Summary EIC invests in the BB-rated debt tranches of CLOs and offers investors a high-yield income from a relatively safe asset class. After raising the dividend 3 times in 2022, the fund's NAV and NII are both rising and firmly support the current 13.45% annual distribution yield. Despite the potential for rising loan defaults in 2023, CLO issuances are on the rise while the origination costs of CLOs are decreasing. When I first became interested in opportunities to invest in high yield income securities for long-term investing, it was around 2016 when I first joined Seeking Alpha and I had a lot to learn. Back then, I was still relatively new to investing in stocks, bonds, and funds like ETFs and CEFs. I had started managing a self-directed IRA that I was trying to build up to supplement my future retirement income stream. That retirement income will be largely based on a pension that I will receive from my employer when I retire later this year, along with whatever Social Security that I may be entitled to when I decide to start taking it, along with the income generated from my now more substantial IRA portfolio. I had a relatively small portfolio balance at the time, and I made my share of mistakes in trying to capture total return from a combination of growth stocks and high yield investments such as REITs, BDCs, MLPs, and a few ETFs that I had read about. I knew that I was taking some risks to achieve the higher yields from some of those investments, but I was not as well educated as I probably should have been. Now, nearly 7 years later I have learned a lot from my investment choices, both from my winners and my "learners" (not losers, because I always learn from my losses). One thing that I have learned is that not all high yield investments carry a high degree of risk. Frequently, I read comments or articles from other SA contributors that say to avoid or sell anything that yields more than xx%. Everyone has different risk tolerances and investment objectives though, so judging an investment vehicle based on the yield alone is unwise, in my experience. There is always a tradeoff between risk and reward, and it is helpful to understand what the level of risk is that one is willing to accept to achieve the high rewards. With that introduction in mind, I would like to review one of my most rewarding high yield investment choices over the past several years, and that is one that includes investments in CEFs that hold CLOs (Collateralized Loan Obligations). One relatively new fund that invests primarily in the BB-rated debt tranches of CLOs is Eagle Point Income fund (EIC), which I last wrote about in November. Seeking Alpha Why CLOs and Why Now? If you are new to CLOs and would like to understand them in more detail, there is an excellent white paper available from LSTA that discusses the US CLO market in detail and I would suggest that you read as much as you can if you are interested in investing in them. Collateralized Loan Obligations ("CLOs") are widely misunderstood investment vehicles, often thought to be opaque, risky and under policed. In fact, CLOs are one of the most transparent investment vehicles available to institutional and sophisticated investors today. They are governed by a clear and intersecting set of performance rules and disclosure requirements. Thanks in large part to these requirements- and the transparency and performance of the underlying leveraged loan assets-CLO securities have outperformed nearly every other equivalently-rated product for nearly 30 years. Another good resource that I found is this discussion from Guggenheim, which goes into additional detail about the structure of CLOs, and why they represent a scalable, high yielding, floating rate investment alternative with a history of stable credit performance. Guggenhiem The market outlook for CLOs in 2023 looks positive despite concerns regarding the potential for rising loan default rates. Some are predicting default rates to rise to as high as 3 to 4% in 2023, however, CLO performance is expected to hold up in this environment due to the protections that are in place. In fact, the CLO market is picking up steam in 2023 according to a February 15 report from Pitchbook. Pitchbook And while CLO issuance has been on the rise, the costs for originating CLOs are decreasing. This is good news for CLO managers and investors like EIC, who are able to take advantage of newer issues at lower cost to build out their CLO holdings. EIC Update When I last wrote about EIC in November, the fund's estimated NAV was in the range of $12.81 to $12.91 per share with about $90 million in total assets. As of January 31, 2023, the NAV is estimated to be in the range of $13.67 to $13.77 per share with $114M in total net asset value. You can view the NAV history of the fund on the website where you will see that the NAV rises and falls with the market and based on estimated values of the underlying loans within the CLOs. The last time that the fund's NAV was roughly equivalent to what it is now was back in June 2022. The quarterly NII of the fund is estimated at between $0.48 to $0.52 for Q422, which is substantially higher than the $0.40 reported in Q322 and the $0.41 reported in Q222. Therefore, while the market price of the fund still trades at a slight premium to NAV, the NAV is increasing along with NII, which indicates that the fund is performing well despite the declining market price and offers a relatively safe high yield source of income that is well covered. EIC website The current market price as of February 17 market close was $14.19 and since I last wrote about EIC in November, the fund has paid out 2 distributions of $0.14 in December and $0.16 in January. The current annual yield based on the regular monthly distribution of $0.16 for 2023 (which has been declared through March) works out to about 13.45%. Seeking Alpha Institutional Buyers and Stock Offering According to two recent SEC filings, there has been substantial institutional buying of EIC over the past few months. This 13G filing from 12/31/22 shows an ownership interest in EIC of more than 53% by Enstar Group (ESGR), a Bermuda based insurance company, who own 3,764,580 shares as of the end of 2022. In a separate 13G filing, Karpus Management, an Investment Advisory firm, owns 183,386 shares as of 12/31/22.

Revenue & Expenses Breakdown

How Eagle Point Income makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:EICA Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2659-13100
31 Dec 2560-1100
30 Sep 255928100
30 Jun 25561890
31 Mar 255114100
31 Dec 24464280
30 Sep 24413480
30 Jun 24364780
31 Mar 24304260
31 Dec 23272960
30 Sep 23242850
30 Jun 23221040
31 Mar 2320-1140
31 Dec 2219-1640
30 Sep 2217-2460
30 Jun 2215-1750
31 Mar 2213650
31 Dec 2112850
30 Sep 21112530
30 Jun 21102830
31 Mar 21105630
31 Dec 2011-530
30 Sep 2012-1730
30 Jun 2011-2630
31 Mar 2010-5620
31 Dec 198720
31 Dec 186-2100

Quality Earnings: EICA is currently unprofitable.

Growing Profit Margin: EICA is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: EICA is unprofitable, but has reduced losses over the past 5 years at a rate of 0.8% per year.

Accelerating Growth: Unable to compare EICA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EICA is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (38.3%).

Return on Equity

High ROE: EICA has a negative Return on Equity (-4.53%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/21 07:16
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Eagle Point Income Company Inc. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Randy BinnerB. Riley Securities, Inc.
Timothy D'AgostinoB. Riley Securities, Inc.
Mickey SchleienLadenburg Thalmann & Company