Encore Capital Group (ECPG) Posts Quarterly Earnings, Beats Expectations By $0.02 EPS
Encore Capital Group (NASDAQ:ECPG) announced its earnings results on Thursday. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.02, StockRatingsNetwork reports. The company had revenue of $269.20 million for the quarter, compared to the consensus estimate of $263.23 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 72.5% on a year-over-year basis.
A number of research firms have recently commented on ECPG. Analysts at Citigroup Inc. initiated coverage on shares of Encore Capital Group in a research note on Friday, July 18th. They set a “neutral” rating on the stock. Analysts at TheStreet downgraded shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $53.67.
Shares of Encore Capital Group (NASDAQ:ECPG) traded up 0.25% during mid-day trading on Thursday, hitting $43.16. 170,370 shares of the company’s stock traded hands. Encore Capital Group has a 1-year low of $39.64 and a 1-year high of $51.95. The stock’s 50-day moving average is $43.94 and its 200-day moving average is $45.41. The company has a market cap of $1.110 billion and a price-to-earnings ratio of 14.81.
Encore Capital Group, Inc (NASDAQ:ECPG) is engaged in consumer debt buying and recovery.
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