Wall Street analysts forecast that Encore Capital Group Inc (NASDAQ:ECPG) will post earnings of $0.82 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Encore Capital Group’s earnings. The lowest EPS estimate is $0.73 and the highest is $0.85. Encore Capital Group posted earnings of $1.29 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 36.4%. The business is expected to issue its next quarterly earnings report on Thursday, August 3rd.

According to Zacks, analysts expect that Encore Capital Group will report full-year earnings of $3.74 per share for the current year, with EPS estimates ranging from $3.65 to $3.80. For the next financial year, analysts expect that the business will report earnings of $4.15 per share, with EPS estimates ranging from $4.05 to $4.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Encore Capital Group.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Thursday, May 4th. The asset manager reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.02. Encore Capital Group had a net margin of 7.21% and a return on equity of 13.72%. The business had revenue of $271.94 million during the quarter, compared to the consensus estimate of $280.93 million. During the same period in the previous year, the firm posted $1.31 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year.

ECPG has been the topic of several research reports. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating and set a $42.00 price objective on the stock in a research report on Thursday, May 11th. Keefe, Bruyette & Woods initiated coverage on shares of Encore Capital Group in a research report on Wednesday, May 24th. They set an “outperform” rating and a $45.00 price objective on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $33.00.

Encore Capital Group (NASDAQ:ECPG) traded down 0.25% during midday trading on Friday, hitting $40.55. 19,410 shares of the stock traded hands. Encore Capital Group has a one year low of $17.66 and a one year high of $41.38. The company has a 50-day moving average price of $39.58 and a 200 day moving average price of $34.33. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 14.45 and a beta of 1.77.

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Several hedge funds have recently added to or reduced their stakes in ECPG. Louisiana State Employees Retirement System boosted its stake in Encore Capital Group by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the asset manager’s stock valued at $296,000 after buying an additional 200 shares during the period. Arizona State Retirement System boosted its stake in Encore Capital Group by 1.7% in the first quarter. Arizona State Retirement System now owns 12,257 shares of the asset manager’s stock valued at $378,000 after buying an additional 200 shares during the period. OppenheimerFunds Inc. boosted its stake in Encore Capital Group by 0.9% in the first quarter. OppenheimerFunds Inc. now owns 24,780 shares of the asset manager’s stock valued at $764,000 after buying an additional 230 shares during the period. Mason Street Advisors LLC boosted its stake in Encore Capital Group by 7.3% in the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock valued at $170,000 after buying an additional 374 shares during the period. Finally, Legal & General Group Plc boosted its stake in Encore Capital Group by 1.2% in the first quarter. Legal & General Group Plc now owns 40,886 shares of the asset manager’s stock valued at $1,259,000 after buying an additional 498 shares during the period.

Encore Capital Group Company Profile

Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.

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Earnings History and Estimates for Encore Capital Group (NASDAQ:ECPG)

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