Encore Capital Group Inc (NASDAQ:ECPG) – Equities researchers at SunTrust Banks decreased their FY2017 earnings per share (EPS) estimates for Encore Capital Group in a note issued to investors on Thursday. SunTrust Banks analyst M. Hughes now forecasts that the asset manager will earn $3.70 per share for the year, down from their prior estimate of $3.80. SunTrust Banks also issued estimates for Encore Capital Group’s Q1 2018 earnings at $0.96 EPS, Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $1.11 EPS and FY2018 earnings at $4.10 EPS.

Several other equities research analysts also recently commented on ECPG. Zacks Investment Research upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Friday, June 9th. BidaskClub downgraded shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Northland Securities reiterated a “hold” rating and issued a $44.00 target price on shares of Encore Capital Group in a research report on Friday. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Encore Capital Group in a research note on Wednesday, May 24th. They set an “outperform” rating and a $45.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $36.83.

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Encore Capital Group (ECPG) opened at 42.65 on Monday. The company’s 50 day moving average price is $40.03 and its 200 day moving average price is $34.97. Encore Capital Group has a 12 month low of $17.66 and a 12 month high of $43.50. The firm has a market capitalization of $1.10 billion, a P/E ratio of 15.20 and a beta of 1.76.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. Encore Capital Group had a return on equity of 12.38% and a net margin of 6.28%. The firm had revenue of $290.92 million during the quarter, compared to the consensus estimate of $275.18 million. During the same period in the previous year, the firm posted $1.29 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. William Blair Investment Management LLC raised its position in Encore Capital Group by 5.3% in the second quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock worth $95,159,000 after buying an additional 119,655 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Encore Capital Group by 20.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,457 shares of the asset manager’s stock worth $380,000 after buying an additional 1,619 shares during the last quarter. Legal & General Group Plc raised its position in Encore Capital Group by 8.7% in the second quarter. Legal & General Group Plc now owns 44,447 shares of the asset manager’s stock worth $1,784,000 after buying an additional 3,561 shares during the last quarter. SG Americas Securities LLC raised its position in Encore Capital Group by 417.6% in the second quarter. SG Americas Securities LLC now owns 201,483 shares of the asset manager’s stock worth $8,090,000 after buying an additional 162,554 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Encore Capital Group by 310.6% in the second quarter. First Trust Advisors LP now owns 83,445 shares of the asset manager’s stock worth $3,350,000 after buying an additional 63,120 shares during the last quarter.

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.

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

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