Encore Capital Group Inc (NASDAQ:ECPG) – Stock analysts at William Blair lifted their FY2017 earnings per share (EPS) estimates for shares of Encore Capital Group in a research report issued to clients and investors on Friday. William Blair analyst R. Napoli now expects that the asset manager will post earnings of $3.66 per share for the year, up from their previous forecast of $3.65. William Blair also issued estimates for Encore Capital Group’s Q1 2018 earnings at $0.99 EPS and FY2019 earnings at $4.60 EPS.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Encore Capital Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Friday, June 9th. BidaskClub downgraded 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 price objective on shares of Encore Capital Group in a research report on Friday. Finally, Keefe, Bruyette & Woods started coverage on Encore Capital Group in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $45.00 price objective for the company. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Encore Capital Group currently has a consensus rating of “Hold” and an average price target of $36.83.

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Shares of Encore Capital Group (ECPG) opened at 42.65 on Monday. Encore Capital Group has a 52-week low of $17.66 and a 52-week high of $43.50. The company’s 50 day moving average price is $40.03 and its 200 day moving average price is $34.97. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 15.20 and a beta of 1.76.

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

Several hedge funds have recently made changes to their positions in ECPG. Mason Street Advisors LLC increased its position 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. State of Alaska Department of Revenue increased its position in Encore Capital Group by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock valued at $187,000 after buying an additional 2,072 shares during the period. Nisa Investment Advisors LLC bought a new position in Encore Capital Group during the second quarter valued at approximately $201,000. UBS Asset Management Americas Inc. bought a new position in Encore Capital Group during the first quarter valued at approximately $212,000. Finally, Russell Investments Group Ltd. bought a new position in Encore Capital Group during the first quarter valued at approximately $232,000.

About Encore Capital Group

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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