William Blair Comments on Encore Capital Group Inc’s FY2017 Earnings (NASDAQ:ECPG)
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.
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.
Receive News & Ratings for Encore Capital Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.