Analysts Expect Encore Capital Group Inc (ECPG) Will Announce Earnings of $0.91 Per Share
Wall Street brokerages expect Encore Capital Group Inc (NASDAQ:ECPG) to announce earnings of $0.91 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Encore Capital Group’s earnings, with estimates ranging from $0.90 to $0.92. Encore Capital Group reported earnings per share of $0.14 during the same quarter last year, which would suggest a positive year-over-year growth rate of 550%. The business is scheduled to issue its next earnings report on Wednesday, November 8th.
On average, analysts expect that Encore Capital Group will report full year earnings of $3.70 per share for the current year, with EPS estimates ranging from $3.66 to $3.75. For the next year, analysts anticipate that the company will report earnings of $4.05 per share, with EPS estimates ranging from $3.84 to $4.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Encore Capital Group.
Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. The firm 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 for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.29 earnings per share.
A number of brokerages have recently weighed in on ECPG. Keefe, Bruyette & Woods restated a “buy” rating and issued a $49.50 target price on shares of Encore Capital Group in a research note on Thursday, August 10th. Northland Securities restated a “hold” rating and issued a $44.00 target price on shares of Encore Capital Group in a research note on Friday, August 4th. BidaskClub downgraded Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Finally, ValuEngine upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Encore Capital Group presently has a consensus rating of “Hold” and an average price target of $37.58.
Institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC lifted 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 purchasing an additional 374 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Encore Capital Group by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock valued at $187,000 after acquiring an additional 2,072 shares during the period. Nisa Investment Advisors LLC bought a new stake in Encore Capital Group during the 2nd quarter valued at $201,000. Piedmont Investment Advisors LLC bought a new stake in Encore Capital Group during the 2nd quarter valued at $206,000. Finally, UBS Asset Management Americas Inc. bought a new stake in Encore Capital Group during the 1st quarter valued at $212,000.
Encore Capital Group (NASDAQ:ECPG) traded down 1.60% during mid-day trading on Friday, reaching $40.00. The company’s stock had a trading volume of 207,987 shares. The firm has a 50 day moving average price of $40.11 and a 200 day moving average price of $36.68. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 16.39 and a beta of 1.77. Encore Capital Group has a 52-week low of $17.66 and a 52-week high of $43.65.
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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.
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