Brokerages predict that Encore Capital Group Inc (NASDAQ:ECPG) will post earnings of $0.91 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Encore Capital Group’s earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.90. Encore Capital Group posted earnings per share of $0.14 during the same quarter last year, which would indicate a positive year-over-year growth rate of 550%. The business is expected 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 fiscal year, analysts anticipate that the firm will post earnings of $4.05 per share, with EPS estimates ranging from $3.84 to $4.15. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Encore Capital Group.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.87 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $290.92 million during the quarter, compared to the consensus estimate of $275.18 million. During the same period in the prior year, the business posted $1.29 earnings per share. Encore Capital Group’s quarterly revenue was up .5% on a year-over-year basis.

ECPG has been the topic of several research analyst reports. Zacks Investment Research cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub cut 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 set a $44.00 price target on shares of Encore Capital Group in a research report on Friday, August 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $49.50 price target on shares of Encore Capital Group in a research report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Encore Capital Group presently has an average rating of “Hold” and a consensus target price of $38.88.

Shares of Encore Capital Group (NASDAQ ECPG) opened at 44.80 on Thursday. The firm’s 50-day moving average price is $40.94 and its 200-day moving average price is $37.79. Encore Capital Group has a one year low of $17.66 and a one year high of $46.10. The firm has a market capitalization of $1.15 billion, a P/E ratio of 18.35 and a beta of 1.79.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System increased its position in shares of Encore Capital Group by 0.8% during the second quarter. Arizona State Retirement System now owns 12,357 shares of the asset manager’s stock valued at $496,000 after buying an additional 100 shares during the period. OppenheimerFunds Inc. boosted its stake in Encore Capital Group by 0.9% during the first quarter. OppenheimerFunds Inc. now owns 24,780 shares of the asset manager’s stock worth $764,000 after acquiring an additional 230 shares in the last quarter. Texas Permanent School Fund boosted its stake in Encore Capital Group by 1.4% during the second quarter. Texas Permanent School Fund now owns 17,287 shares of the asset manager’s stock worth $694,000 after acquiring an additional 237 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Encore Capital Group by 7.3% during the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock worth $170,000 after acquiring an additional 374 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Encore Capital Group by 1.2% during the first quarter. Legal & General Group Plc now owns 40,886 shares of the asset manager’s stock worth $1,259,000 after acquiring an additional 498 shares in the last quarter.

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

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