Analysts Anticipate Encore Capital Group Inc (ECPG) to Post $0.91 Earnings Per Share
Wall Street brokerages expect Encore Capital Group Inc (NASDAQ:ECPG) to report earnings of $0.91 per share for the current quarter, according to Zacks. Four analysts have made estimates for Encore Capital Group’s earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $0.92. Encore Capital Group reported earnings per share of $0.14 in the same quarter last year, which would suggest a positive year over year growth rate of 550%. The firm is expected to issue its next quarterly earnings results after the market closes 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 fiscal year, with EPS estimates ranging from $3.66 to $3.75. For the next financial year, analysts expect that the company will post earnings of $4.05 per share, with EPS estimates ranging from $3.84 to $4.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms 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, topping the 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 analysts’ expectations of $275.18 million. During the same quarter in the previous year, the firm earned $1.29 EPS. The firm’s revenue was up .5% compared to the same quarter last year.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub cut Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Northland Securities reiterated a “hold” rating and set a $44.00 price target on shares of Encore Capital Group in a 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 report on Thursday, August 10th. Finally, ValuEngine upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.88.
Encore Capital Group (ECPG) opened at 46.50 on Tuesday. The company’s 50 day moving average price is $43.26 and its 200 day moving average price is $39.30. The firm has a market cap of $1.20 billion, a PE ratio of 19.05 and a beta of 1.79. Encore Capital Group has a 52-week low of $17.66 and a 52-week high of $47.10.
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Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its holdings in Encore Capital Group by 79.7% during the second quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock worth $187,000 after purchasing an additional 2,072 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of Encore Capital Group during the second quarter worth approximately $201,000. Piedmont Investment Advisors LLC bought a new stake in shares of Encore Capital Group during the second quarter worth approximately $206,000. Mason Street Advisors LLC boosted its holdings in shares of 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 during the period. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of Encore Capital Group during the first quarter worth approximately $212,000.
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.
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