Wall Street analysts forecast that Encore Capital Group Inc (NASDAQ:ECPG) will post sales of $282.21 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Encore Capital Group’s earnings, with the lowest sales estimate coming in at $268.60 million and the highest estimate coming in at $288.70 million. Encore Capital Group posted sales of $179.42 million during the same quarter last year, which suggests a positive year over year growth rate of 57.3%. The firm is scheduled to report its next earnings report after the market closes on Thursday, November 2nd.

On average, analysts expect that Encore Capital Group will report full-year sales of $282.21 million for the current year, with estimates ranging from $1.11 billion to $1.14 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.20 billion per share, with estimates ranging from $1.15 billion to $1.25 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Encore Capital Group.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.87 EPS 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 company had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $275.18 million. During the same period in the prior year, the company earned $1.29 EPS. Encore Capital Group’s revenue was up .5% compared to the same quarter last year.

A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Northland Securities reaffirmed a “hold” rating and set a $44.00 price objective on shares of Encore Capital Group in a report on Friday, August 4th. ValuEngine raised shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $49.50 price objective on shares of Encore Capital Group in a report on Thursday, August 10th. Finally, BidaskClub downgraded shares of Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Encore Capital Group has a consensus rating of “Hold” and an average target price of $38.88.

Shares of Encore Capital Group (NASDAQ:ECPG) traded up 0.87% on Thursday, hitting $46.40. The stock had a trading volume of 330,182 shares. The firm has a 50-day moving average of $43.53 and a 200 day moving average of $39.45. The company has a market capitalization of $1.19 billion, a PE ratio of 19.01 and a beta of 1.79. Encore Capital Group has a 1-year low of $17.66 and a 1-year high of $47.10.

Several hedge funds and other institutional investors have recently bought and sold shares of ECPG. FMR LLC lifted its holdings in shares of Encore Capital Group by 110.6% during the 2nd quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock worth $52,142,000 after acquiring an additional 682,097 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Encore Capital Group by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 2,128,159 shares of the asset manager’s stock worth $65,547,000 after acquiring an additional 169,254 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Encore Capital Group by 417.6% during the 2nd quarter. SG Americas Securities LLC now owns 201,483 shares of the asset manager’s stock worth $8,090,000 after acquiring an additional 162,554 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Encore Capital Group by 5.3% during the 2nd quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock worth $95,159,000 after acquiring an additional 119,655 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Encore Capital Group by 13.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 839,303 shares of the asset manager’s stock worth $33,696,000 after acquiring an additional 102,413 shares during the last quarter.

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

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