Brokerages Anticipate Encore Capital Group, Inc. (ECPG) to Announce $0.93 EPS

Analysts expect Encore Capital Group, Inc. (NASDAQ:ECPG) to post $0.93 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Encore Capital Group’s earnings, with the lowest EPS estimate coming in at $0.91 and the highest estimate coming in at $0.95. Encore Capital Group posted earnings of $0.72 per share during the same quarter last year, which suggests a positive year over year growth rate of 29.2%. The business is scheduled to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Encore Capital Group will report full year earnings of $3.91 per share for the current year, with EPS estimates ranging from $3.83 to $4.01. For the next financial year, analysts anticipate that the business will report earnings of $4.06 per share, with EPS estimates ranging from $3.94 to $4.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Encore Capital Group.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Janney Montgomery Scott reiterated a “hold” rating on shares of Encore Capital Group in a research report on Saturday, November 18th. BidaskClub downgraded Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. SunTrust Banks reiterated a “buy” rating and set a $57.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. Finally, Northland Securities reiterated a “hold” rating and set a $49.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.88.

Shares of Encore Capital Group (NASDAQ:ECPG) opened at $43.25 on Friday. The stock has a market capitalization of $1,083.89, a PE ratio of 12.18 and a beta of 1.82. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.60. Encore Capital Group has a 12-month low of $27.80 and a 12-month high of $52.00.

In related news, insider Paul Grinberg sold 37,546 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $42.43, for a total transaction of $1,593,076.78. Following the transaction, the insider now directly owns 250,171 shares of the company’s stock, valued at approximately $10,614,755.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new position in shares of Encore Capital Group during the 3rd quarter valued at about $1,750,000. Janney Capital Management LLC purchased a new position in Encore Capital Group in the 3rd quarter worth approximately $217,000. Granahan Investment Management Inc. MA purchased a new position in Encore Capital Group in the 3rd quarter worth approximately $2,224,000. EJF Capital LLC purchased a new position in Encore Capital Group in the 3rd quarter worth approximately $2,437,000. Finally, Mackenzie Financial Corp increased its stake in Encore Capital Group by 16.8% in the 3rd quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock worth $351,000 after purchasing an additional 1,140 shares during the period.

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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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