Analysts Expect Encore Capital Group, Inc. (ECPG) Will Post Earnings of $0.93 Per Share

Equities research analysts forecast that Encore Capital Group, Inc. (NASDAQ:ECPG) will report earnings of $0.93 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Encore Capital Group’s earnings, with estimates ranging from $0.91 to $0.95. Encore Capital Group reported earnings of $0.72 per share in the same quarter last year, which suggests a positive year over year growth rate of 29.2%. The business is scheduled to announce 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 fiscal year, with EPS estimates ranging from $3.83 to $4.01. For the next financial year, analysts forecast that the business will report earnings of $4.06 per share, with EPS estimates ranging from $3.94 to $4.10. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Encore Capital Group.

Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Thursday, November 2nd. The asset manager reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.24. Encore Capital Group had a return on equity of 17.27% and a net margin of 8.18%.

A number of research analysts recently commented on the company. SunTrust Banks reissued a “buy” rating and issued a $57.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Janney Montgomery Scott reissued a “hold” rating on shares of Encore Capital Group in a report on Saturday, November 18th. Northland Securities reissued a “hold” rating and issued a $49.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Finally, BidaskClub downgraded Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.10.

Shares of Encore Capital Group (ECPG) opened at $41.50 on Monday. Encore Capital Group has a 1 year low of $28.95 and a 1 year high of $52.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.60. The firm has a market capitalization of $1,068.42, a PE ratio of 11.69, a PEG ratio of 0.79 and a beta of 1.82.

In other Encore Capital Group news, insider Paul Grinberg sold 19,273 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $40.82, for a total transaction of $786,723.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 95,365 shares of company stock worth $4,015,307 in the last 90 days. 8.80% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in ECPG. Schwab Charles Investment Management Inc. raised its position in shares of Encore Capital Group by 17.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 118,742 shares of the asset manager’s stock worth $4,768,000 after purchasing an additional 17,822 shares during the period. Legal & General Group Plc raised its position in shares of Encore Capital Group by 8.7% during the 2nd quarter. Legal & General Group Plc now owns 44,447 shares of the asset manager’s stock worth $1,784,000 after purchasing an additional 3,561 shares during the period. Principal Financial Group Inc. raised its position in shares of Encore Capital Group by 3.5% during the 2nd quarter. Principal Financial Group Inc. now owns 185,181 shares of the asset manager’s stock worth $7,435,000 after purchasing an additional 6,182 shares during the period. JPMorgan Chase & Co. raised its position in shares of Encore Capital Group by 29.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 77,640 shares of the asset manager’s stock worth $3,117,000 after purchasing an additional 17,543 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Encore Capital Group by 29.5% during the 2nd quarter. Alliancebernstein L.P. now owns 47,679 shares of the asset manager’s stock worth $1,914,000 after purchasing an additional 10,860 shares during the period.

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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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