$0.93 EPS Expected for Encore Capital Group, Inc. (ECPG) This Quarter

Brokerages forecast that Encore Capital Group, Inc. (NASDAQ:ECPG) will post earnings of $0.93 per share for the current fiscal quarter, Zacks reports. Five analysts have issued 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 during the same quarter last year, which suggests a positive year over year growth rate of 29.2%. The business is expected to report its next quarterly earnings report 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 fiscal year, analysts forecast that the firm will post earnings of $4.06 per share, with EPS estimates ranging from $3.94 to $4.10. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Encore Capital Group.

A number of brokerages recently issued reports on ECPG. ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. BidaskClub raised shares of Encore Capital Group from a “strong sell” rating to a “sell” rating in a report on Monday. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Oppenheimer initiated coverage on shares of Encore Capital Group in a report on Monday, January 8th. They issued a “buy” rating and a $53.00 price target for the company. Finally, 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.10.

In other Encore Capital Group news, insider Paul Grinberg sold 38,546 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $42.43, for a total transaction of $1,635,506.78. Following the completion of the sale, the insider now directly owns 250,171 shares of the company’s stock, valued at $10,614,755.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 95,365 shares of company stock valued at $4,015,307 over the last ninety days. Insiders own 8.80% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Swiss National Bank lifted its stake in Encore Capital Group by 7.0% during the fourth quarter. Swiss National Bank now owns 42,800 shares of the asset manager’s stock valued at $1,802,000 after buying an additional 2,800 shares in the last quarter. California Public Employees Retirement System lifted its stake in Encore Capital Group by 11.0% during the fourth quarter. California Public Employees Retirement System now owns 79,669 shares of the asset manager’s stock valued at $3,354,000 after buying an additional 7,882 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Encore Capital Group during the fourth quarter valued at about $354,000. SG Americas Securities LLC purchased a new stake in Encore Capital Group during the fourth quarter valued at about $1,341,000. Finally, Hennessy Advisors Inc. purchased a new stake in Encore Capital Group during the fourth quarter valued at about $26,527,000.

Encore Capital Group (NASDAQ ECPG) opened at $39.55 on Thursday. The stock has a market cap of $1,013.09, a PE ratio of 11.14, a P/E/G ratio of 0.75 and a beta of 1.80. The company has a debt-to-equity ratio of 5.60, a current ratio of 0.70 and a quick ratio of 0.70. Encore Capital Group has a 12-month low of $28.95 and a 12-month high of $52.00.

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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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