Analysts predict that Encore Capital Group, Inc. (NASDAQ:ECPG) will announce earnings of $1.18 per share for the current quarter, according to Zacks. Five analysts have made estimates for Encore Capital Group’s earnings, with estimates ranging from $1.01 to $1.33. Encore Capital Group reported earnings of $0.98 per share during the same quarter last year, which would indicate a positive year over year growth rate of 20.4%. The business is scheduled to report its next earnings results on Tuesday, May 14th.
On average, analysts expect that Encore Capital Group will report full-year earnings of $5.27 per share for the current fiscal year, with EPS estimates ranging from $5.03 to $5.60. For the next financial year, analysts expect that the business will post earnings of $5.96 per share, with EPS estimates ranging from $5.52 to $6.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Encore Capital Group.
Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, February 27th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.23. Encore Capital Group had a return on equity of 20.21% and a net margin of 8.51%. The company had revenue of $348.72 million during the quarter, compared to the consensus estimate of $341.81 million. During the same period in the prior year, the company earned $1.05 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year.
Several research analysts have recently weighed in on ECPG shares. BidaskClub raised Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 22nd. Oppenheimer raised Encore Capital Group from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research report on Tuesday, January 15th. Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Buckingham Research started coverage on Encore Capital Group in a research report on Thursday, January 3rd. They set a “buy” rating and a $38.00 price objective for the company. Finally, ValuEngine raised Encore Capital Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.00.
A number of hedge funds and other institutional investors have recently modified their holdings of ECPG. Clearbridge Investments LLC boosted its position in Encore Capital Group by 967,574.5% during the third quarter. Clearbridge Investments LLC now owns 454,807 shares of the asset manager’s stock valued at $16,305,000 after purchasing an additional 454,760 shares during the last quarter. Norges Bank acquired a new position in Encore Capital Group during the fourth quarter valued at approximately $7,217,000. Vanguard Group Inc boosted its position in Encore Capital Group by 12.0% during the third quarter. Vanguard Group Inc now owns 2,751,092 shares of the asset manager’s stock valued at $98,626,000 after purchasing an additional 294,742 shares during the last quarter. Vanguard Group Inc. boosted its position in Encore Capital Group by 12.0% during the third quarter. Vanguard Group Inc. now owns 2,751,092 shares of the asset manager’s stock valued at $98,626,000 after purchasing an additional 294,742 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in Encore Capital Group by 7.7% during the third quarter. William Blair Investment Management LLC now owns 3,376,137 shares of the asset manager’s stock valued at $121,035,000 after purchasing an additional 241,683 shares during the last quarter.
Shares of Encore Capital Group stock opened at $32.15 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.26. The stock has a market capitalization of $982.74 million, a price-to-earnings ratio of 6.46, a price-to-earnings-growth ratio of 0.46 and a beta of 2.04. Encore Capital Group has a 1 year low of $20.38 and a 1 year high of $47.80.
Encore Capital Group Company Profile
Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.
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