Encore Capital Group, Inc. (NASDAQ:ECPG) – Stock analysts at Oppenheimer upped their Q4 2019 EPS estimates for shares of Encore Capital Group in a report issued on Wednesday, November 6th. Oppenheimer analyst D. Gabriele now forecasts that the asset manager will post earnings per share of $1.54 for the quarter, up from their prior estimate of $1.36. Oppenheimer also issued estimates for Encore Capital Group’s FY2020 earnings at $6.61 EPS.
Other research analysts have also recently issued reports about the company. Northland Securities reaffirmed a “buy” rating and set a $40.00 price objective on shares of Encore Capital Group in a research report on Thursday. Keefe, Bruyette & Woods set a $45.00 price objective on Encore Capital Group and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Zacks Investment Research cut Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. BidaskClub raised Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, ValuEngine cut Encore Capital Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $40.67.
Shares of NASDAQ:ECPG traded up $0.53 on Friday, hitting $36.64. 323,900 shares of the company’s stock were exchanged, compared to its average volume of 286,772. The firm’s 50-day moving average is $33.39 and its 200 day moving average is $34.25. The company has a market capitalization of $1.04 billion, a PE ratio of 7.36, a P/E/G ratio of 0.40 and a beta of 1.46. Encore Capital Group has a 1-year low of $20.38 and a 1-year high of $39.19. The company has a debt-to-equity ratio of 3.91, a quick ratio of 0.77 and a current ratio of 0.77.
Encore Capital Group (NASDAQ:ECPG) last released its earnings results on Wednesday, November 6th. The asset manager reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.25. The firm had revenue of $355.94 million during the quarter, compared to analysts’ expectations of $348.73 million. Encore Capital Group had a return on equity of 19.85% and a net margin of 11.14%. Encore Capital Group’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.19 EPS.
Several hedge funds and other institutional investors have recently made changes to their positions in ECPG. Crossmark Global Holdings Inc. boosted its position in shares of Encore Capital Group by 3.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 11,280 shares of the asset manager’s stock valued at $382,000 after purchasing an additional 367 shares during the period. New York State Teachers Retirement System raised its stake in Encore Capital Group by 0.7% during the 2nd quarter. New York State Teachers Retirement System now owns 43,931 shares of the asset manager’s stock valued at $1,488,000 after acquiring an additional 300 shares during the last quarter. Arizona State Retirement System raised its stake in Encore Capital Group by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 39,870 shares of the asset manager’s stock valued at $1,350,000 after acquiring an additional 327 shares during the last quarter. Janney Capital Management LLC purchased a new stake in Encore Capital Group during the 2nd quarter valued at approximately $393,000. Finally, First Trust Advisors LP purchased a new stake in Encore Capital Group during the 2nd quarter valued at approximately $3,001,000.
About Encore Capital Group
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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