Encore Capital Group (NASDAQ:ECPG) Releases Earnings Results, Beats Expectations By $0.25 EPS

Encore Capital Group (NASDAQ:ECPG) posted its quarterly earnings results on Wednesday. The asset manager reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.25, Briefing.com reports. The business had revenue of $355.94 million during the quarter, compared to the consensus estimate of $348.73 million. Encore Capital Group had a net margin of 11.14% and a return on equity of 19.85%. Encore Capital Group’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 earnings per share.

NASDAQ:ECPG traded up $0.53 during trading hours on Friday, hitting $36.64. The stock had a trading volume of 323,900 shares, compared to its average volume of 286,771. Encore Capital Group has a one year low of $20.38 and a one 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. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 7.36, a P/E/G ratio of 0.40 and a beta of 1.46. The business’s 50 day moving average is $33.44 and its 200-day moving average is $34.29.

ECPG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods set a $45.00 price target on shares of Encore Capital Group and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Northland Securities reissued a “buy” rating and set a $40.00 price target on shares of Encore Capital Group in a research note on Thursday. ValuEngine downgraded shares of Encore Capital Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 10th. Zacks Investment Research raised shares of Encore Capital Group from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Friday. Finally, BidaskClub raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Encore Capital Group has an average rating of “Buy” and an average price target of $40.33.

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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Earnings History for Encore Capital Group (NASDAQ:ECPG)

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