Analysts expect Encore Capital Group, Inc. (NASDAQ:ECPG) to announce earnings per share (EPS) of $0.91 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Encore Capital Group’s earnings. The lowest EPS estimate is $0.90 and the highest is $0.92. Encore Capital Group reported earnings of $0.14 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 550%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that Encore Capital Group will report full-year earnings of $3.70 per share for the current year, with EPS estimates ranging from $3.66 to $3.75. For the next fiscal year, analysts forecast that the company will report earnings of $4.05 per share, with EPS estimates ranging from $3.84 to $4.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Encore Capital Group.
Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. Encore Capital Group had a net margin of 6.56% and a return on equity of 14.07%. The firm had revenue of $290.92 million for the quarter, compared to analysts’ expectations of $275.18 million. During the same quarter last year, the company posted $1.29 earnings per share. Encore Capital Group’s revenue was up .5% on a year-over-year basis.
A number of analysts recently weighed in on ECPG shares. ValuEngine raised shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $49.50 target price on shares of Encore Capital Group in a research note on Thursday, August 10th. Northland Securities reissued a “hold” rating and issued a $44.00 target price on shares of Encore Capital Group in a research note on Friday, August 4th. BidaskClub cut shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Encore Capital Group has an average rating of “Hold” and an average price target of $38.88.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Broad Run Investment Management LLC increased its stake in Encore Capital Group by 0.6% in the second quarter. Broad Run Investment Management LLC now owns 2,912,052 shares of the asset manager’s stock valued at $116,919,000 after acquiring an additional 17,188 shares during the period. BlackRock Inc. grew its stake in Encore Capital Group by 1.1% during the second quarter. BlackRock Inc. now owns 2,511,735 shares of the asset manager’s stock worth $100,846,000 after buying an additional 27,239 shares during the last quarter. William Blair Investment Management LLC grew its stake in Encore Capital Group by 5.3% during the second quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock worth $95,159,000 after buying an additional 119,655 shares during the last quarter. Vanguard Group Inc. grew its stake in Encore Capital Group by 3.4% during the second quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock worth $88,317,000 after buying an additional 71,478 shares during the last quarter. Finally, FMR LLC grew its stake in Encore Capital Group by 110.6% during the second quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock worth $52,142,000 after buying an additional 682,097 shares during the last quarter.
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Shares of Encore Capital Group (ECPG) traded up 1.83% during trading on Tuesday, reaching $47.25. 320,387 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $43.53 and a 200-day moving average price of $39.45. Encore Capital Group has a 52-week low of $17.66 and a 52-week high of $48.05. The company has a market capitalization of $1.22 billion, a PE ratio of 19.36 and a beta of 1.79.
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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