Encore Capital Group (NASDAQ:ECPG) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
ECPG has been the subject of a number of other reports. Zacks Investment Research lowered shares of Encore Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Oppenheimer started coverage on shares of Encore Capital Group in a research note on Monday, January 8th. They issued a “buy” rating and a $53.00 price objective for the company. ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Janney Montgomery Scott restated a “hold” rating on shares of Encore Capital Group in a research report on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Encore Capital Group has an average rating of “Buy” and an average price target of $50.90.
Encore Capital Group (ECPG) opened at $44.65 on Friday. Encore Capital Group has a one year low of $28.95 and a one year high of $52.00. The firm has a market cap of $1,123.77, a P/E ratio of 14.17, a P/E/G ratio of 0.72 and a beta of 1.68. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 6.03.
Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, February 21st. The asset manager reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. Encore Capital Group had a net margin of 7.01% and a return on equity of 18.70%. The business had revenue of $317.48 million during the quarter, compared to analyst estimates of $297.72 million. During the same period in the previous year, the business earned $0.72 EPS. Encore Capital Group’s revenue was up 17.0% compared to the same quarter last year. equities analysts predict that Encore Capital Group will post 4.68 earnings per share for the current fiscal year.
In other news, insider Paul Grinberg sold 18,773 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $41.88, for a total transaction of $786,213.24. Following the completion of the transaction, the insider now directly owns 200,518 shares in the company, valued at approximately $8,397,693.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 114,138 shares of company stock valued at $4,801,521 over the last 90 days. Company insiders own 8.80% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Capital Management LLC purchased a new position in shares of Encore Capital Group during the 3rd quarter valued at $217,000. Sigma Planning Corp purchased a new position in shares of Encore Capital Group during the 3rd quarter valued at $249,000. Convergence Investment Partners LLC purchased a new position in shares of Encore Capital Group during the 4th quarter valued at $285,000. Mackenzie Financial Corp grew its position in shares of Encore Capital Group by 16.8% during the 3rd quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock valued at $351,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Encore Capital Group during the 4th quarter valued at $354,000.
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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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