Equities research analysts expect Encore Capital Group (NASDAQ:ECPG) to report earnings per share of $1.01 for the current quarter, Zacks reports. Four analysts have made estimates for Encore Capital Group’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $0.92. Encore Capital Group posted earnings of $0.95 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The business is expected to report its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Encore Capital Group will report full-year earnings of $4.68 per share for the current year, with EPS estimates ranging from $4.64 to $4.70. For the next financial year, analysts forecast that the firm will report earnings of $5.46 per share, with EPS estimates ranging from $5.08 to $5.89. Zacks Investment Research’s earnings per share calculations 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 quarterly earnings results on Wednesday, February 21st. The asset manager reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.11. The company had revenue of $317.48 million during the quarter, compared to the consensus estimate of $297.72 million. Encore Capital Group had a return on equity of 18.70% and a net margin of 7.01%. Encore Capital Group’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share.
A number of analysts recently commented on the company. ValuEngine raised Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. BidaskClub raised Encore Capital Group from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Finally, Oppenheimer set a $51.00 price objective on Encore Capital Group and gave the company a “buy” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Encore Capital Group has an average rating of “Buy” and a consensus price target of $50.90.
In other Encore Capital Group news, insider Paul Grinberg sold 18,773 shares of the stock in a transaction on Monday, February 26th. The stock was 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 of the company’s stock, valued at $8,397,693.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.80% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Convergence Investment Partners LLC bought a new position in shares of Encore Capital Group in the fourth quarter worth $285,000. Teacher Retirement System of Texas bought a new position in shares of Encore Capital Group in the fourth quarter worth $354,000. Renaissance Technologies LLC bought a new position in shares of Encore Capital Group in the fourth quarter worth $358,000. Mackenzie Financial Corp boosted its holdings in shares of Encore Capital Group by 42.4% in the fourth quarter. Mackenzie Financial Corp now owns 11,301 shares of the asset manager’s stock worth $476,000 after acquiring an additional 3,367 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in shares of Encore Capital Group in the fourth quarter worth $483,000.
Shares of ECPG traded up $0.10 on Monday, reaching $45.15. 103,202 shares of the company’s stock traded hands, compared to its average volume of 216,665. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 6.03. The company has a market capitalization of $1,162.48, a price-to-earnings ratio of 11.26, a PEG ratio of 0.74 and a beta of 1.62. Encore Capital Group has a 52-week low of $30.30 and a 52-week high of $52.00.
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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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