Wall Street analysts predict that Encore Capital Group, Inc. (NASDAQ:ECPG) will announce sales of $329.18 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Encore Capital Group’s earnings. The lowest sales estimate is $322.55 million and the highest is $334.40 million. Encore Capital Group reported sales of $290.92 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.2%. The business is scheduled to issue its next earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Encore Capital Group will report full year sales of $1.35 billion for the current financial year, with estimates ranging from $1.33 billion to $1.38 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.48 billion per share, with estimates ranging from $1.45 billion to $1.53 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Encore Capital Group.
Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Tuesday, May 8th. The asset manager reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.06). Encore Capital Group had a return on equity of 18.81% and a net margin of 6.68%. The firm had revenue of $326.79 million during the quarter, compared to analysts’ expectations of $326.38 million. During the same period last year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year.
A number of research firms recently weighed in on ECPG. ValuEngine lowered shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. Oppenheimer set a $55.00 price objective on shares of Encore Capital Group and gave the stock a “buy” rating in a research report on Wednesday, May 9th. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Wednesday, May 9th. Finally, BidaskClub lowered shares of Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Encore Capital Group presently has a consensus rating of “Hold” and an average price target of $52.30.
Encore Capital Group traded down $0.40, reaching $36.60, during midday trading on Tuesday, Marketbeat Ratings reports. The stock had a trading volume of 225,100 shares, compared to its average volume of 229,240. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.89 and a quick ratio of 0.89. Encore Capital Group has a 52-week low of $36.30 and a 52-week high of $52.00. The firm has a market capitalization of $953.76 million, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54.
Hedge funds have recently modified their holdings of the business. Profund Advisors LLC bought a new position in Encore Capital Group in the 1st quarter worth about $212,000. 6 Meridian bought a new position in Encore Capital Group in the 1st quarter worth about $220,000. Xact Kapitalforvaltning AB bought a new position in Encore Capital Group in the 1st quarter worth about $228,000. Cambria Investment Management L.P. bought a new position in Encore Capital Group in the 1st quarter worth about $229,000. Finally, Victory Capital Management Inc. bought a new position in Encore Capital Group in the 1st quarter worth about $279,000.
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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