Encore Capital Group (NASDAQ:ECPG) will post its quarterly earnings results after the market closes on Wednesday, November 7th. Analysts expect Encore Capital Group to post earnings of $1.19 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings results on Wednesday, August 8th. The asset manager reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.21. The firm had revenue of $349.75 million for the quarter, compared to analyst estimates of $335.05 million. Encore Capital Group had a return on equity of 20.28% and a net margin of 6.84%. Encore Capital Group’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. On average, analysts expect Encore Capital Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
NASDAQ:ECPG opened at $26.54 on Tuesday. The firm has a market cap of $826.45 million, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 0.43 and a beta of 1.80. Encore Capital Group has a 1-year low of $25.14 and a 1-year high of $49.83. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 5.74.
Several research analysts recently weighed in on ECPG shares. Zacks Investment Research lowered Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. ValuEngine lowered Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. William Blair reissued an “outperform” rating on shares of Encore Capital Group in a research report on Thursday, August 9th. BidaskClub raised Encore Capital Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 11th. Finally, UBS Group lowered Encore Capital Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Encore Capital Group currently has a consensus rating of “Hold” and a consensus target price of $47.33.
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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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