Analysts forecast that Encore Capital Group, Inc. (NASDAQ:ECPG) will post sales of $356.84 million for the current quarter, Zacks reports. Five analysts have provided estimates for Encore Capital Group’s earnings, with the lowest sales estimate coming in at $340.06 million and the highest estimate coming in at $374.80 million. Encore Capital Group reported sales of $349.75 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2%. The company is expected to issue its next quarterly earnings results on Wednesday, August 14th.
On average, analysts expect that Encore Capital Group will report full-year sales of $1.43 billion for the current year, with estimates ranging from $1.38 billion to $1.48 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.51 billion, with estimates ranging from $1.44 billion to $1.60 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Encore Capital Group.
Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Wednesday, May 8th. The asset manager reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.26. Encore Capital Group had a return on equity of 21.02% and a net margin of 10.37%. The company had revenue of $347.08 million during the quarter, compared to the consensus estimate of $349.76 million.
ECPG has been the subject of a number of research reports. Oppenheimer set a $119.00 target price on American Express and gave the company a “buy” rating in a research note on Wednesday, April 17th. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. ValuEngine downgraded Yirendai from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 26th. Finally, Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.80.
A number of large investors have recently made changes to their positions in ECPG. Oregon Public Employees Retirement Fund bought a new stake in Encore Capital Group during the fourth quarter worth about $229,000. PNC Financial Services Group Inc. grew its stake in shares of Encore Capital Group by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 32,777 shares of the asset manager’s stock valued at $770,000 after purchasing an additional 904 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Encore Capital Group by 4.4% during the fourth quarter. California Public Employees Retirement System now owns 56,962 shares of the asset manager’s stock valued at $1,339,000 after purchasing an additional 2,392 shares during the last quarter. BlackRock Inc. grew its stake in shares of Encore Capital Group by 2.9% during the fourth quarter. BlackRock Inc. now owns 3,819,438 shares of the asset manager’s stock valued at $89,757,000 after purchasing an additional 107,992 shares during the last quarter. Finally, Texas Permanent School Fund grew its stake in shares of Encore Capital Group by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 16,757 shares of the asset manager’s stock valued at $394,000 after purchasing an additional 652 shares during the last quarter.
ECPG stock traded up $0.50 during midday trading on Thursday, reaching $33.98. The company had a trading volume of 88,847 shares, compared to its average volume of 256,530. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s 50 day moving average price is $34.95. Encore Capital Group has a fifty-two week low of $20.38 and a fifty-two week high of $41.50. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 0.49 and a beta of 1.51.
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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