Equities research analysts expect Encore Capital Group, Inc. (NASDAQ:ECPG) to post earnings per share of $1.28 for the current quarter, according to Zacks. Five analysts have issued estimates for Encore Capital Group’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.21. Encore Capital Group posted earnings of $1.33 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.8%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Encore Capital Group will report full year earnings of $5.48 per share for the current year, with EPS estimates ranging from $5.25 to $5.65. For the next year, analysts expect that the business will post earnings of $6.07 per share, with EPS estimates ranging from $5.85 to $6.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Encore Capital Group.
Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Wednesday, May 8th. The asset manager reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.26. The company had revenue of $347.08 million during the quarter, compared to analysts’ expectations of $349.76 million. Encore Capital Group had a return on equity of 21.02% and a net margin of 10.37%.
ECPG has been the subject of several recent analyst reports. BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Oppenheimer set a $119.00 price objective on American Express and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, ValuEngine cut Yirendai from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $38.80.
Hedge funds and other institutional investors have recently modified their holdings of the company. Pearl River Capital LLC acquired a new stake in shares of Encore Capital Group in the first quarter valued at $40,000. Quantamental Technologies LLC acquired a new stake in shares of Encore Capital Group in the first quarter valued at $121,000. Metropolitan Life Insurance Co. NY grew its stake in Encore Capital Group by 329.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,108 shares of the asset manager’s stock worth $191,000 after purchasing an additional 6,218 shares in the last quarter. Sigma Planning Corp acquired a new position in Encore Capital Group during the 1st quarter worth $222,000. Finally, Victory Capital Management Inc. acquired a new position in Encore Capital Group during the 1st quarter worth $228,000.
ECPG stock opened at $34.75 on Tuesday. The stock’s fifty day simple moving average is $35.04. The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $1.08 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.49 and a beta of 1.50. Encore Capital Group has a 52-week low of $20.38 and a 52-week high of $41.50.
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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