Equities research analysts expect Encore Capital Group, Inc. (NASDAQ:ECPG) to announce sales of $356.84 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Encore Capital Group’s earnings. The lowest sales estimate is $340.06 million and the highest is $374.80 million. Encore Capital Group posted sales of $349.75 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The company is expected to issue its next earnings report on Wednesday, August 14th.
On average, analysts expect that Encore Capital Group will report full-year sales of $1.43 billion for the current fiscal year, with estimates ranging from $1.38 billion to $1.48 billion. For the next year, analysts anticipate that the firm will report sales of $1.51 billion, with estimates ranging from $1.44 billion to $1.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Encore Capital Group.
Encore Capital Group (NASDAQ:ECPG) last released its quarterly 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. The firm had revenue of $347.08 million for the quarter, compared to analyst estimates of $349.76 million. Encore Capital Group had a net margin of 10.37% and a return on equity of 21.02%.
ECPG has been the topic of a number of research reports. ValuEngine lowered shares of Yirendai from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 26th. Oppenheimer set a $119.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Wednesday, April 17th. BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $38.80.
Several institutional investors and hedge funds have recently bought and sold shares of ECPG. BlackRock Inc. increased its stake in Encore Capital Group by 2.9% in 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in Encore Capital Group by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,546,966 shares of the asset manager’s stock valued at $36,354,000 after purchasing an additional 18,488 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in Encore Capital Group by 6.1% in the first quarter. Stephens Investment Management Group LLC now owns 549,270 shares of the asset manager’s stock valued at $14,957,000 after purchasing an additional 31,750 shares in the last quarter. Second Curve Capital LLC increased its stake in Encore Capital Group by 16.9% in the fourth quarter. Second Curve Capital LLC now owns 514,500 shares of the asset manager’s stock valued at $12,091,000 after purchasing an additional 74,500 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Encore Capital Group by 3.4% in the first quarter. Clearbridge Investments LLC now owns 453,490 shares of the asset manager’s stock valued at $12,349,000 after purchasing an additional 14,930 shares in the last quarter.
Shares of ECPG stock opened at $34.75 on Thursday. Encore Capital Group has a 1 year low of $20.38 and a 1 year high of $41.50. The business’s 50 day moving average is $35.04. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 6.40, a price-to-earnings-growth ratio of 0.49 and a beta of 1.50. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.85 and a quick ratio of 0.85.
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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