FY2025 Earnings Forecast for ECPG Issued By Northland Capmk

Encore Capital Group Inc (NASDAQ:ECPG) – Research analysts at Northland Capmk raised their FY2025 earnings estimates for Encore Capital Group in a research note issued to investors on Thursday, November 6th. Northland Capmk analyst M. Grondahl now forecasts that the asset manager will post earnings per share of $9.52 for the year, up from their prior forecast of $8.31. The consensus estimate for Encore Capital Group’s current full-year earnings is $5.09 per share.

Several other equities analysts have also recently weighed in on ECPG. Weiss Ratings reiterated a “sell (d-)” rating on shares of Encore Capital Group in a research report on Wednesday, October 8th. Janney Montgomery Scott lifted their target price on Encore Capital Group from $56.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Wall Street Zen raised shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Zacks Research upgraded shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.67.

Encore Capital Group Trading Up 0.2%

Shares of ECPG stock opened at $49.71 on Monday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -13.29 and a beta of 1.43. The company’s fifty day simple moving average is $43.57 and its two-hundred day simple moving average is $40.62. Encore Capital Group has a 1 year low of $26.45 and a 1 year high of $51.77. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.81 and a quick ratio of 0.81.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, November 5th. The asset manager reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $1.25. The company had revenue of $460.35 million for the quarter, compared to analysts’ expectations of $410.70 million. Encore Capital Group had a negative net margin of 6.07% and a positive return on equity of 19.61%. Encore Capital Group’s revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tredje AP fonden purchased a new stake in Encore Capital Group during the third quarter valued at about $923,000. Heartland Advisors Inc. raised its holdings in shares of Encore Capital Group by 17.7% during the 3rd quarter. Heartland Advisors Inc. now owns 350,850 shares of the asset manager’s stock valued at $14,644,000 after buying an additional 52,700 shares in the last quarter. GSA Capital Partners LLP lifted its position in Encore Capital Group by 13.9% in the 3rd quarter. GSA Capital Partners LLP now owns 43,983 shares of the asset manager’s stock worth $1,836,000 after buying an additional 5,371 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Encore Capital Group by 12.7% in the third quarter. Public Sector Pension Investment Board now owns 89,744 shares of the asset manager’s stock worth $3,746,000 after buying an additional 10,103 shares in the last quarter. Finally, LSV Asset Management bought a new position in Encore Capital Group during the third quarter valued at approximately $88,000.

About Encore Capital Group

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across 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.