$2.15 EPS Expected for Encore Capital Group, Inc. (NASDAQ:ECPG) This Quarter

Brokerages expect that Encore Capital Group, Inc. (NASDAQ:ECPG) will announce $2.15 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Encore Capital Group’s earnings. The highest EPS estimate is $2.68 and the lowest is $1.90. Encore Capital Group posted earnings per share of $1.30 in the same quarter last year, which would indicate a positive year over year growth rate of 65.4%. The company is expected to report its next earnings report on Wednesday, February 23rd.

On average, analysts expect that Encore Capital Group will report full year earnings of $10.90 per share for the current fiscal year, with EPS estimates ranging from $10.60 to $11.41. For the next fiscal year, analysts anticipate that the company will post earnings of $8.60 per share, with EPS estimates ranging from $6.61 to $9.94. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Encore Capital Group.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, November 3rd. The asset manager reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.54. The business had revenue of $412.62 million during the quarter, compared to analysts’ expectations of $372.31 million. Encore Capital Group had a return on equity of 24.63% and a net margin of 19.03%. During the same quarter in the prior year, the business posted $2.31 earnings per share.

Several research firms recently issued reports on ECPG. JMP Securities increased their target price on Encore Capital Group from $54.00 to $71.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 4th. Zacks Investment Research cut Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, November 8th. Finally, Northland Securities increased their target price on Encore Capital Group from $70.00 to $75.00 in a research report on Friday.

Shares of NASDAQ:ECPG traded up $3.45 during trading on Friday, hitting $67.42. 482,082 shares of the company’s stock were exchanged, compared to its average volume of 681,831. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.74 and a quick ratio of 0.74. Encore Capital Group has a 52-week low of $29.21 and a 52-week high of $67.61. The business’s 50-day simple moving average is $59.50 and its 200 day simple moving average is $52.48. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 6.83 and a beta of 1.43.

In related news, CAO Gregory L. Call sold 10,000 shares of the stock in a transaction that occurred on Monday, December 20th. The stock was sold at an average price of $57.81, for a total transaction of $578,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 80,000 shares of company stock valued at $4,839,700. 2.01% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its stake in shares of Encore Capital Group by 19.4% in the 2nd quarter. Advisor Group Holdings Inc. now owns 1,418 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 230 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Encore Capital Group by 0.9% in the 2nd quarter. New York State Common Retirement Fund now owns 28,358 shares of the asset manager’s stock valued at $1,344,000 after purchasing an additional 258 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Encore Capital Group by 3.8% in the 2nd quarter. Arizona State Retirement System now owns 8,520 shares of the asset manager’s stock valued at $404,000 after purchasing an additional 308 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Encore Capital Group by 43.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,730 shares of the asset manager’s stock valued at $1,172,000 after purchasing an additional 7,541 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of Encore Capital Group in the 2nd quarter valued at approximately $278,000.

About Encore Capital Group

Encore Capital Group, Inc engages in the provision of debt management and recovery solutions for consumers and property owners across a broad range of financial assets. It operates through the following geographical segments: United States, International, Europe, and Other. The company was founded in April 1999 and is headquartered in San Diego, CA.

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Earnings History and Estimates for Encore Capital Group (NASDAQ:ECPG)

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