Equities research analysts expect Encore Capital Group, Inc. (NASDAQ:ECPG) to report $356.84 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Encore Capital Group’s earnings, with the highest sales estimate coming in at $374.80 million and the lowest estimate coming in at $340.06 million. Encore Capital Group reported sales of $349.75 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2%. The business is scheduled 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 year, analysts forecast that the firm will report sales of $1.51 billion, with estimates ranging from $1.44 billion to $1.60 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.26. The business had revenue of $347.08 million for the quarter, compared to the consensus estimate of $349.76 million. Encore Capital Group had a net margin of 10.37% and a return on equity of 21.02%.
A number of equities research analysts have recently issued reports on ECPG shares. BidaskClub downgraded shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. JMP Securities upped their target price on shares of Encore Capital Group from $37.00 to $42.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 28th. ValuEngine downgraded shares of Encore Capital Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. Finally, Oppenheimer set a $37.00 target price on shares of Encore Capital Group and gave the stock a “buy” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Encore Capital Group has an average rating of “Hold” and a consensus target price of $38.80.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pearl River Capital LLC purchased a new stake in shares of Encore Capital Group in the 1st quarter valued at approximately $40,000. Quantamental Technologies LLC purchased a new stake in shares of Encore Capital Group in the 1st quarter valued at approximately $121,000. Metropolitan Life Insurance Co. NY increased its position in shares of Encore Capital Group by 329.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,108 shares of the asset manager’s stock valued at $191,000 after purchasing an additional 6,218 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of Encore Capital Group in the 1st quarter valued at $222,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Encore Capital Group in the 1st quarter valued at $228,000.
Shares of Encore Capital Group stock traded down $0.36 on Tuesday, reaching $33.17. The company had a trading volume of 320,200 shares, compared to its average volume of 260,433. The business has a 50 day simple moving average of $35.06. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 0.49 and a beta of 1.59. Encore Capital Group has a 52-week low of $20.38 and a 52-week high of $41.50. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 4.11.
About Encore Capital Group
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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