Equities analysts expect Encore Capital Group, Inc. (NASDAQ:ECPG) to post $342.81 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Encore Capital Group’s earnings, with the highest sales estimate coming in at $348.40 million and the lowest estimate coming in at $337.05 million. Encore Capital Group reported sales of $306.70 million during the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The company is expected to issue its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Encore Capital Group will report full year sales of $1.37 billion for the current financial year, with estimates ranging from $1.35 billion to $1.38 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.49 billion per share, with estimates ranging from $1.45 billion to $1.55 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Encore Capital Group.
Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Wednesday, August 8th. The asset manager reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.21. Encore Capital Group had a net margin of 6.84% and a return on equity of 20.28%. The business had revenue of $349.75 million during the quarter, compared to the consensus estimate of $335.05 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year.
ECPG has been the subject of several analyst reports. Zacks Investment Research cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. ValuEngine cut shares of Encore Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Oppenheimer set a $55.00 price target on shares of Encore Capital Group and gave the stock a “buy” rating in a report on Wednesday, May 16th. William Blair reissued an “outperform” rating on shares of Encore Capital Group in a report on Thursday, August 9th. Finally, BidaskClub cut shares of Encore Capital Group from a “hold” rating to a “sell” rating in a report on Monday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Encore Capital Group has a consensus rating of “Hold” and a consensus target price of $49.75.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Encore Capital Group by 11.4% during the second quarter. BlackRock Inc. now owns 3,472,434 shares of the asset manager’s stock worth $127,092,000 after purchasing an additional 354,784 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Encore Capital Group by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,454,193 shares of the asset manager’s stock valued at $53,224,000 after buying an additional 129,942 shares in the last quarter. Millennium Management LLC increased its holdings in Encore Capital Group by 28.6% in the second quarter. Millennium Management LLC now owns 697,362 shares of the asset manager’s stock valued at $25,523,000 after buying an additional 155,105 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Encore Capital Group by 0.8% in the first quarter. Principal Financial Group Inc. now owns 199,793 shares of the asset manager’s stock valued at $9,031,000 after buying an additional 1,593 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in Encore Capital Group by 10.8% in the first quarter. Citigroup Inc. now owns 196,896 shares of the asset manager’s stock valued at $8,900,000 after buying an additional 19,153 shares in the last quarter.
Shares of ECPG traded up $0.15 during mid-day trading on Tuesday, hitting $38.35. 10,028 shares of the company’s stock were exchanged, compared to its average volume of 434,592. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.62 and a beta of 1.56. Encore Capital Group has a fifty-two week low of $35.15 and a fifty-two week high of $52.00. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.63 and a current ratio of 0.63.
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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