Analysts expect Encore Capital Group Inc (NASDAQ:ECPG) to announce $273.65 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Encore Capital Group’s earnings. The lowest sales estimate is $257.50 million and the highest is $279.47 million. Encore Capital Group posted sales of $289.44 million in the same quarter last year, which would indicate a negative year over year growth rate of 5.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 3rd.
On average, analysts expect that Encore Capital Group will report full-year sales of $273.65 million for the current financial year, with estimates ranging from $1.06 billion to $1.13 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.21 billion per share, with estimates ranging from $1.19 billion to $1.25 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Encore Capital Group.
Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Thursday, May 4th. The asset manager reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Encore Capital Group had a net margin of 7.21% and a return on equity of 13.72%. The company had revenue of $271.94 million during the quarter, compared to the consensus estimate of $280.93 million. During the same quarter last year, the firm posted $1.31 EPS. The company’s quarterly revenue was down 5.9% on a year-over-year basis.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Wednesday, June 28th. Keefe, Bruyette & Woods initiated coverage on shares of Encore Capital Group in a research report on Wednesday, May 24th. They set an “outperform” rating and a $45.00 price target for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Encore Capital Group currently has an average rating of “Hold” and an average target price of $33.00.
A number of institutional investors have recently bought and sold shares of ECPG. Mason Street Advisors LLC raised its position in Encore Capital Group by 7.3% in the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock valued at $170,000 after buying an additional 374 shares during the last quarter. State of Alaska Department of Revenue raised its position in Encore Capital Group by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock valued at $187,000 after buying an additional 2,072 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Encore Capital Group during the second quarter valued at $201,000. UBS Asset Management Americas Inc. bought a new position in Encore Capital Group during the first quarter valued at $212,000. Finally, Russell Investments Group Ltd. bought a new position in Encore Capital Group during the first quarter valued at $232,000.
Shares of Encore Capital Group (ECPG) traded down 1.23% on Friday, hitting $40.15. 168,666 shares of the stock were exchanged. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 14.31 and a beta of 1.77. The stock’s 50-day moving average is $39.58 and its 200-day moving average is $34.33. Encore Capital Group has a 1-year low of $17.66 and a 1-year high of $41.38.
About Encore Capital Group
Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.
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