Media stories about Encore Capital Group (NASDAQ:ECPG) have been trending positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Encore Capital Group earned a news sentiment score of 0.40 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 45.7223967699946 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Encore Capital Group (NASDAQ:ECPG) traded up 1.44% on Wednesday, reaching $45.65. 196,170 shares of the company’s stock traded hands. Encore Capital Group has a 52 week low of $17.66 and a 52 week high of $46.20. The company’s 50-day moving average is $41.64 and its 200-day moving average is $38.29. The firm has a market capitalization of $1.18 billion, a P/E ratio of 18.70 and a beta of 1.79.
Encore Capital Group (NASDAQ:ECPG) last released its earnings results on Thursday, August 3rd. The asset manager reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The firm had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $275.18 million. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 EPS. Equities research analysts anticipate that Encore Capital Group will post $3.69 earnings per share for the current fiscal year.
ECPG has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Northland Securities reaffirmed a “hold” rating and set a $44.00 price target on shares of Encore Capital Group in a report on Friday, August 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $49.50 price target on shares of Encore Capital Group in a report on Thursday, August 10th. BidaskClub lowered shares of Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, ValuEngine raised shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Encore Capital Group currently has an average rating of “Hold” and an average target price of $38.88.
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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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