Encore Capital Group, Inc. (NASDAQ:ECPG) – Investment analysts at Oppenheimer boosted their FY2019 earnings per share (EPS) estimates for Encore Capital Group in a research note issued on Wednesday, November 6th. Oppenheimer analyst D. Gabriele now expects that the asset manager will earn $6.32 per share for the year, up from their previous forecast of $5.39.

A number of other research firms have also recently weighed in on ECPG. ValuEngine cut shares of Encore Capital Group from a “sell” rating to a “strong sell” rating in a report on Thursday, October 10th. Zacks Investment Research upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, November 8th. Keefe, Bruyette & Woods reiterated a “reduce” rating and issued a $50.00 target price (up from $45.00) on shares of Encore Capital Group in a research note on Sunday. BidaskClub upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Finally, Northland Securities reiterated a “buy” rating and issued a $40.00 target price on shares of Encore Capital Group in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.17.

Shares of NASDAQ:ECPG traded down $0.18 during trading on Monday, reaching $36.03. The stock had a trading volume of 533 shares, compared to its average volume of 286,717. Encore Capital Group has a one year low of $20.38 and a one year high of $39.19. The company has a market capitalization of $1.14 billion, a P/E ratio of 7.21, a PEG ratio of 1.01 and a beta of 1.46. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 3.71. The firm’s 50-day simple moving average is $33.58 and its 200 day simple moving average is $34.39.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings results on Wednesday, November 6th. The asset manager reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.25. Encore Capital Group had a net margin of 12.28% and a return on equity of 20.85%. The business had revenue of $355.94 million for the quarter, compared to analysts’ expectations of $348.73 million. During the same period last year, the business earned $1.19 EPS. The company’s revenue was up 5.7% compared to the same quarter last year.

A number of hedge funds have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System boosted its stake in Encore Capital Group by 0.7% in the 2nd quarter. New York State Teachers Retirement System now owns 43,931 shares of the asset manager’s stock worth $1,488,000 after purchasing an additional 300 shares in the last quarter. Arizona State Retirement System lifted its stake in Encore Capital Group by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 39,870 shares of the asset manager’s stock valued at $1,350,000 after acquiring an additional 327 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Encore Capital Group by 3.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 11,280 shares of the asset manager’s stock valued at $382,000 after acquiring an additional 367 shares during the period. UBS Asset Management Americas Inc. lifted its stake in Encore Capital Group by 2.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 19,196 shares of the asset manager’s stock valued at $650,000 after acquiring an additional 394 shares during the period. Finally, Pinebridge Investments L.P. lifted its stake in Encore Capital Group by 2.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 27,381 shares of the asset manager’s stock valued at $927,000 after acquiring an additional 533 shares during the period.

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

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