Equities analysts expect Encore Capital Group, Inc. (NASDAQ:ECPG) to report $2.09 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Encore Capital Group’s earnings, with the lowest EPS estimate coming in at $1.96 and the highest estimate coming in at $2.39. Encore Capital Group reported earnings of $4.34 per share during the same quarter last year, which would indicate a negative year over year growth rate of 51.8%. The business is expected to issue its next earnings report after the market closes on Wednesday, August 4th.
On average, analysts expect that Encore Capital Group will report full year earnings of $9.21 per share for the current fiscal year, with EPS estimates ranging from $8.75 to $9.84. For the next year, analysts expect that the firm will post earnings of $8.27 per share, with EPS estimates ranging from $7.56 to $8.95. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Encore Capital Group.
Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, May 5th. The asset manager reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.88. Encore Capital Group had a net margin of 19.45% and a return on equity of 29.67%. The business had revenue of $416.84 million for the quarter, compared to analyst estimates of $375.63 million.
In related news, insider Ryan B. Bell sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 6th. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the transaction, the insider now owns 37,735 shares of the company’s stock, valued at $1,698,075. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura Olle sold 958 shares of the company’s stock in a transaction that occurred on Monday, June 21st. The shares were sold at an average price of $47.64, for a total transaction of $45,639.12. Following the transaction, the director now directly owns 27,268 shares in the company, valued at approximately $1,299,047.52. The disclosure for this sale can be found here. 2.01% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vantage Consulting Group Inc acquired a new position in Encore Capital Group during the fourth quarter worth approximately $28,000. Harbour Investments Inc. acquired a new position in Encore Capital Group during the first quarter worth approximately $104,000. Eaton Vance Management acquired a new position in Encore Capital Group during the first quarter worth approximately $146,000. Mutual of America Capital Management LLC increased its position in Encore Capital Group by 6.7% during the first quarter. Mutual of America Capital Management LLC now owns 4,187 shares of the asset manager’s stock worth $168,000 after purchasing an additional 262 shares during the last quarter. Finally, 6 Meridian acquired a new position in Encore Capital Group during the first quarter worth approximately $229,000.
Shares of Encore Capital Group stock traded down $1.07 on Friday, reaching $45.95. 1,069 shares of the stock were exchanged, compared to its average volume of 147,791. Encore Capital Group has a 1-year low of $29.21 and a 1-year high of $49.74. The company has a debt-to-equity ratio of 2.46, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s fifty day simple moving average is $46.81. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 4.71 and a beta of 1.59.
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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