Equities analysts expect that Encore Capital Group, Inc. (NASDAQ:ECPG) will report earnings per share of $1.18 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Encore Capital Group’s earnings, with the lowest EPS estimate coming in at $1.13 and the highest estimate coming in at $1.23. Encore Capital Group posted earnings of $1.15 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The business is expected to announce its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Encore Capital Group will report full year earnings of $4.81 per share for the current fiscal year, with EPS estimates ranging from $4.77 to $4.85. For the next year, analysts forecast that the business will post earnings of $5.57 per share, with EPS estimates ranging from $5.41 to $5.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Encore Capital Group.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, August 8th. The asset manager reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.21. The company had revenue of $349.75 million during the quarter, compared to analysts’ expectations of $335.05 million. Encore Capital Group had a return on equity of 20.28% and a net margin of 6.84%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the business earned $0.87 earnings per share.

A number of brokerages have issued reports on ECPG. William Blair reissued an “outperform” rating on shares of Encore Capital Group in a report on Thursday, August 9th. BidaskClub cut Encore Capital Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 30th. Zacks Investment Research cut Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. ValuEngine raised Encore Capital Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Encore Capital Group in a report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $49.75.

Institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its stake in Encore Capital Group by 7.3% in the 2nd quarter. Northern Trust Corp now owns 673,970 shares of the asset manager’s stock valued at $24,667,000 after acquiring an additional 45,877 shares in the last quarter. Granahan Investment Management Inc. MA raised its stake in shares of Encore Capital Group by 23.1% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 97,314 shares of the asset manager’s stock worth $3,562,000 after purchasing an additional 18,262 shares in the last quarter. Millennium Management LLC raised its stake in shares of Encore Capital Group by 28.6% during the 2nd quarter. Millennium Management LLC now owns 697,362 shares of the asset manager’s stock worth $25,523,000 after purchasing an additional 155,105 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Encore Capital Group during the 2nd quarter worth approximately $343,000. Finally, OppenheimerFunds Inc. raised its stake in shares of Encore Capital Group by 14.3% during the 2nd quarter. OppenheimerFunds Inc. now owns 19,893 shares of the asset manager’s stock worth $728,000 after purchasing an additional 2,494 shares in the last quarter.

Shares of NASDAQ ECPG traded down $0.55 during midday trading on Wednesday, reaching $37.20. 419,100 shares of the company traded hands, compared to its average volume of 281,879. The stock has a market cap of $1.17 billion, a PE ratio of 9.34, a PEG ratio of 0.61 and a beta of 1.56. Encore Capital Group has a 12 month low of $35.15 and a 12 month 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.

About Encore Capital Group

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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Get a free copy of the Zacks research report on Encore Capital Group (ECPG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Encore Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.