Encore Capital Group, Inc. (NASDAQ:ECPG) – Stock analysts at First Analysis lowered their Q4 2017 earnings per share estimates for Encore Capital Group in a research note issued to investors on Friday. First Analysis analyst L. Berlin now expects that the asset manager will earn $0.93 per share for the quarter, down from their prior forecast of $0.94. First Analysis also issued estimates for Encore Capital Group’s Q1 2018 earnings at $0.89 EPS, Q2 2018 earnings at $0.94 EPS, Q3 2018 earnings at $1.09 EPS and FY2018 earnings at $3.94 EPS.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $49.50 target price on shares of Encore Capital Group in a report on Thursday, August 10th. Janney Montgomery Scott reissued a “hold” rating on shares of Encore Capital Group in a report on Saturday, November 18th. SunTrust Banks reissued a “buy” rating and issued a $57.00 target price on shares of Encore Capital Group in a report on Friday, November 3rd. Finally, Northland Securities restated a “hold” rating and issued a $49.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Encore Capital Group has an average rating of “Hold” and an average price target of $43.50.

Shares of Encore Capital Group (NASDAQ ECPG) opened at $44.90 on Monday. Encore Capital Group has a fifty-two week low of $26.30 and a fifty-two week high of $52.00. The company has a debt-to-equity ratio of 5.60, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $1,160.00, a PE ratio of 12.45 and a beta of 1.80.

A number of hedge funds have recently modified their holdings of the stock. Broad Run Investment Management LLC increased its position in Encore Capital Group by 0.6% in the 2nd quarter. Broad Run Investment Management LLC now owns 2,912,052 shares of the asset manager’s stock valued at $116,919,000 after acquiring an additional 17,188 shares during the period. BlackRock Inc. increased its position in Encore Capital Group by 1.1% in the 2nd quarter. BlackRock Inc. now owns 2,511,735 shares of the asset manager’s stock valued at $100,846,000 after acquiring an additional 27,239 shares during the period. William Blair Investment Management LLC increased its position in Encore Capital Group by 5.3% in the 2nd quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock valued at $95,159,000 after acquiring an additional 119,655 shares during the period. Vanguard Group Inc. increased its position in Encore Capital Group by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock worth $88,317,000 after purchasing an additional 71,478 shares during the period. Finally, FMR LLC increased its position in Encore Capital Group by 110.6% during the 2nd quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock worth $52,142,000 after purchasing an additional 682,097 shares during the period.

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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.

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

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