
Encore Capital Group Inc (NASDAQ:ECPG – Free Report) – Northland Securities increased their FY2026 earnings per share estimates for Encore Capital Group in a report released on Wednesday, November 4th. Northland Securities analyst M. Grondahl now forecasts that the asset manager will post earnings of $15.75 per share for the year, up from their prior forecast of $13.50. The consensus estimate for Encore Capital Group’s current full-year earnings is $16.11 per share. Northland Securities also issued estimates for Encore Capital Group’s FY2027 earnings at $16.50 EPS.
Encore Capital Group (NASDAQ:ECPG – Get Free Report) last announced its earnings results on Wednesday, November 4th. The asset manager reported $5.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.35 by $2.22. Encore Capital Group had a return on equity of 34.07% and a net margin of 17.67%. The company had revenue of $544.54 million during the quarter, compared to analyst estimates of $466.80 million. During the same period last year, the company posted $3.17 earnings per share. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year.
Other research analysts have also recently issued reports about the company. Citigroup reaffirmed a “market outperform” rating on shares of Encore Capital Group in a research report on Thursday. Zacks Research lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings upgraded Encore Capital Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen raised Encore Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citizens Jmp raised their price target on shares of Encore Capital Group from $115.00 to $140.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 5th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.67.
Read Our Latest Analysis on ECPG
Encore Capital Group Stock Performance
ECPG opened at $111.98 on Monday. The business’s 50-day moving average price is $100.11 and its two-hundred day moving average price is $84.50. Encore Capital Group has a 1 year low of $47.49 and a 1 year high of $126.74. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 7.17 and a beta of 1.29. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.96 and a quick ratio of 0.96.
Institutional Trading of Encore Capital Group
Several institutional investors have recently modified their holdings of the business. Maryland State Retirement & Pension System raised its position in Encore Capital Group by 51.3% during the 3rd quarter. Maryland State Retirement & Pension System now owns 4,744 shares of the asset manager’s stock worth $448,000 after purchasing an additional 1,608 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in Encore Capital Group by 4.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,825 shares of the asset manager’s stock worth $267,000 after buying an additional 110 shares during the period. Signaturefd LLC lifted its holdings in Encore Capital Group by 185.9% during the 3rd quarter. Signaturefd LLC now owns 366 shares of the asset manager’s stock worth $35,000 after buying an additional 238 shares during the period. Kendall Capital Management acquired a new position in Encore Capital Group during the 3rd quarter worth about $508,000. Finally, Carnegie Investment Counsel grew its position in shares of Encore Capital Group by 2.3% in the 3rd quarter. Carnegie Investment Counsel now owns 28,030 shares of the asset manager’s stock valued at $2,647,000 after buying an additional 636 shares during the last quarter.
About Encore Capital Group
Encore Capital Group (NASDAQ: ECPG) is a specialty finance company that purchases portfolios of charged-off consumer debt and works to recover amounts owed. Its activities include managing repayment arrangements and providing customer support through its own operations and service providers.
The company operates through businesses including Midland Credit Management in the United States and Cabot Credit Management in the United Kingdom and other European markets. Its operations also include customer-service and support functions in India.
Founded in 1999 and headquartered in San Diego, California, Encore focuses on consumer receivables and related recovery services.
Read More
- Five stocks we like better than Encore Capital Group
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
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.
