Wall Street analysts expect Encore Capital Group, Inc. (NASDAQ:ECPG) to post earnings of $1.36 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Encore Capital Group’s earnings, with the highest EPS estimate coming in at $1.41 and the lowest estimate coming in at $1.29. Encore Capital Group reported earnings of $1.19 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The business is expected to issue its next quarterly earnings results on Wednesday, November 6th.

On average, analysts expect that Encore Capital Group will report full-year earnings of $5.65 per share for the current year, with EPS estimates ranging from $5.39 to $5.85. For the next fiscal year, analysts anticipate that the business will report earnings of $6.17 per share, with EPS estimates ranging from $5.63 to $6.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Encore Capital Group.

Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Wednesday, August 7th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.28. Encore Capital Group had a net margin of 11.14% and a return on equity of 19.85%. The company had revenue of $346.87 million for the quarter, compared to analysts’ expectations of $353.89 million. During the same quarter in the previous year, the company posted $1.33 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis.

ECPG has been the topic of several recent research reports. ValuEngine cut shares of Encore Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Keefe, Bruyette & Woods set a $45.00 target price on shares of Encore Capital Group and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Northland Securities reaffirmed a “buy” rating and set a $40.00 target price on shares of Encore Capital Group in a research note on Thursday, August 8th. Zacks Investment Research raised shares of Encore Capital Group from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Friday, August 9th. Finally, BidaskClub raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Encore Capital Group has an average rating of “Buy” and an average price target of $40.67.

ECPG traded up $0.31 on Monday, hitting $34.09. 219,876 shares of the company’s stock were exchanged, compared to its average volume of 494,994. Encore Capital Group has a fifty-two week low of $20.38 and a fifty-two week high of $39.19. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 3.91. The firm has a 50-day moving average price of $35.73 and a 200-day moving average price of $33.35. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 0.41 and a beta of 1.48.

Several hedge funds have recently made changes to their positions in ECPG. Dimensional Fund Advisors LP boosted its position in shares of Encore Capital Group by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,546,966 shares of the asset manager’s stock valued at $36,354,000 after acquiring an additional 18,488 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Encore Capital Group during the 1st quarter valued at about $283,000. Rhumbline Advisers boosted its position in shares of Encore Capital Group by 2.0% during the 1st quarter. Rhumbline Advisers now owns 77,762 shares of the asset manager’s stock valued at $2,117,000 after acquiring an additional 1,531 shares during the last quarter. Comerica Bank boosted its position in shares of Encore Capital Group by 2.8% during the 1st quarter. Comerica Bank now owns 25,349 shares of the asset manager’s stock valued at $730,000 after acquiring an additional 682 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in shares of Encore Capital Group by 3.9% during the 1st quarter. Texas Permanent School Fund now owns 17,405 shares of the asset manager’s stock valued at $474,000 after acquiring an additional 648 shares during the last quarter.

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.

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

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