Brokerages forecast that Encore Capital Group, Inc. (NASDAQ:ECPG) will report $342.81 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Encore Capital Group’s earnings, with the highest sales estimate coming in at $348.40 million and the lowest estimate coming in at $337.05 million. Encore Capital Group reported sales of $306.70 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Encore Capital Group will report full year sales of $1.37 billion for the current fiscal year, with estimates ranging from $1.35 billion to $1.38 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.49 billion, with estimates ranging from $1.45 billion to $1.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover 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 for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.21. The business had revenue of $349.75 million for the quarter, compared to the consensus estimate of $335.05 million. Encore Capital Group had a return on equity of 20.28% and a net margin of 6.84%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS.

Several research analysts have commented on the company. BidaskClub raised Encore Capital Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 11th. Oppenheimer reaffirmed a “buy” rating on shares of Encore Capital Group in a research report on Monday, July 16th. ValuEngine downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Zacks Investment Research downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, UBS Group downgraded Encore Capital Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 2nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Encore Capital Group has an average rating of “Hold” and an average target price of $49.75.

A number of hedge funds and other institutional investors have recently modified their holdings of ECPG. Profund Advisors LLC acquired a new stake in shares of Encore Capital Group during the 1st quarter worth approximately $212,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Encore Capital Group during the 1st quarter worth approximately $228,000. Hsbc Holdings PLC acquired a new stake in shares of Encore Capital Group during the 1st quarter worth approximately $395,000. Stevens Capital Management LP acquired a new stake in shares of Encore Capital Group during the 2nd quarter worth approximately $334,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Encore Capital Group during the 2nd quarter worth approximately $343,000.

NASDAQ ECPG traded down $0.53 during trading on Monday, hitting $30.06. The company’s stock had a trading volume of 242,812 shares, compared to its average volume of 285,877. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 5.74. The company has a market cap of $1.11 billion, a P/E ratio of 7.50, a P/E/G ratio of 0.57 and a beta of 1.55. Encore Capital Group has a 52 week low of $29.97 and a 52 week high of $52.00.

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

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