Encore Capital Group Inc (ECPG) Set to Announce Quarterly Earnings on Thursday
Encore Capital Group Inc (NASDAQ:ECPG) will announce its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.91 per share for the quarter.
Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The business had revenue of $290.92 million for the quarter, compared to the consensus estimate of $275.18 million. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. On average, analysts expect Encore Capital Group to post $3.69 EPS for the current fiscal year and $4.02 EPS for the next fiscal year.
Encore Capital Group Inc (NASDAQ:ECPG) opened at 46.45 on Wednesday. The company’s 50-day moving average is $44.31 and its 200 day moving average is $39.91. The firm has a market cap of $1.20 billion, a P/E ratio of 19.03 and a beta of 1.79. Encore Capital Group Inc has a 12 month low of $17.66 and a 12 month high of $48.05.
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A number of equities analysts have weighed in on the company. BidaskClub downgraded Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. ValuEngine raised Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $49.50 price target on shares of Encore Capital Group in a research report on Thursday, August 10th. Finally, Northland Securities reaffirmed a “hold” rating and set a $44.00 price target on shares of Encore Capital Group in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.88.
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.
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