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.

Earnings History for Encore Capital Group (NASDAQ:ECPG)

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