Encore Capital Group (NASDAQ:ECPG - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.47 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.
Encore Capital Group (NASDAQ:ECPG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The asset manager reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.10. Encore Capital Group had a negative net margin of 15.43% and a positive return on equity of 11.12%. The company had revenue of $355.29 million during the quarter, compared to analysts' expectations of $346.06 million. During the same quarter in the prior year, the company earned $1.08 EPS. The firm's revenue was up 10.0% on a year-over-year basis. On average, analysts expect Encore Capital Group to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Encore Capital Group Trading Up 1.7 %
NASDAQ ECPG traded up $0.80 during trading on Wednesday, hitting $46.64. 35,464 shares of the company's stock traded hands, compared to its average volume of 146,082. The stock has a fifty day moving average of $47.04 and a two-hundred day moving average of $45.41. Encore Capital Group has a 12-month low of $34.74 and a 12-month high of $54.55. The firm has a market cap of $1.10 billion, a P/E ratio of -5.34 and a beta of 1.55. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.27 and a quick ratio of 1.27.
Analyst Upgrades and Downgrades
ECPG has been the topic of several recent research reports. Truist Financial reduced their price target on Encore Capital Group from $70.00 to $64.00 and set a "buy" rating on the stock in a research report on Tuesday, August 20th. JMP Securities reaffirmed a "market outperform" rating and issued a $60.00 target price on shares of Encore Capital Group in a research note on Monday, October 14th. Northland Capmk raised shares of Encore Capital Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, Northland Securities upgraded shares of Encore Capital Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $55.00 to $58.00 in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $60.67.
View Our Latest Report on ECPG
Encore Capital Group Company Profile
(
Get Free Report)
Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across 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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