Wall Street brokerages predict that Encore Capital Group, Inc. (NASDAQ:ECPG – Get Rating) will post sales of $342.75 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Encore Capital Group’s earnings. The highest sales estimate is $360.30 million and the lowest is $334.37 million. Encore Capital Group reported sales of $427.74 million in the same quarter last year, which would indicate a negative year over year growth rate of 19.9%. The firm is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Encore Capital Group will report full year sales of $1.52 billion for the current financial year, with estimates ranging from $1.50 billion to $1.55 billion. For the next year, analysts anticipate that the firm will report sales of $1.41 billion, with estimates ranging from $1.33 billion to $1.49 billion. Zacks Investment Research’s sales averages 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 – Get Rating) last released its earnings results on Wednesday, May 4th. The asset manager reported $6.40 earnings per share for the quarter, beating the consensus estimate of $2.00 by $4.40. The company had revenue of $499.60 million during the quarter, compared to the consensus estimate of $347.08 million. Encore Capital Group had a return on equity of 33.89% and a net margin of 25.45%. Encore Capital Group’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.97 EPS.
NASDAQ ECPG opened at $60.28 on Thursday. The company has a market cap of $1.46 billion, a P/E ratio of 4.11 and a beta of 1.29. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.70 and a quick ratio of 0.83. The stock has a 50-day moving average of $61.47 and a two-hundred day moving average of $61.75. Encore Capital Group has a 1-year low of $40.38 and a 1-year high of $72.67.
In other news, insider Ryan B. Bell sold 6,662 shares of the business’s stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $63.60, for a total transaction of $423,703.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.01% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new position in Encore Capital Group in the first quarter valued at approximately $26,000. First Horizon Advisors Inc. acquired a new position in Encore Capital Group in the third quarter valued at approximately $38,000. O Shaughnessy Asset Management LLC boosted its holdings in Encore Capital Group by 30,950.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,242 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 1,238 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Encore Capital Group in the fourth quarter valued at approximately $65,000. Finally, State of Tennessee Treasury Department boosted its holdings in Encore Capital Group by 137.8% in the first quarter. State of Tennessee Treasury Department now owns 1,189 shares of the asset manager’s stock valued at $75,000 after purchasing an additional 689 shares in the last quarter.
About Encore Capital Group (Get Rating)
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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