Encore Capital Group (ECPG) Set to Announce Quarterly Earnings on Wednesday

Encore Capital Group (NASDAQ:ECPG) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, February 21st. The asset manager reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.03. Encore Capital Group had a positive return on equity of 9.46% and a negative net margin of 16.89%. The company had revenue of $277.39 million for the quarter, compared to analyst estimates of $330.77 million. On average, analysts expect Encore Capital Group to post $6 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Encore Capital Group Price Performance

Shares of NASDAQ:ECPG opened at $42.82 on Monday. The business’s 50 day moving average is $44.98 and its 200-day moving average is $46.45. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 3.54. The firm has a market capitalization of $1.01 billion, a PE ratio of -4.88 and a beta of 1.38. Encore Capital Group has a 1-year low of $34.74 and a 1-year high of $54.73.

Analysts Set New Price Targets

ECPG has been the topic of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 price target on shares of Encore Capital Group in a research note on Wednesday, April 17th. TheStreet lowered Encore Capital Group from a “c-” rating to a “d+” rating in a research note on Monday, March 18th.

Insider Transactions at Encore Capital Group

In other news, insider Ryan B. Bell sold 5,500 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $50.00, for a total transaction of $275,000.00. Following the sale, the insider now owns 42,404 shares in the company, valued at $2,120,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.

Encore Capital Group Company Profile

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.