Encore Capital Group Inc (NASDAQ:ECPG) – Stock analysts at William Blair raised their FY2017 EPS estimates for shares of Encore Capital Group in a report issued on Friday. William Blair analyst R. Napoli now forecasts that the asset manager will earn $3.66 per share for the year, up from their previous estimate of $3.65. William Blair also issued estimates for Encore Capital Group’s Q1 2018 earnings at $0.99 EPS and FY2019 earnings at $4.60 EPS.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Friday, June 9th. BidaskClub downgraded shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Northland Securities restated a “hold” rating and set a $44.00 target price on shares of Encore Capital Group in a report on Friday. Finally, Keefe, Bruyette & Woods started coverage on shares of Encore Capital Group in a report on Wednesday, May 24th. They set an “outperform” rating and a $45.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $36.83.
Shares of Encore Capital Group (NASDAQ ECPG) opened at 42.95 on Monday. The company has a market capitalization of $1.11 billion, a P/E ratio of 15.31 and a beta of 1.76. Encore Capital Group has a one year low of $17.66 and a one year high of $43.55. The firm has a 50-day moving average of $40.03 and a 200-day moving average of $34.97.
Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The business had revenue of $290.92 million for the quarter, compared to analyst estimates of $275.18 million. During the same period last year, the business posted $1.29 EPS. Encore Capital Group’s revenue was up .5% compared to the same quarter last year.
Institutional investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC increased its position in Encore Capital Group by 7.3% in the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock valued at $170,000 after buying an additional 374 shares in the last quarter. State of Alaska Department of Revenue increased its position in Encore Capital Group by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock valued at $187,000 after buying an additional 2,072 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in Encore Capital Group during the second quarter valued at approximately $201,000. UBS Asset Management Americas Inc. bought a new position in Encore Capital Group during the first quarter valued at approximately $212,000. Finally, Russell Investments Group Ltd. bought a new position in Encore Capital Group during the first quarter valued at approximately $232,000.
Encore Capital Group Company Profile
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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