Encore Capital Group Inc. (NASDAQ:ECPG) – Stock analysts at William Blair decreased their FY2016 earnings estimates for shares of Encore Capital Group in a research report issued to clients and investors on Thursday. William Blair analyst R. Napoli now anticipates that the firm will earn $3.46 per share for the year, down from their previous estimate of $4.71. William Blair also issued estimates for Encore Capital Group’s Q4 2016 earnings at $0.71 EPS, Q2 2017 earnings at $1.00 EPS, Q4 2017 earnings at $1.02 EPS, FY2017 earnings at $4.03 EPS and FY2018 earnings at $4.36 EPS.

Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Wednesday, November 9th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by $1.10. The company had revenue of $179.41 million for the quarter, compared to the consensus estimate of $283.66 million. Encore Capital Group had a net margin of 5.00% and a return on equity of 17.26%. The firm’s revenue was down 35.7% compared to the same quarter last year. During the same period last year, the business posted $1.34 EPS.

Earnings History and Estimates for Encore Capital Group (NASDAQ:ECPG)

Several other research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 18th. Citigroup Inc. cut Encore Capital Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $31.00 to $24.00 in a report on Tuesday, September 20th. Finally, Northland Securities cut Encore Capital Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $37.00 to $21.00 in a report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $27.50.

Shares of Encore Capital Group (NASDAQ:ECPG) opened at 25.50 on Monday. The firm’s 50-day moving average price is $21.15 and its 200 day moving average price is $23.21. The company has a market cap of $651.04 million, a PE ratio of 12.49 and a beta of 1.44. Encore Capital Group has a 12 month low of $16.09 and a 12 month high of $33.81.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECPG. Principal Financial Group Inc. boosted its position in Encore Capital Group by 1.7% in the third quarter. Principal Financial Group Inc. now owns 169,846 shares of the company’s stock worth $3,818,000 after buying an additional 2,850 shares in the last quarter. California State Teachers Retirement System boosted its position in Encore Capital Group by 0.8% in the third quarter. California State Teachers Retirement System now owns 50,341 shares of the company’s stock worth $1,132,000 after buying an additional 400 shares in the last quarter. SG Americas Securities LLC acquired a new position in Encore Capital Group during the third quarter worth approximately $394,000. Municipal Employees Retirement System of Michigan boosted its position in Encore Capital Group by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,260 shares of the company’s stock worth $118,000 after buying an additional 80 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Encore Capital Group by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 648,662 shares of the company’s stock worth $14,582,000 after buying an additional 5,679 shares in the last quarter.

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 two segments: Portfolio Purchasing and Recovery, and Tax Lien Business. Its portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery.

5 Day Chart for NASDAQ:ECPG

Receive News & Stock Ratings for Encore Capital Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group Inc. and related stocks with our FREE daily email newsletter.