Encore Capital Group Inc. (NASDAQ:ECPG) – Research analysts at First Analysis issued their FY2016 earnings per share (EPS) estimates for shares of Encore Capital Group in a note issued to investors on Monday. First Analysis analyst L. Berlin expects that the firm will earn $3.52 per share for the year. First Analysis also issued estimates for Encore Capital Group’s Q4 2016 earnings at $0.73 EPS, Q1 2017 earnings at $0.96 EPS, Q2 2017 earnings at $1.17 EPS, Q3 2017 earnings at $1.26 EPS and FY2017 earnings at $4.47 EPS.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.24 by $1.10. The firm 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 business’s revenue was down 35.7% compared to the same quarter last year. During the same period last year, the company posted $1.34 EPS.

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

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Encore Capital Group from a “hold” rating to a “sell” rating in a report on Monday, August 8th. Citigroup Inc. dropped their price objective on shares of Encore Capital Group from $32.00 to $31.00 and set a “buy” rating for the company in a report on Monday, August 8th. Finally, Northland Securities downgraded shares of Encore Capital Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $37.00 to $21.00 in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Encore Capital Group has a consensus rating of “Hold” and an average price target of $27.50.

Shares of Encore Capital Group (NASDAQ:ECPG) traded up 0.72% during mid-day trading on Wednesday, reaching $27.80. 74,140 shares of the company’s stock were exchanged. Encore Capital Group has a one year low of $16.09 and a one year high of $33.81. The stock has a market cap of $709.79 million, a PE ratio of 13.67 and a beta of 1.44. The company has a 50 day moving average price of $22.08 and a 200-day moving average price of $23.12.

A number of institutional investors have recently modified their holdings of the company. Stephens Investment Management Group LLC boosted its position in Encore Capital Group by 14.0% in the second quarter. Stephens Investment Management Group LLC now owns 789,675 shares of the company’s stock worth $18,581,000 after buying an additional 96,819 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Encore Capital Group by 24.8% in the second quarter. PNC Financial Services Group Inc. now owns 10,760 shares of the company’s stock worth $252,000 after buying an additional 2,135 shares during the last quarter. California Public Employees Retirement System boosted its position in Encore Capital Group by 3.5% in the second quarter. California Public Employees Retirement System now owns 81,800 shares of the company’s stock worth $1,925,000 after buying an additional 2,800 shares during the last quarter. Intrust Bank NA purchased a new position in Encore Capital Group during the second quarter worth about $240,000. Finally, Monarch Partners Asset Management LLC purchased a new position in Encore Capital Group during the second quarter worth about $396,000.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this report on another domain, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2016/11/23/brokers-set-expectations-for-encore-capital-group-inc-s-fy2016-earnings-ecpg.html.

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.