Encore Capital Group Inc (NASDAQ:ECPG) – Stock analysts at First Analysis decreased their Q2 2017 earnings per share estimates for shares of Encore Capital Group in a research note issued on Wednesday. First Analysis analyst L. Berlin now forecasts that the asset manager will earn $0.84 per share for the quarter, down from their prior estimate of $0.92. First Analysis also issued estimates for Encore Capital Group’s Q3 2017 earnings at $0.91 EPS, Q4 2017 earnings at $1.02 EPS, FY2017 earnings at $3.73 EPS, Q1 2018 earnings at $0.98 EPS and FY2018 earnings at $4.11 EPS.

A number of other research analysts also recently weighed in on ECPG. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating and set a $42.00 price objective for the company in a research report on Thursday, May 11th. Keefe, Bruyette & Woods began coverage on shares of Encore Capital Group in a report on Wednesday, May 24th. They issued an “outperform” rating and a $45.00 price objective for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $33.00.

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Shares of Encore Capital Group (ECPG) opened at 40.675 on Thursday. The firm’s 50-day moving average price is $38.44 and its 200-day moving average price is $33.06. Encore Capital Group has a 12-month low of $17.66 and a 12-month high of $41.38. The company has a market capitalization of $1.05 billion, a PE ratio of 14.496 and a beta of 1.77.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings results on Thursday, May 4th. The asset manager reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.02. The business had revenue of $271.94 million for the quarter, compared to analysts’ expectations of $280.93 million. Encore Capital Group had a return on equity of 13.72% and a net margin of 7.21%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.31 earnings per share.

Hedge funds have recently bought and sold shares of the stock. Comerica Bank boosted its stake in Encore Capital Group by 5.8% in the fourth quarter. Comerica Bank now owns 25,062 shares of the asset manager’s stock valued at $768,000 after buying an additional 1,368 shares during the period. State Street Corp boosted its stake in Encore Capital Group by 7.3% in the fourth quarter. State Street Corp now owns 516,236 shares of the asset manager’s stock valued at $14,792,000 after buying an additional 35,128 shares during the period. FMR LLC boosted its stake in Encore Capital Group by 2.9% in the fourth quarter. FMR LLC now owns 352,523 shares of the asset manager’s stock valued at $10,100,000 after buying an additional 9,781 shares during the period. Renaissance Technologies LLC purchased a new stake in Encore Capital Group during the fourth quarter valued at $679,000. Finally, Two Sigma Investments LP purchased a new stake in Encore Capital Group during the fourth quarter valued at $467,000.

About Encore Capital Group

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.

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

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