Encore Capital Group Inc (NASDAQ:ECPG) Forecasted to Earn Q2 2017 Earnings of $0.84 Per Share
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.
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