Equities analysts forecast that Encore Capital Group Inc (NASDAQ:ECPG) will report $295.33 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Encore Capital Group’s earnings, with the lowest sales estimate coming in at $289.40 million and the highest estimate coming in at $301.91 million. Encore Capital Group reported sales of $271.38 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.8%. The firm is expected to report its next earnings results on Thursday, February 22nd.

On average, analysts expect that Encore Capital Group will report full year sales of $295.33 million for the current year, with estimates ranging from $1.13 billion to $1.17 billion. For the next financial year, analysts expect that the company will post sales of $1.22 billion per share, with estimates ranging from $1.15 billion to $1.27 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Encore Capital Group.

Several research analysts have recently weighed in on the company. Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. BidaskClub cut Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. ValuEngine raised Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. SunTrust Banks, Inc. reissued a “buy” rating and set a $57.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. Finally, Northland Securities reissued a “hold” rating and set a $49.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $43.50.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in shares of Encore Capital Group by 310.6% in the second quarter. First Trust Advisors LP now owns 83,445 shares of the asset manager’s stock valued at $3,350,000 after buying an additional 63,120 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Encore Capital Group by 5.3% during the second quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock worth $95,159,000 after purchasing an additional 119,655 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Encore Capital Group by 29.2% during the second quarter. JPMorgan Chase & Co. now owns 77,640 shares of the asset manager’s stock worth $3,117,000 after purchasing an additional 17,543 shares during the period. Northern Trust Corp increased its stake in shares of Encore Capital Group by 7.7% during the second quarter. Northern Trust Corp now owns 632,955 shares of the asset manager’s stock worth $25,414,000 after purchasing an additional 45,218 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Encore Capital Group by 17.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 118,742 shares of the asset manager’s stock worth $4,768,000 after purchasing an additional 17,822 shares during the period.

Encore Capital Group (NASDAQ:ECPG) traded down $0.60 during mid-day trading on Wednesday, hitting $46.20. The stock had a trading volume of 506,923 shares, compared to its average volume of 281,567. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.60. The firm has a market capitalization of $1,190.00, a PE ratio of 13.14 and a beta of 1.84. Encore Capital Group has a 52 week low of $26.25 and a 52 week high of $52.00.

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

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