Brokerages expect that Encore Capital Group, Inc. (NASDAQ:ECPG) will post $284.27 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Encore Capital Group’s earnings. The highest sales estimate is $301.91 million and the lowest is $240.00 million. Encore Capital Group posted sales of $271.38 million during the same quarter last year, which suggests a positive year over year growth rate of 4.7%. The company is expected to issue its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Encore Capital Group will report full-year sales of $284.27 million for the current fiscal year, with estimates ranging from $938.00 million to $1.17 billion. For the next year, analysts anticipate that the firm will report sales of $1.20 billion per share, with estimates ranging from $1.01 billion to $1.27 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Encore Capital Group.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Thursday, November 2nd. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $0.91 by $0.24. Encore Capital Group had a return on equity of 17.27% and a net margin of 8.18%. The firm had revenue of $306.70 million for the quarter, compared to the consensus estimate of $282.30 million.

ECPG has been the topic of several recent research reports. Zacks Investment Research downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Northland Securities reaffirmed a “hold” rating and issued a $49.00 price objective on shares of Encore Capital Group in a research note on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Encore Capital Group in a research note on Friday, November 3rd. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Encore Capital Group in a research note on Saturday, November 18th. Finally, BidaskClub downgraded Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.10.

Encore Capital Group (NASDAQ:ECPG) traded down $0.25 during midday trading on Wednesday, hitting $42.30. The stock had a trading volume of 124,407 shares, compared to its average volume of 197,285. The company has a debt-to-equity ratio of 5.60, a current ratio of 0.70 and a quick ratio of 0.70. Encore Capital Group has a 1 year low of $28.95 and a 1 year high of $52.00. The company has a market capitalization of $1,095.47, a P/E ratio of 11.92, a P/E/G ratio of 0.81 and a beta of 1.82.

In related news, insider Paul Grinberg sold 38,546 shares of Encore Capital Group stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $42.43, for a total transaction of $1,635,506.78. Following the sale, the insider now owns 250,171 shares of the company’s stock, valued at approximately $10,614,755.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 95,365 shares of company stock worth $4,015,307 in the last three months. 8.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ECPG. Piedmont Investment Advisors LLC bought a new stake in Encore Capital Group during the 2nd quarter valued at approximately $206,000. Janney Capital Management LLC bought a new stake in Encore Capital Group during the 3rd quarter valued at approximately $217,000. Sigma Planning Corp bought a new stake in Encore Capital Group during the 3rd quarter valued at approximately $249,000. Convergence Investment Partners LLC bought a new stake in Encore Capital Group during the 4th quarter valued at approximately $285,000. Finally, Mackenzie Financial Corp raised its stake in Encore Capital Group by 16.8% during the 3rd quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock valued at $351,000 after purchasing an additional 1,140 shares during the period.

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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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