Analysts Anticipate Encore Capital Group, Inc. (ECPG) Will Post Quarterly Sales of $284.27 Million
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.
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.
TRADEMARK VIOLATION WARNING: This article was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.thecerbatgem.com/2018/01/30/analysts-anticipate-encore-capital-group-inc-ecpg-will-post-quarterly-sales-of-284-27-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Encore Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.