Media headlines about Encore Capital Group (NASDAQ:ECPG) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research group, a division of Accern, identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Encore Capital Group earned a media sentiment score of 0.22 on AlphaOne’s scale. AlphaOne also assigned press coverage about the asset manager an impact score of 75 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next several days.
Shares of Encore Capital Group (NASDAQ:ECPG) traded up 1.32% during mid-day trading on Friday, reaching $38.30. The company had a trading volume of 144,971 shares. The stock has a 50 day moving average of $33.14 and a 200-day moving average of $30.21. The firm has a market capitalization of $985.73 million, a price-to-earnings ratio of 13.65 and a beta of 1.54. Encore Capital Group has a one year low of $17.66 and a one year high of $38.55.
Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Thursday, May 4th. The asset manager reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.02. The firm had revenue of $271.94 million for the quarter, compared to analysts’ expectations of $280.93 million. Encore Capital Group had a net margin of 5.00% and a return on equity of 17.26%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted $1.31 EPS. Equities analysts predict that Encore Capital Group will post $3.74 EPS for the current year.
Several research analysts have issued reports on the company. Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating and set a $42.00 price objective on the stock in a report on Thursday, May 11th. Janney Montgomery Scott downgraded Encore Capital Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $32.00 in a report on Friday, February 24th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.80.
Encore Capital Group Company Profile
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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