Equities analysts predict that Encore Capital Group Inc (NASDAQ:ECPG) will post sales of $295.33 million for the current quarter, Zacks Investment Research reports. 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 posted sales of $271.38 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.8%. The company is scheduled to report its next quarterly earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Encore Capital Group will report full-year sales of $295.33 million for the current financial year, with estimates ranging from $1.13 billion to $1.17 billion. For the next financial year, analysts expect that the business will post sales of $1.22 billion per share, with estimates ranging from $1.15 billion to $1.27 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Encore Capital Group.
Several research analysts have weighed in on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $57.00 target price on shares of Encore Capital Group in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Northland Securities reaffirmed a “hold” rating and issued a $49.00 target price on shares of Encore Capital Group in a report on Friday, November 3rd. ValuEngine raised shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $49.50 target price on shares of Encore Capital Group in a report on Thursday, August 10th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $43.50.
Institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue grew its position in shares of Encore Capital Group by 79.7% during the second quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock worth $187,000 after acquiring an additional 2,072 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of Encore Capital Group during the second quarter worth approximately $201,000. Piedmont Investment Advisors LLC purchased a new position in shares of Encore Capital Group during the second quarter worth approximately $206,000. Sigma Planning Corp purchased a new position in shares of Encore Capital Group during the third quarter worth approximately $249,000. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Encore Capital Group during the first quarter worth approximately $212,000.
Encore Capital Group (NASDAQ ECPG) opened at $48.50 on Wednesday. The company has a debt-to-equity ratio of 5.60, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $1,261.53, a PE ratio of 13.28 and a beta of 1.84. Encore Capital Group has a 12 month low of $25.20 and a 12 month 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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