$349.76 Million in Sales Expected for Encore Capital Group, Inc. (ECPG) This Quarter

Analysts expect Encore Capital Group, Inc. (NASDAQ:ECPG) to report $349.76 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Encore Capital Group’s earnings, with the highest sales estimate coming in at $361.70 million and the lowest estimate coming in at $336.49 million. Encore Capital Group posted sales of $326.79 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The company is expected to report its next quarterly earnings results after the market closes on Wednesday, May 8th.

On average, analysts expect that Encore Capital Group will report full year sales of $1.45 billion for the current year, with estimates ranging from $1.41 billion to $1.50 billion. For the next financial year, analysts anticipate that the company will report sales of $1.56 billion, with estimates ranging from $1.54 billion to $1.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Encore Capital Group.

Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Wednesday, February 27th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.23. The company had revenue of $348.72 million during the quarter, compared to analyst estimates of $341.81 million. Encore Capital Group had a net margin of 8.51% and a return on equity of 20.21%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS.

Several research analysts recently commented on the stock. Oppenheimer upgraded shares of Encore Capital Group from a “market perform” rating to an “outperform” rating and set a $37.00 target price for the company in a report on Tuesday, January 15th. JMP Securities increased their price objective on shares of Encore Capital Group from $37.00 to $42.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 28th. ValuEngine downgraded shares of Encore Capital Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. BidaskClub downgraded shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Zacks Investment Research upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Monday, March 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.00.

In related news, major shareholder Jcf Iii Europe Holdings L.P. sold 1,500,000 shares of Encore Capital Group stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $30.17, for a total transaction of $45,255,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.76% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its holdings in Encore Capital Group by 15.1% during the 3rd quarter. Legal & General Group Plc now owns 59,315 shares of the asset manager’s stock worth $2,147,000 after purchasing an additional 7,787 shares during the last quarter. Teachers Advisors LLC raised its holdings in Encore Capital Group by 4.0% during the 3rd quarter. Teachers Advisors LLC now owns 48,996 shares of the asset manager’s stock worth $1,757,000 after purchasing an additional 1,863 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in Encore Capital Group by 71.5% during the 4th quarter. Peregrine Capital Management LLC now owns 285,889 shares of the asset manager’s stock worth $6,718,000 after purchasing an additional 119,166 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Encore Capital Group by 967,574.5% during the 3rd quarter. Clearbridge Investments LLC now owns 454,807 shares of the asset manager’s stock worth $16,305,000 after purchasing an additional 454,760 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in Encore Capital Group by 12.0% during the 3rd quarter. Vanguard Group Inc now owns 2,751,092 shares of the asset manager’s stock worth $98,626,000 after purchasing an additional 294,742 shares during the last quarter.

NASDAQ:ECPG traded up $0.12 on Friday, reaching $28.02. The stock had a trading volume of 302,051 shares, compared to its average volume of 231,241. The firm has a market cap of $859.03 million, a PE ratio of 5.63, a price-to-earnings-growth ratio of 0.43 and a beta of 1.98. Encore Capital Group has a 1-year low of $20.38 and a 1-year high of $47.80. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.26.

About Encore Capital Group

Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.

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

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