Equities research analysts forecast that Encore Capital Group, Inc. (NASDAQ:ECPG) will report $350.84 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Encore Capital Group’s earnings, with the lowest sales estimate coming in at $342.57 million and the highest estimate coming in at $364.00 million. Encore Capital Group reported sales of $336.77 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that Encore Capital Group will report full year sales of $1.40 billion for the current financial year, with estimates ranging from $1.38 billion to $1.43 billion. For the next year, analysts forecast that the company will post sales of $1.45 billion, with estimates ranging from $1.43 billion to $1.48 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Encore Capital Group.
Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, August 7th. The asset manager reported $1.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.28. Encore Capital Group had a net margin of 11.14% and a return on equity of 19.85%. The business had revenue of $346.87 million during the quarter, compared to analysts’ expectations of $353.89 million. During the same quarter in the prior year, the company earned $1.33 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in the business. Voloridge Investment Management LLC acquired a new position in shares of Encore Capital Group during the 2nd quarter worth about $437,000. Waddell & Reed Financial Inc. acquired a new position in shares of Encore Capital Group during the 2nd quarter worth about $9,891,000. Nuveen Asset Management LLC acquired a new position in shares of Encore Capital Group during the 2nd quarter worth about $12,557,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Encore Capital Group by 6.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,308,104 shares of the asset manager’s stock worth $112,045,000 after buying an additional 191,768 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Encore Capital Group by 2.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 19,196 shares of the asset manager’s stock worth $650,000 after buying an additional 394 shares during the last quarter.
ECPG stock traded up $0.31 during trading hours on Wednesday, reaching $34.09. 219,876 shares of the stock were exchanged, compared to its average volume of 494,994. The firm’s 50-day moving average is $35.73 and its 200-day moving average is $33.35. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 0.41 and a beta of 1.48. The company has a debt-to-equity ratio of 3.91, a current ratio of 0.77 and a quick ratio of 0.77. Encore Capital Group has a 12 month low of $20.38 and a 12 month high of $39.19.
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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