Encore Capital Group (ECPG) Set to Announce Quarterly Earnings on Wednesday

Encore Capital Group (NASDAQ:ECPG) is set to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.47 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, August 7th. The asset manager reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.10. The business had revenue of $355.29 million during the quarter, compared to analysts’ expectations of $346.06 million. Encore Capital Group had a negative net margin of 15.43% and a positive return on equity of 11.12%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 EPS. On average, analysts expect Encore Capital Group to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Encore Capital Group Stock Performance

NASDAQ:ECPG opened at $45.84 on Wednesday. Encore Capital Group has a 12 month low of $34.74 and a 12 month high of $54.55. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $1.09 billion, a PE ratio of -5.34 and a beta of 1.55. The business’s fifty day moving average price is $47.04 and its 200 day moving average price is $45.41.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ECPG shares. Northland Securities upgraded Encore Capital Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $55.00 to $58.00 in a report on Thursday, October 17th. Truist Financial dropped their price target on shares of Encore Capital Group from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. JMP Securities restated a “market outperform” rating and set a $60.00 price objective on shares of Encore Capital Group in a research report on Monday, October 14th. Finally, Northland Capmk raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $60.67.

Encore Capital Group Company Profile

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across 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.