Encore Capital Group (ECPG) Projected to Post Earnings on Wednesday

Encore Capital Group (NASDAQ:ECPG) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $1.60 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Encore Capital Group Stock Up 0.5 %

Shares of NASDAQ ECPG opened at $50.74 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 3.39. The firm has a market cap of $1.20 billion, a PE ratio of -6.46 and a beta of 1.55. The company’s fifty day simple moving average is $48.51 and its 200 day simple moving average is $47.97. Encore Capital Group has a 12-month low of $39.64 and a 12-month high of $54.55.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ECPG shares. Northland Capmk upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Northland Securities raised their price objective on Encore Capital Group from $58.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, December 23rd. JMP Securities upped their target price on Encore Capital Group from $60.00 to $65.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded Encore Capital Group from a “hold” rating to a “buy” rating in a report on Friday, November 29th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $65.00.

Insider Buying and Selling at Encore Capital Group

In related news, Director Laura Olle sold 1,340 shares of Encore Capital Group stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $49.16, for a total value of $65,874.40. Following the sale, the director now owns 32,381 shares of the company’s stock, valued at approximately $1,591,849.96. The trade was a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.63% of the company’s stock.

About Encore Capital Group

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.