Encore Capital Group (ECPG) Scheduled to Post Quarterly Earnings on Wednesday

Encore Capital Group (NASDAQ:ECPG) is scheduled 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, August 7th. The asset manager reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.10. Encore Capital Group had a positive return on equity of 11.12% and a negative net margin of 15.43%. The company had revenue of $355.29 million for the quarter, compared to the consensus estimate of $346.06 million. During the same period last year, the business posted $1.08 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. 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 Price Performance

NASDAQ ECPG opened at $45.79 on Monday. The stock has a market capitalization of $1.08 billion, a PE ratio of -5.50 and a beta of 1.56. The stock has a 50-day simple moving average of $46.82 and a 200 day simple moving average of $45.48. The company has a debt-to-equity ratio of 3.50, a quick ratio of 1.27 and a current ratio of 1.27. Encore Capital Group has a twelve month low of $34.74 and a twelve month high of $54.55.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ECPG shares. Truist Financial lowered their price objective 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. Northland Securities upgraded shares of Encore Capital Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $55.00 to $58.00 in a research note on Thursday, October 17th. Northland Capmk upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $60.00 price objective on shares of Encore Capital Group in a research report on Monday, October 14th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Encore Capital Group has an average rating of “Buy” and an average target price of $60.67.

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.