News stories about Encore Capital Group (NASDAQ:ECPG) have been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Encore Capital Group earned a news sentiment score of 0.44 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 47.1472667411533 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Encore Capital Group (ECPG) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
- Encore Capital Group (ECPG) Lowered to Strong Sell at BidaskClub (americanbankingnews.com)
- Encore Capital Group (ECPG) Raised to “Strong-Buy” at ValuEngine (americanbankingnews.com)
- Encore Capital Group (ECPG) Lifted to “Sell” at BidaskClub (americanbankingnews.com)
- Analyzing Encore Capital Group (ECPG) & Orchid Island Capital (ORC) (americanbankingnews.com)
ECPG has been the subject of a number of recent analyst reports. BidaskClub downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Oppenheimer set a $51.00 price target on Encore Capital Group and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, ValuEngine upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.90.
Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Wednesday, February 21st. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.11. The business had revenue of $317.48 million during the quarter, compared to the consensus estimate of $297.72 million. Encore Capital Group had a return on equity of 18.70% and a net margin of 7.01%. Encore Capital Group’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. research analysts predict that Encore Capital Group will post 4.68 earnings per share for the current fiscal year.
In related news, insider Paul Grinberg sold 19,273 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $40.82, for a total transaction of $786,723.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.80% of the company’s stock.
Encore Capital Group Company Profile
Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.
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