Encore Capital Group, Inc. (ECPG) Expected to Announce Quarterly Sales of $342.81 Million

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Equities research analysts forecast that Encore Capital Group, Inc. (NASDAQ:ECPG) will report sales of $342.81 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Encore Capital Group’s earnings, with the lowest sales estimate coming in at $337.05 million and the highest estimate coming in at $348.40 million. Encore Capital Group reported sales of $306.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The firm is scheduled to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Encore Capital Group will report full-year sales of $1.37 billion for the current fiscal year, with estimates ranging from $1.35 billion to $1.38 billion. For the next financial year, analysts anticipate that the company will report sales of $1.49 billion per share, with estimates ranging from $1.45 billion to $1.55 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Encore Capital Group.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, August 8th. The asset manager reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.21. Encore Capital Group had a return on equity of 20.28% and a net margin of 6.84%. The firm had revenue of $349.75 million during the quarter, compared to analyst estimates of $335.05 million. During the same period last year, the company posted $0.87 EPS. The business’s quarterly revenue was up 20.2% compared to the same quarter last year.

A number of brokerages have commented on ECPG. Northland Securities upgraded Encore Capital Group from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research report on Thursday, August 9th. Zacks Investment Research lowered Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. ValuEngine upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Oppenheimer set a $54.00 price objective on Encore Capital Group and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, William Blair restated an “outperform” rating on shares of Encore Capital Group in a research report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $49.75.

Shares of NASDAQ ECPG opened at $38.55 on Friday. Encore Capital Group has a one year low of $35.15 and a one year high of $52.00. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 0.62 and a beta of 1.56. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.63 and a quick ratio of 0.63.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Encore Capital Group by 11.4% during the 2nd quarter. BlackRock Inc. now owns 3,472,434 shares of the asset manager’s stock valued at $127,092,000 after buying an additional 354,784 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Encore Capital Group by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,454,193 shares of the asset manager’s stock valued at $53,224,000 after buying an additional 129,942 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Encore Capital Group by 28.6% during the 2nd quarter. Millennium Management LLC now owns 697,362 shares of the asset manager’s stock valued at $25,523,000 after buying an additional 155,105 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Encore Capital Group by 7.3% during the 2nd quarter. Northern Trust Corp now owns 673,970 shares of the asset manager’s stock valued at $24,667,000 after buying an additional 45,877 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Encore Capital Group by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 199,793 shares of the asset manager’s stock valued at $9,031,000 after buying an additional 1,593 shares during the last quarter.

Encore Capital Group Company Profile

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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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Earnings History and Estimates for Encore Capital Group (NASDAQ:ECPG)

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