Encore Capital Group (NASDAQ:ECPG) Issues Earnings Results, Misses Estimates By $0.21 EPS

Encore Capital Group (NASDAQ:ECPG) issued its quarterly earnings data on Wednesday. The asset manager reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.21), Briefing.com reports. The business had revenue of $367.07 million during the quarter, compared to the consensus estimate of $360.70 million. Encore Capital Group had a negative net margin of 15.43% and a positive return on equity of 11.12%. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 EPS.

Encore Capital Group Stock Up 1.1 %

NASDAQ ECPG traded up $0.53 during mid-day trading on Friday, hitting $50.33. The company’s stock had a trading volume of 11,028 shares, compared to its average volume of 148,946. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 3.50. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -5.99 and a beta of 1.56. The company’s 50 day simple moving average is $46.68 and its 200 day simple moving average is $45.63. Encore Capital Group has a twelve month low of $39.64 and a twelve month high of $54.55.

Analyst Ratings Changes

A number of brokerages recently issued reports on ECPG. Northland Capmk upgraded shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. JMP Securities raised their price target on shares of Encore Capital Group from $60.00 to $65.00 and gave the stock a “market outperform” rating in a report on Thursday. Truist Financial lowered their price target on shares of Encore Capital Group from $70.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Finally, Northland Securities upgraded shares of Encore Capital Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $55.00 to $58.00 in a report on Thursday, October 17th. Three research 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 currently has an average rating of “Buy” and an average price target of $62.33.

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.