ECPG has been the topic of several other reports. BidaskClub lowered shares of Encore Capital Group from a sell rating to a strong sell rating in a report on Thursday, January 18th. Zacks Investment Research lowered shares of Encore Capital Group from a hold rating to a sell rating in a report on Tuesday, January 16th. Northland Securities reaffirmed a hold rating and issued a $49.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Janney Montgomery Scott reaffirmed a hold rating on shares of Encore Capital Group in a report on Saturday, November 18th. Finally, ValuEngine raised shares of Encore Capital Group from a buy rating to a strong-buy rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $47.70.
Shares of Encore Capital Group (ECPG) traded up $3.15 on Thursday, hitting $43.60. 1,152,400 shares of the stock were exchanged, compared to its average volume of 218,067. The stock has a market capitalization of $1,041.41, a price-to-earnings ratio of 13.84, a PEG ratio of 0.77 and a beta of 1.80. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.60. Encore Capital Group has a 12-month low of $28.95 and a 12-month high of $52.00.
Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, February 21st. The asset manager reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. Encore Capital Group had a net margin of 7.01% and a return on equity of 18.75%. The firm had revenue of $317.48 million for the quarter, compared to analyst estimates of $297.72 million. During the same period in the previous year, the company earned $0.72 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. equities research analysts forecast that Encore Capital Group will post 4.06 EPS for the current fiscal year.
In other Encore Capital Group news, insider Paul Grinberg sold 37,546 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $42.43, for a total value of $1,593,076.78. Following the sale, the insider now directly owns 250,171 shares of the company’s stock, valued at $10,614,755.53. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 95,365 shares of company stock worth $4,015,307. 8.80% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Encore Capital Group by 20.7% during the 4th quarter. BlackRock Inc. now owns 3,023,710 shares of the asset manager’s stock worth $127,299,000 after acquiring an additional 518,665 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Encore Capital Group by 0.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,398,567 shares of the asset manager’s stock worth $100,980,000 after acquiring an additional 9,526 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Encore Capital Group by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock worth $88,317,000 after acquiring an additional 71,478 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Encore Capital Group by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,291,569 shares of the asset manager’s stock worth $57,217,000 after acquiring an additional 34,858 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Encore Capital Group during the 4th quarter worth about $26,527,000.
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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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