Encore Capital Group, Inc. (NASDAQ:ECPG) – William Blair increased their FY2018 earnings per share (EPS) estimates for Encore Capital Group in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. William Blair analyst R. Napoli now expects that the asset manager will earn $4.65 per share for the year, up from their previous forecast of $4.08. William Blair also issued estimates for Encore Capital Group’s FY2019 earnings at $5.38 EPS and FY2020 earnings at $6.21 EPS.
Several other research firms also recently commented on ECPG. Janney Montgomery Scott reiterated a “hold” rating on shares of Encore Capital Group in a report on Saturday, November 18th. BidaskClub upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Oppenheimer started coverage on Encore Capital Group in a report on Monday, January 8th. They issued a “buy” rating and a $53.00 price objective for the company. ValuEngine upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $50.90.
Encore Capital Group (NASDAQ ECPG) traded down $0.90 during midday trading on Monday, reaching $44.00. The company had a trading volume of 112,320 shares, compared to its average volume of 226,080. Encore Capital Group has a 52 week low of $28.95 and a 52 week high of $52.00. The company has a market cap of $1,184.41, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.68. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.74 and a quick ratio of 0.74.
Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, February 21st. The asset manager reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. Encore Capital Group had a return on equity of 18.70% and a net margin of 7.01%. The company had revenue of $317.48 million during the quarter, compared to the consensus estimate of $297.72 million. During the same period last year, the company earned $0.72 EPS. Encore Capital Group’s revenue for the quarter was up 17.0% on a year-over-year basis.
In other Encore Capital Group news, insider Paul Grinberg sold 37,546 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $42.43, for a total transaction of $1,593,076.78. Following the completion of the sale, the insider now directly owns 250,171 shares in the company, valued at approximately $10,614,755.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 114,138 shares of company stock valued at $4,801,521. Corporate insiders own 8.80% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. William Blair Investment Management LLC grew 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 valued at $100,980,000 after purchasing an additional 9,526 shares during the period. MetLife Investment Advisors LLC bought a new position in shares of Encore Capital Group during the 4th quarter valued at approximately $483,000. Castleark Management LLC grew its stake in shares of Encore Capital Group by 9.2% during the 4th quarter. Castleark Management LLC now owns 138,290 shares of the asset manager’s stock valued at $5,822,000 after acquiring an additional 11,655 shares during the period. Millennium Management LLC bought a new position in shares of Encore Capital Group during the 4th quarter valued at approximately $13,224,000. Finally, Clearbridge LLC grew its stake in shares of Encore Capital Group by 19.0% during the 4th quarter. Clearbridge LLC now owns 363,250 shares of the asset manager’s stock valued at $15,293,000 after acquiring an additional 57,940 shares during the period.
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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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