Encore Capital Group Inc (NASDAQ:ECPG) posted its earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05, Briefing.com reports. Encore Capital Group had a return on equity of 12.38% and a net margin of 6.28%. The business had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $275.18 million. During the same period in the prior year, the business earned $1.29 EPS. Encore Capital Group’s revenue for the quarter was up .5% compared to the same quarter last year.
Encore Capital Group (NASDAQ:ECPG) traded down 2.31% during trading on Friday, reaching $40.10. The company’s stock had a trading volume of 366,204 shares. Encore Capital Group has a 12 month low of $17.66 and a 12 month high of $43.65. The stock has a market cap of $1.03 billion, a PE ratio of 16.43 and a beta of 1.76. The company’s 50-day moving average is $40.51 and its 200-day moving average is $35.48.
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A number of research firms recently issued reports on ECPG. Zacks Investment Research cut Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. BidaskClub cut Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods began coverage on Encore Capital Group in a research note on Wednesday, May 24th. They set an “outperform” rating and a $45.00 target price for the company. Finally, Northland Securities reissued a “hold” rating and set a $44.00 target price on shares of Encore Capital Group in a research note on Friday, August 4th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.58.
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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