Encore Capital Group Inc (NASDAQ:ECPG) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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.

Earnings History for Encore Capital Group (NASDAQ:ECPG)

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