Encore Capital Group, Inc. (NASDAQ:ECPG) – Analysts at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for Encore Capital Group in a research note issued on Thursday. Oppenheimer analyst B. Chittenden forecasts that the asset manager will earn $0.92 per share for the quarter. Oppenheimer currently has a “Buy” rating and a $51.00 target price on the stock. Oppenheimer also issued estimates for Encore Capital Group’s Q2 2018 earnings at $1.17 EPS, Q3 2018 earnings at $1.24 EPS, Q4 2018 earnings at $1.30 EPS, FY2018 earnings at $4.64 EPS and FY2019 earnings at $5.08 EPS.
Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, February 21st. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.11. The business had revenue of $317.48 million during the quarter, compared to analysts’ expectations of $297.72 million. Encore Capital Group had a net margin of 7.01% and a return on equity of 18.70%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS.
Shares of Encore Capital Group (NASDAQ ECPG) opened at $41.20 on Monday. The stock has a market cap of $1,067.01, a price-to-earnings ratio of 10.29, a PEG ratio of 0.68 and a beta of 1.80. Encore Capital Group has a 1 year low of $28.95 and a 1 year high of $52.00. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.74 and a current ratio of 0.74.
In related news, insider Paul Grinberg sold 37,546 shares of the business’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 completion of the sale, the insider now directly owns 250,171 shares of the company’s stock, valued at $10,614,755.53. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 114,138 shares of company stock valued at $4,801,521. 8.80% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in ECPG. Vanguard Group Inc. lifted its position in Encore Capital Group by 3.4% in the second quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock valued at $88,317,000 after acquiring an additional 71,478 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Encore Capital Group by 15.1% in the second quarter. Parametric Portfolio Associates LLC now owns 60,612 shares of the asset manager’s stock valued at $2,434,000 after acquiring an additional 7,957 shares during the last quarter. Voya Investment Management LLC lifted its position in Encore Capital Group by 6.7% in the second quarter. Voya Investment Management LLC now owns 12,510 shares of the asset manager’s stock valued at $502,000 after acquiring an additional 785 shares during the last quarter. State Street Corp lifted its position in Encore Capital Group by 3.5% in the second quarter. State Street Corp now owns 568,689 shares of the asset manager’s stock valued at $22,830,000 after acquiring an additional 19,252 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its stake in Encore Capital Group by 2.1% in the third quarter. Peregrine Capital Management LLC now owns 233,978 shares of the asset manager’s stock valued at $10,365,000 after purchasing an additional 4,772 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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