Encore Capital Group (ECPG) Set to Announce Earnings on Wednesday

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Encore Capital Group (NASDAQ:ECPG) will be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect Encore Capital Group to post earnings of $1.28 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Wednesday, May 8th. The asset manager reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.26. Encore Capital Group had a return on equity of 21.02% and a net margin of 10.37%. The firm had revenue of $347.08 million during the quarter, compared to analyst estimates of $349.76 million. On average, analysts expect Encore Capital Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

ECPG opened at $34.40 on Tuesday. The stock has a 50 day moving average of $34.61. Encore Capital Group has a twelve month low of $20.38 and a twelve month high of $41.50. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 4.11. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 6.91, a P/E/G ratio of 0.49 and a beta of 1.49.

Several research firms recently weighed in on ECPG. Zacks Investment Research lowered Encore Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. ValuEngine upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. BidaskClub upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Oppenheimer set a $37.00 price target on Encore Capital Group and gave the stock a “buy” rating in a report on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $38.20.

About Encore Capital Group

Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.

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Earnings History for Encore Capital Group (NASDAQ:ECPG)

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