Encore Capital Group (NASDAQ:ECPG) announced its earnings results on Wednesday. The asset manager reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.21, Bloomberg Earnings reports. Encore Capital Group had a return on equity of 18.81% and a net margin of 6.68%. The firm had revenue of $349.75 million during the quarter, compared to analyst estimates of $335.05 million. During the same quarter in the prior year, the company earned $0.87 EPS. The business’s revenue was up 20.2% compared to the same quarter last year.
Encore Capital Group opened at $40.00 on Friday, Marketbeat.com reports. Encore Capital Group has a twelve month low of $35.15 and a twelve month high of $52.00. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $927.84 million, a P/E ratio of 9.98, a P/E/G ratio of 0.57 and a beta of 1.40.
ECPG has been the subject of a number of analyst reports. Northland Securities raised Encore Capital Group from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research report on Thursday. Oppenheimer set a $55.00 price objective on Encore Capital Group and gave the company a “buy” rating in a research report on Wednesday, May 9th. BidaskClub raised Encore Capital Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 11th. ValuEngine lowered Encore Capital Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Finally, Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, May 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Encore Capital Group presently has a consensus rating of “Hold” and an average target price of $49.70.
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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