Brokers expect Encore Capital Group, Inc. (NASDAQ:ECPG) to post quarterly sales of $363.24 million
Analysts expect Encore Capital Group, Inc. (NASDAQ:ECPG) to report revenue of $363.24 million for the current quarter, reports Zacks Investment Research. Five analysts provided earnings estimates for Encore Capital Group, with the highest sales estimate of $386.52 million and the lowest estimate of $351.28 million. Encore Capital Group reported sales of $382.61 million in the same quarter last year, which would indicate a negative growth rate of 5.1% year-over-year. The company is expected to release its next quarterly results after the market closes on Wednesday, February 23.
On average, analysts expect Encore Capital Group to report revenue of $1.62 billion for the current year, with estimates ranging from $1.61 billion to $1.64 billion. . For the next fiscal year, analysts expect the company to record sales of $1.40 billion, with estimates ranging from $1.32 billion to $1.49 billion. Zacks sales averages are an average average based on a survey of sell-side analysts who track Encore Capital Group.
The ECPG has been the subject of several research reports. JMP Securities raised its price target on Encore Capital Group shares from $54.00 to $71.00 and gave the stock a “market outperformance” rating in a Thursday, November 4 research report . Zacks Investment Research downgraded shares of Encore Capital Group from a “buy” rating to a “hold” rating in a Monday, Nov. 8 research report. Finally, Northland Securities raised its target price on shares of Encore Capital Group from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday.
Separately, CAO Gregory L. Call sold 4,699 shares in a trade that took place on Tuesday, January 18. The shares were sold at an average price of $67.12, for a total value of $315,396.88. The sale was disclosed in a document filed with the SEC, accessible via this link. Additionally, CAO Gregory L. Call sold 10,000 shares in a trade that took place on Monday, December 20. The shares were sold at an average price of $57.81, for a total transaction of $578,100.00. The disclosure of this sale can be found here. Insiders sold 84,699 shares of the company worth $5,155,097 in the past 90 days. 2.01% of the shares are currently held by insiders of the company.
Major investors have recently changed their stake in the company. Nuveen Asset Management LLC increased its stake in Encore Capital Group by 8.8% in the second quarter. Nuveen Asset Management LLC now owns 180,837 shares of the asset manager valued at $8,570,000 after purchasing an additional 14,612 shares last quarter. The Alaska State Department of Revenue increased its stake in Encore Capital Group by 2.9% in the third quarter. The Alaska State Department of Revenue now owns 22,082 shares of the asset manager valued at $1,087,000 after buying 624 more shares last quarter. Amalgamated Bank bought a new stake in Encore Capital Group in the second quarter worth approximately $731,000. Jump Financial LLC purchased a new stake in Encore Capital Group in the third quarter worth approximately $204,000. Finally, American Century Companies Inc. increased its stake in Encore Capital Group by 19.9% in the third quarter. American Century Companies Inc. now owns 59,273 shares of the asset manager valued at $2,920,000 after buying an additional 9,832 shares last quarter.
NASDAQ: ECPG opened at $71.65 on Friday. The company has a market capitalization of $2.10 billion, a PE ratio of 7.26 and a beta of 1.37. Encore Capital Group has a 12-month low of $31.82 and a 12-month high of $72.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt ratio of 2.00. The company’s 50-day moving average price is $63.91 and its two-hundred-day moving average price is $56.11.
About Encore Capital Group
Encore Capital Group, Inc. is engaged in providing debt collection and management solutions for consumers and property owners across a wide range of financial assets. It operates through the following geographic segments: United States, International, Europe and Others. The company was founded in April 1999 and is based in San Diego, California.
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