Encore Capital Group (NASDAQ:ECPG) Announces Earnings Results

Encore Capital Group (NASDAQ:ECPG) released its quarterly earnings data on Wednesday. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.05), Zacks reports. Encore Capital Group had a positive return on equity of 12.70% and a negative net margin of 13.91%.

Encore Capital Group Price Performance

Shares of ECPG stock opened at $43.43 on Thursday. The firm’s 50 day moving average price is $48.71 and its two-hundred day moving average price is $48.10. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.11 and a current ratio of 1.11. Encore Capital Group has a 52-week low of $39.64 and a 52-week high of $51.77. The stock has a market cap of $1.03 billion, a PE ratio of -5.41 and a beta of 1.55.

Analyst Ratings Changes

A number of analysts have weighed in on ECPG shares. JMP Securities increased their price target on shares of Encore Capital Group from $60.00 to $65.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. Finally, Northland Securities lifted their price target on shares of Encore Capital Group from $58.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $65.00.

About Encore Capital Group

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across 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.