Encore Capital Group (NASDAQ:ECPG) Announces Earnings Results, Beats Expectations By $0.01 EPS

Encore Capital Group (NASDAQ:ECPG) issued its earnings results on Wednesday. The asset manager reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01, Briefing.com reports. The company had revenue of $328.39 million for the quarter, compared to analyst estimates of $330.83 million. Encore Capital Group had a positive return on equity of 9.46% and a negative net margin of 16.89%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS.

Encore Capital Group Stock Performance

Encore Capital Group stock traded up $4.95 during trading hours on Thursday, hitting $48.19. The stock had a trading volume of 169,723 shares, compared to its average volume of 166,875. Encore Capital Group has a fifty-two week low of $34.74 and a fifty-two week high of $54.73. The company has a market cap of $1.14 billion, a PE ratio of -5.35 and a beta of 1.38. The company has a 50-day moving average of $44.69 and a two-hundred day moving average of $46.42. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 3.54.

Insider Activity at Encore Capital Group

In related news, insider Ryan B. Bell sold 5,500 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $50.00, for a total value of $275,000.00. Following the sale, the insider now owns 42,404 shares of the company’s stock, valued at $2,120,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ECPG shares. TheStreet cut Encore Capital Group from a “c-” rating to a “d+” rating in a research report on Monday, March 18th. JMP Securities reissued a “market outperform” rating and set a $60.00 target price on shares of Encore Capital Group in a research report on Monday.

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.