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

Encore Capital Group (NASDAQ:ECPG) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, February 21st. The asset manager reported $1.25 EPS for the quarter, topping the consensus estimate of $1.22 by $0.03. Encore Capital Group had a positive return on equity of 9.46% and a negative net margin of 16.89%. The firm had revenue of $277.39 million during the quarter, compared to analysts’ expectations of $330.77 million. On average, analysts expect Encore Capital Group to post $6 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Encore Capital Group Stock Down 2.3 %

Shares of ECPG opened at $41.09 on Wednesday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.83 and a current ratio of 0.83. Encore Capital Group has a one year low of $34.74 and a one year high of $54.73. The stock has a market capitalization of $967.67 million, a price-to-earnings ratio of -4.68 and a beta of 1.36. The stock has a 50 day moving average price of $45.70 and a 200 day moving average price of $46.59.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several analysts recently commented 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 reiterated a “market outperform” rating and set a $60.00 price target on shares of Encore Capital Group in a research report on Wednesday, April 17th.

Encore Capital Group Company Profile

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.