Encore Capital Group (ECPG) Expected to Announce Earnings on Wednesday

Encore Capital Group (NASDAQ:ECPG) will likely be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Encore Capital Group to post earnings of $1.55 per share and revenue of $373.40 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Encore Capital Group Stock Performance

Shares of NASDAQ:ECPG opened at $48.54 on Tuesday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -6.18 and a beta of 1.55. The company has a 50-day moving average price of $48.64 and a 200-day moving average price of $48.08. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.39. Encore Capital Group has a 12 month low of $39.64 and a 12 month high of $51.77.

Insider Activity at Encore Capital Group

In related news, Director Laura Olle sold 1,340 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $49.16, for a total transaction of $65,874.40. Following the transaction, the director now owns 32,381 shares in the company, valued at $1,591,849.96. The trade was a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ECPG. StockNews.com raised shares of Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. JMP Securities upped their price objective on shares of Encore Capital Group from $60.00 to $65.00 and gave the company a “market outperform” rating in a research note on Thursday, November 7th. Finally, Northland Securities upped their price objective on shares of Encore Capital Group from $58.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, December 23rd. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Encore Capital Group currently has an average rating of “Buy” and a consensus target price of $65.00.

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.