Encore Capital Group, Inc. Forecasted to Earn Q1 2025 Earnings of $1.36 Per Share (NASDAQ:ECPG)

Encore Capital Group, Inc. (NASDAQ:ECPG) – Equities researchers at Northland Capmk issued their Q1 2025 earnings per share estimates for Encore Capital Group in a report released on Tuesday, August 27th. Northland Capmk analyst M. Grondahl forecasts that the asset manager will post earnings per share of $1.36 for the quarter. The consensus estimate for Encore Capital Group’s current full-year earnings is $5.59 per share.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, August 7th. The asset manager reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.10. The company had revenue of $355.29 million during the quarter, compared to the consensus estimate of $346.06 million. Encore Capital Group had a positive return on equity of 9.95% and a negative net margin of 16.30%. Encore Capital Group’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS.

Other analysts also recently issued reports about the company. Truist Financial decreased their price target on Encore Capital Group from $70.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price target on shares of Encore Capital Group in a report on Monday, May 6th.

Encore Capital Group Stock Up 1.0 %

Shares of NASDAQ ECPG opened at $50.08 on Thursday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -5.84 and a beta of 1.55. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average of $46.69 and a two-hundred day moving average of $45.66. Encore Capital Group has a 1 year low of $34.74 and a 1 year high of $54.55.

Hedge Funds Weigh In On Encore Capital Group

Several institutional investors have recently added to or reduced their stakes in ECPG. Victory Capital Management Inc. acquired a new position in Encore Capital Group in the 4th quarter valued at about $236,000. M&T Bank Corp acquired a new position in Encore Capital Group in the 4th quarter valued at about $223,000. Sheets Smith Wealth Management increased its position in Encore Capital Group by 4.3% in the 4th quarter. Sheets Smith Wealth Management now owns 14,653 shares of the asset manager’s stock valued at $744,000 after acquiring an additional 610 shares during the period. Charles Schwab Investment Management Inc. increased its position in Encore Capital Group by 9.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 412,098 shares of the asset manager’s stock valued at $20,914,000 after acquiring an additional 36,371 shares during the period. Finally, Janney Capital Management LLC increased its position in Encore Capital Group by 3.0% during the 4th quarter. Janney Capital Management LLC now owns 7,808 shares of the asset manager’s stock worth $396,000 after purchasing an additional 229 shares during the period.

Insider Transactions at Encore Capital Group

In other news, SVP Andrew Eric Asch sold 1,251 shares of Encore Capital Group stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $50.00, for a total transaction of $62,550.00. Following the sale, the senior vice president now owns 18,075 shares in the company, valued at $903,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.63% of the company’s stock.

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.