Encore Capital Group (NASDAQ:ECPG) Announces Quarterly Earnings Results

Encore Capital Group (NASDAQ:ECPG) posted its quarterly earnings results on Wednesday. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.05), Zacks reports. The company had revenue of $265.62 million during the quarter, compared to analyst estimates of $373.40 million. 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

NASDAQ:ECPG opened at $38.95 on Friday. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s fifty day moving average price is $48.54 and its two-hundred day moving average price is $48.04. Encore Capital Group has a one year low of $36.37 and a one year high of $51.77. The company has a market cap of $922.76 million, a P/E ratio of -4.96 and a beta of 1.55.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ECPG. Truist Financial cut their price target on shares of Encore Capital Group from $64.00 to $57.00 and set a “buy” rating for the company in a report on Thursday. Northland Securities lifted their price target on shares of Encore Capital Group from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. StockNews.com raised shares of Encore Capital Group from a “hold” rating to a “buy” rating in a report on Friday, November 29th. Finally, JMP Securities lifted 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. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $62.67.

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.