Encore Capital Group's (ECPG) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Encore Capital Group (NASDAQ:ECPG) received a "sell (D-)" rating from Weiss Ratings, reissued in a recent research report.
• The company's stock traded at $42.67 with a market cap of $981.84 million and showed significant volatility, with a 52-week high of $51.77 and a low of $26.45.
• In its latest earnings report, Encore Capital posted a notable increase in revenue of 24.4% year-over-year, achieving $442.12 million, significantly surpassing analyst expectations.

Encore Capital Group (NASDAQ:ECPG - Get Free Report)'s stock had its "sell (d-)" rating reissued by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Encore Capital Group Price Performance

NASDAQ ECPG traded up $1.29 on Wednesday, hitting $42.67. 240,323 shares of the company's stock were exchanged, compared to its average volume of 337,278. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 4.43. Encore Capital Group has a 52 week low of $26.45 and a 52 week high of $51.77. The stock has a market cap of $981.84 million, a price-to-earnings ratio of -11.41 and a beta of 1.48. The stock has a 50-day moving average of $41.88 and a 200-day moving average of $38.51.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The asset manager reported $2.49 earnings per share for the quarter, beating the consensus estimate of $1.44 by $1.05. Encore Capital Group had a positive return on equity of 19.61% and a negative net margin of 6.07%.The company had revenue of $442.12 million for the quarter, compared to the consensus estimate of $383.42 million. During the same quarter last year, the business posted $1.34 EPS. Encore Capital Group's revenue for the quarter was up 24.4% on a year-over-year basis. Analysts expect that Encore Capital Group will post 5.09 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Illinois Municipal Retirement Fund raised its position in Encore Capital Group by 10.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 14,056 shares of the asset manager's stock worth $482,000 after purchasing an additional 1,358 shares during the last quarter. GAMMA Investing LLC raised its position in Encore Capital Group by 2,834.0% during the 1st quarter. GAMMA Investing LLC now owns 6,308 shares of the asset manager's stock worth $216,000 after purchasing an additional 6,093 shares during the last quarter. American Century Companies Inc. raised its position in Encore Capital Group by 13.1% during the 1st quarter. American Century Companies Inc. now owns 51,985 shares of the asset manager's stock worth $1,782,000 after purchasing an additional 6,040 shares during the last quarter. Stephens Investment Management Group LLC raised its position in Encore Capital Group by 0.6% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,144,464 shares of the asset manager's stock worth $39,232,000 after purchasing an additional 7,010 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of Encore Capital Group by 57.2% in the 1st quarter. Wedge Capital Management L L P NC now owns 20,029 shares of the asset manager's stock worth $687,000 after acquiring an additional 7,287 shares in the last quarter.

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.

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