Northland Capmk Has Positive Outlook of ECPG FY2025 Earnings

Encore Capital Group Inc (NASDAQ:ECPG - Free Report) - Equities researchers at Northland Capmk boosted their FY2025 earnings per share estimates for Encore Capital Group in a research report issued on Thursday, August 7th. Northland Capmk analyst M. Grondahl now forecasts that the asset manager will earn $7.08 per share for the year, up from their prior estimate of $6.75. The consensus estimate for Encore Capital Group's current full-year earnings is $5.09 per share.

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

Separately, Wall Street Zen upgraded Encore Capital Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued 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 Stock Performance

ECPG traded down $0.56 during midday trading on Monday, reaching $40.95. The company had a trading volume of 31,483 shares, compared to its average volume of 291,060. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 4.43. The business has a 50-day moving average of $39.03 and a two-hundred day moving average of $38.65. The company has a market cap of $942.14 million, a P/E ratio of -10.97 and a beta of 1.59. Encore Capital Group has a 1 year low of $26.45 and a 1 year high of $51.77.

Institutional Trading of Encore Capital Group

Several institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Encore Capital Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,317 shares of the asset manager's stock worth $636,000 after purchasing an additional 460 shares in the last quarter. Sheets Smith Wealth Management grew its position in shares of Encore Capital Group by 3.6% during the first quarter. Sheets Smith Wealth Management now owns 14,790 shares of the asset manager's stock worth $507,000 after purchasing an additional 512 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Encore Capital Group by 345.1% during the second quarter. GAMMA Investing LLC now owns 819 shares of the asset manager's stock worth $32,000 after purchasing an additional 635 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Encore Capital Group by 827.2% during the fourth quarter. Sterling Capital Management LLC now owns 751 shares of the asset manager's stock worth $36,000 after purchasing an additional 670 shares in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Encore Capital Group during the second quarter worth about $27,000.

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.