Encore Capital Group (NASDAQ:ECPG) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Encore Capital Group (NASDAQ:ECPG) released its earnings results on Wednesday. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.05), Zacks reports. Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%. The business had revenue of $265.62 million for the quarter, compared to analyst estimates of $373.40 million.

Encore Capital Group Stock Performance

NASDAQ:ECPG opened at $38.95 on Friday. Encore Capital Group has a 1 year low of $36.37 and a 1 year high of $51.77. The firm’s fifty day simple moving average is $48.54 and its 200 day simple moving average is $48.04. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.39. The firm has a market capitalization of $922.76 million, a PE ratio of -4.96 and a beta of 1.55.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Northland Securities increased their target price 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. JMP Securities boosted 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. StockNews.com upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating in a report on Friday, November 29th. Finally, Truist Financial cut their price target on shares of Encore Capital Group from $64.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Encore Capital Group currently has a consensus rating of “Buy” and an average target price of $62.67.

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.