Encore Capital Group (ECPG) Projected to Post Earnings on Wednesday

Encore Capital Group (NASDAQ:ECPG) is anticipated to release its earnings data after the market closes on Wednesday, February 19th. Analysts expect Encore Capital Group to post earnings of $1.60 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Encore Capital Group Stock Performance

Shares of NASDAQ ECPG opened at $50.74 on Wednesday. The stock’s 50-day moving average is $48.51 and its 200 day moving average is $47.97. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -6.46 and a beta of 1.55. Encore Capital Group has a 1-year low of $39.64 and a 1-year high of $54.55. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.39.

Insider Transactions at Encore Capital Group

In related news, Director Laura Olle sold 1,340 shares of Encore Capital Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $49.16, for a total value of $65,874.40. Following the sale, the director now owns 32,381 shares in the company, valued at $1,591,849.96. The trade was a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Northland Securities increased their price target on shares of Encore Capital Group from $58.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, December 23rd. Northland Capmk raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. JMP Securities lifted their target price on shares of Encore Capital Group from $60.00 to $65.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating in a research report on Friday, November 29th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $65.00.

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.