Shares of Encore Capital Group Inc (NASDAQ:ECPG – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $101.80 and last traded at $99.63, with a volume of 377372 shares changing hands. The stock had previously closed at $100.20.
Wall Street Analyst Weigh In
ECPG has been the topic of several recent research reports. Weiss Ratings upgraded shares of Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Wall Street Zen downgraded Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup reiterated a “market outperform” rating on shares of Encore Capital Group in a research note on Wednesday, June 17th. Citizens Jmp increased their target price on Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a report on Wednesday, June 17th. Finally, Truist Financial boosted their price target on Encore Capital Group from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $89.75.
View Our Latest Research Report on Encore Capital Group
Encore Capital Group Stock Up 0.1%
Encore Capital Group (NASDAQ:ECPG – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.14. The company had revenue of $491.87 million during the quarter, compared to analysts’ expectations of $455.10 million. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%.Encore Capital Group’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.49 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. Equities analysts expect that Encore Capital Group Inc will post 13.52 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, insider John Yung sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $82.08, for a total transaction of $164,160.00. Following the transaction, the insider directly owned 64,570 shares in the company, valued at approximately $5,299,905.60. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.
Institutional Trading of Encore Capital Group
A number of large investors have recently added to or reduced their stakes in ECPG. IFP Advisors Inc raised its holdings in shares of Encore Capital Group by 1,729.6% in the 4th quarter. IFP Advisors Inc now owns 494 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 467 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Encore Capital Group by 185.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 466 shares during the last quarter. USA Financial Formulas bought a new position in Encore Capital Group during the first quarter worth about $46,000. Allworth Financial LP grew its holdings in Encore Capital Group by 29.1% during the fourth quarter. Allworth Financial LP now owns 1,139 shares of the asset manager’s stock worth $62,000 after purchasing an additional 257 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Encore Capital Group by 168.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the asset manager’s stock worth $105,000 after buying an additional 1,706 shares during the last quarter.
Encore Capital Group Company Profile
Encore Capital Group, Inc is a global specialty finance company that focuses on the purchase and management of nonperforming consumer receivables. Through its subsidiaries, the company acquires charged-off debt portfolios from credit card issuers, banks, and other financial institutions, and seeks to recover outstanding balances through a combination of customer outreach, payment arrangements, and, where appropriate, legal collection efforts. Encore’s business model emphasizes compliance with regulatory and industry standards to ensure ethical and transparent debt-recovery practices.
Headquartered in San Diego, California, Encore operates across North America and Europe.
Featured Stories
- Five stocks we like better than Encore Capital Group
- Is Monster Beverage’s Best-Case Scenario Already Priced Into the Stock?
- Symbotic’s Q3 Profit Inflection Signals Underrated Growth Story
- Build Dividend Income at Low Cost With These ETFs
- 3 Major Earnings Winners You May Have Missed
Receive News & Ratings for Encore Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.
