Key Points
- Insider sale: Encore Capital Group insider John Yung sold 2,000 shares on June 10 at an average price of $82.08, totaling $164,160. After the transaction, he still held 64,570 shares.
- Strong quarterly results: The company reported Q1 earnings of $3.86 per share, beating estimates by $0.84, on revenue of $475.41 million. Revenue rose 21% year over year.
- Analyst sentiment remains positive: Wall Street currently has a consensus Buy rating on ECPG, with a consensus price target of $86.25. Several firms recently reiterated or raised bullish ratings and targets.
Encore Capital Group Inc (NASDAQ:ECPG - Get Free Report) insider John Yung sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $82.08, for a total value of $164,160.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Encore Capital Group Trading Up 0.3%
Shares of ECPG opened at $80.44 on Friday. The stock has a fifty day moving average of $79.98 and a two-hundred day moving average of $66.34. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $1.72 billion, a PE ratio of 6.24 and a beta of 1.30. Encore Capital Group Inc has a fifty-two week low of $35.67 and a fifty-two week high of $92.64.
Encore Capital Group (NASDAQ:ECPG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The asset manager reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.84. The company had revenue of $475.41 million during the quarter, compared to the consensus estimate of $446.26 million. Encore Capital Group had a return on equity of 30.70% and a net margin of 16.00%.Encore Capital Group's revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-13.000 EPS. As a group, analysts forecast that Encore Capital Group Inc will post 13.01 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in Encore Capital Group by 97.9% during the first quarter. Royal Bank of Canada now owns 33,620 shares of the asset manager's stock valued at $1,153,000 after acquiring an additional 16,634 shares during the period. AQR Capital Management LLC grew its position in Encore Capital Group by 263.0% during the first quarter. AQR Capital Management LLC now owns 68,860 shares of the asset manager's stock valued at $2,361,000 after acquiring an additional 49,892 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Encore Capital Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,929 shares of the asset manager's stock valued at $477,000 after acquiring an additional 612 shares during the period. Empowered Funds LLC grew its position in Encore Capital Group by 2.0% during the first quarter. Empowered Funds LLC now owns 90,910 shares of the asset manager's stock valued at $3,116,000 after acquiring an additional 1,806 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Encore Capital Group by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,465 shares of the asset manager's stock valued at $2,690,000 after acquiring an additional 5,672 shares during the period.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Zacks Research upgraded Encore Capital Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 26th. Truist Financial boosted their price target on Encore Capital Group from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Citigroup reiterated an "outperform" rating on shares of Encore Capital Group in a report on Thursday, May 7th. Citizens Jmp boosted their price target on Encore Capital Group from $90.00 to $108.00 and gave the company a "market outperform" rating in a report on Thursday, May 7th. Finally, Weiss Ratings downgraded Encore Capital Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $86.25.
Get Our Latest Research Report on Encore Capital Group
About Encore Capital Group
(
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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.
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