Encore Capital Group Now Covered by Analysts at Janney Montgomery Scott. (ECPG) - InvestingChannel

Encore Capital Group Now Covered by Analysts at Janney Montgomery Scott. (ECPG)

Investment analysts at Janney Montgomery Scott began coverage on shares of Encore Capital Group (NASDAQ: ECPG) Encore Capital Group opened at 30.74 on Thursday. Encore Capital Group has a 52-week low of $20.90 and a 52-week high of $31.49. The stock?s 50-day moving average is currently $28.96. The company has a market cap of $768.6 million and a price-to-earnings ratio of 11.82. Encore Capital Group last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.83 by $0.01. The company had revenue of $144.79 million for the quarter, compared to the consensus estimate of $144.29 million. The company?s revenue for the quarter was up 25.0% on a year-over-year basis. On average, analysts predict that Encore Capital Group will post $3.12 earnings per share for the current fiscal year. Encore Capital Group, Inc. (Encore) is a purchaser and manager of charged-off consumer receivable portfolios and, through its wholly owned subsidiary, Ascension Capital Group, Inc.