Encore Capital Group Inc. [NASDAQ: ECPG] jumped around 6.87 points on Thursday, while shares priced at $46.25 at the close of the session, up 17.45%. The company report on August 5, 2020 that Encore Capital Group Announces Second Quarter 2020 Financial Results.
Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the second quarter ended June 30, 2020.
“Encore had an outstanding second quarter as we delivered record global revenues and earnings,” said Ashish Masih, President and Chief Executive Officer. “Over the past several years we have made investments in training, compliance and technology that have enabled us to safely remain fully operational in each of our markets during the COVID-19 pandemic. These investments and our preparedness allowed us to collect significantly more in the second quarter than we forecasted a quarter ago in the early stages of the pandemic. This collections over-performance, combined with reduced expenses primarily associated with our legal collections channel, contributed to our most profitable quarter ever,” said Masih. .
Encore Capital Group Inc. stock is now 30.80% up from its year-to-date (YTD) trading value. ECPG Stock saw the intraday high of $47.545 and lowest of $42.11 per share. The company’s 52-week high price is 40.16, which means current price is +202.88% above from all time high which was touched on 08/06/20.
Compared to the average trading volume of 403.47K shares, ECPG reached a trading volume of 1380048 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Encore Capital Group Inc. [ECPG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ECPG shares is $45.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ECPG stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Oppenheimer have made an estimate for Encore Capital Group Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 15, 2019. While these analysts kept the previous recommendation, Buckingham Research raised their target price to Buy. The new note on the price target was released on January 03, 2019, representing the official price target for Encore Capital Group Inc. stock.
The Average True Range (ATR) for Encore Capital Group Inc. is set at 1.97, with the Price to Sales ratio for ECPG stock in the period of the last 12 months amounting to 0.98. The Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 6.16. Price to Free Cash Flow for ECPG in the course of the last twelve months was 5.28.
How has ECPG stock performed recently?
Encore Capital Group Inc. [ECPG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 29.55. With this latest performance, ECPG shares gained by 38.68% in over the last four-week period, additionally plugging by 28.51% over the last 6 months – not to mention a rise of 35.87% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ECPG stock in for the last two-week period is set at 79.30, with the RSI for the last a single of trading hit 86.96, and the three-weeks RSI is set at 73.95 for Encore Capital Group Inc. [ECPG]. The present Moving Average for the last 50 days of trading for this stock 35.06, while it was recorded at 38.91 for the last single week of trading, and 33.15 for the last 200 days.
Encore Capital Group Inc. [ECPG]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Encore Capital Group Inc. [ECPG] shares currently have an operating margin of +16.29 and a Gross Margin at +70.19. Encore Capital Group Inc.’s Net Margin is presently recorded at +12.03.
Return on Total Capital for ECPG is now 5.08, given the latest momentum, and Return on Invested Capital for the company is 3.90. Return on Equity for this stock inclined to 18.24, with Return on Assets sitting at 3.52. When it comes to the capital structure of this company, Encore Capital Group Inc. [ECPG] has a Total Debt to Total Equity ratio set at 352.87. Additionally, ECPG Total Debt to Total Capital is recorded at 77.92, with Total Debt to Total Assets ending up at 73.46. Long-Term Debt to Equity for the company is recorded at 331.85, with the Long-Term Debt to Total Capital now at 73.28.
Reflecting on the efficiency of the workforce at the company, Encore Capital Group Inc. [ECPG] managed to generate an average of $22,996 per employee. Receivables Turnover for the company is 22.68 with a Total Asset Turnover recorded at a value of 0.29.
Earnings analysis for Encore Capital Group Inc. [ECPG]
With the latest financial reports released by the company, Encore Capital Group Inc. posted 1.64/share EPS, while the average EPS was predicted by analysts to be reported at 1.39/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 18.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ECPG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Encore Capital Group Inc. go to 13.00%.
Insider trade positions for Encore Capital Group Inc. [ECPG]
There are presently around $1,750 million, in the hands of institutional investors. The top three institutional holders of ECPG stocks are: BLACKROCK INC. with ownership of 4,375,775, which is approximately -1.901% of the company’s market cap and around 2.00% of the total institutional ownership; BROAD RUN INVESTMENT MANAGEMENT, LLC, holding 3,831,861 shares of the stock with an approximate value of $177.22 million in ECPG stocks shares; and VANGUARD GROUP INC, currently with $146.91 million in ECPG stock with ownership of nearly 0.735% of the company’s market capitalization.
Positions in Encore Capital Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 95 institutional holders increased their position in Encore Capital Group Inc. [NASDAQ:ECPG] by around 4,276,982 shares. Additionally, 76 investors decreased positions by around 4,435,072 shares, while 31 investors held positions by with 29,132,499 shares. The mentioned changes placed institutional holdings at 37,844,553 shares, according to the latest SEC report filing. ECPG stock had 34 new institutional investments in for a total of 1,814,739 shares, while 26 institutional investors sold positions of 474,629 shares during the same period.