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Investing.com - JMP Securities has reiterated its Market Outperform rating and $55.00 price target on Encore Capital Inc. (NASDAQ:ECPG), which has shown strong momentum with a 25% gain over the past six months. The stock, currently trading at $44.84, has analyst targets ranging from $55 to $61, according to InvestingPro data.
The firm expressed minimal concern about Senate Bill S.2495, which addresses offshore customer service operations, noting the legislation appears to focus only on prospectively moving existing U.S. positions offshore rather than affecting legacy offshore operations.
JMP indicated that penalties outlined in the bill do not seem applicable to companies like Encore Capital, and the requirement allowing consumers to request transfers to U.S.-based agents would not impact a significant volume of calls for these businesses.
The firm also stated that the consumer request provision for U.S.-based live agents would not represent "any meaningful amount of calls currently for these companies."
JMP further noted its belief that the bill is unlikely to advance beyond the Senate’s Commerce, Science, and Transportation Committee, which is chaired by Senator Ted Cruz (R-TX).
In other recent news, Encore Capital Group reported impressive financial results for the second quarter of 2025. The company achieved an earnings per share (EPS) of $2.49, which was 79.1% higher than analysts’ expectations of $1.39. Additionally, Encore Capital’s revenue reached $442 million, surpassing the anticipated $383.42 million by 15.3%. These results demonstrate a strong performance, significantly exceeding market forecasts.
There were no recent mergers or acquisitions reported for Encore Capital. Analyst firms have not provided any recent upgrades or downgrades for the company. The latest developments highlight Encore Capital’s ability to outperform expectations in its quarterly financial performance.
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