Encore Capital Group

Encore Capital Group, Inc. engages in the provision of debt management and recovery solutions for consumers and property owners across a broad range of financial assets. It operates through the following geographical segments: United States, International, Europe, and Other. The company was founded in April 1999 and is headquartered in San Diego, CA.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Encore Capital Group reports resilient 2022 earnings amidst market challenges

Encore Capital Group's 2022 performance showcased resilience amid challenges, with a focus on strategic growth and financial stability.
While facing headwinds in Europe, the company's strong balance sheet and U.S. market opportunities position it for sustained success.
Management's commitment to financial priorities and disciplined growth underscores a proactive approach to navigating evolving market conditions.

Encore Capital Group sees strong Q1 collections, eyes cash growth

Encore Capital Group's Q1 performance reflects a return to pre-pandemic levels in collections, with a focus on maintaining a strong balance sheet and seizing market opportunities.
Despite challenges like lower Cabot collections and interest rate impacts, the company remains committed to aiding consumers in debt resolution and achieving financial freedom.
Opportunities lie in anticipated growth in cash generation, leveraging market supply acceleration, and a disciplined approach to portfolio purchasing and collections operations.
Management's emphasis on adapting to changing consumer behavior and market dynamics positions Encore well for future profitability and a continued role in the credit ecosystem.

Encore Capital Group reports robust Q2 performance and strategic focus

Encore Capital Group's Q2 2023 Earnings Call highlighted strong performance in the U.S. market, steady collections in Europe, and a focus on maintaining financial strength and seizing growth opportunities. The company faces challenges in managing legal expenses and enhancing market competitiveness but has opportunities to leverage portfolio supply for future growth.

Encore Capital Group reports strong U.S. performance amidst U.K. challenges

Encore Capital Group's Q3 performance showcased strong U.S. purchasing, global collections meeting expectations, and enhanced liquidity through financing activities. Despite challenges in the U.K. and Europe, the company's focus on balance sheet strength and competitive advantages positions it well for future growth. Strategic staff additions and a disciplined approach to portfolio purchasing highlight opportunities for capitalizing on the current credit cycle.

Encore Capital Group reports strong 2023 performance and eyes U.S. growth

Encore Capital Group's 2023 performance showcased strength in the U.S. market, with a focus on high returns and effective collections operations.
Despite challenges in the U.K. and Europe, the company remains committed to long-term shareholder value through prioritized portfolio purchases.
Opportunities lie in the U.S. market for growth and differentiation, with a cautious approach to deployment and a focus on post-pandemic consumer behavior.
Encore's emphasis on balance sheet strength, funding flexibility, and differentiation sets the stage for a potentially transformative 2024.

Encore Capital Group excels in Q1, eyes U.S. growth amid challenges

Encore Capital Group's Q1 performance reflects operational strength and financial resilience, driven by strategic U.S. market focus and global collections growth.
Challenges in Europe and legal expense management require attention, while opportunities in digital engagement and U.S. market deployment offer avenues for growth.
Overall, the company's commitment to shareholder value, operational excellence, and financial prudence sets the stage for a promising 2024 outlook.

Encore Capital Group reports stellar Q3 earnings and raises guidance

Encore Capital Group's Q3 2024 earnings call highlighted robust financial performance, strengthened balance sheet, and strategic capital allocation priorities. Despite challenges in the U.K. market, the company remains well-positioned for growth with increased global portfolio purchases and raised future guidance.

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Encore Capital Group, Inc. is an international specialty finance company, which engages in the provision of debt recovery solutions. It operates through the following geographical segments: United States, Europe, and Other Geographies. The company was founded in 1999 and is headquartered in San Diego, CA.

Encore Capital's (ECPG) fourth-quarter 2023 results are likely to reflect higher expenses and global collections.

Spotlight on Encore Capital's (ECPG) Q4 Earnings Drivers

SAN DIEGO, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the fourth quarter 2023 on Wednesday, February 21, 2024, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.

Encore Capital Group to Announce Fourth Quarter 2023 Financial Results on February 21

Encore Capital Group, Inc. (ECPG) Q3 2023 Earnings Call Transcript

Encore Capital Group (ECPG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Encore Capital Group (ECPG) Reports Next Week: Wall Street Expects Earnings Growth

SAN DIEGO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it has completed its offering of €100.0 million aggregate principal amount of its senior secured floating rate notes due 2028 with a coupon of three-month EURIBOR (subject to a 0% floor) plus 4.250% at an issue price of 99.01%.

Encore Capital Group Completes Offering of Senior Secured Floating Rate Notes

SAN DIEGO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the third quarter 2023 on Wednesday, November 1, 2023, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.

Encore Capital Group to Announce Third Quarter 2023 Financial Results on November 1

SAN DIEGO, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq: ECPG) (the “Company”) today announced the pricing of its offering of €100.0 million aggregate principal amount of its senior secured floating rate notes due 2028 (the “notes”) at an issue price of 99.01%, in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to non-U.S. persons (within the meaning of Regulation S under the Securities Act).

Encore Capital Group, Inc. Announces Pricing of Senior Secured Floating Rate Notes Offering

SAN DIEGO, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq: ECPG) (the “Company”) today announced its intention to offer, subject to market and other conditions, €100.0 million aggregate principal amount of its senior secured floating rate notes due 2028 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to non-U.S. persons (within the meaning of Regulation S under the Securities Act).

Encore Capital Group, Inc. Announces Proposed Senior Secured Floating Rate Notes Offering

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Encore Capital Group's stock had a mixed performance because of a sudden compression of their EPS in the last year. The company is deploying capital at attractive returns, which will result in higher collections, earnings, and cash generation in the next few years. Encore has significant liquidity and flexibility to continue investing in higher-yielding assets, and the market is excessively bearish on the company. We estimate an upside of around 20%.

Encore Capital: Deploying Capital At Attractive Returns At Record Speed

While the top- and bottom-line numbers for Encore Capital Group (ECPG) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Encore Capital Group (ECPG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Encore Capital Group, Inc. (NASDAQ:ECPG ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Bruce Thomas - VP, Global IR Ashish Masih - President and CEO Jonathan Clark - EVP and CFO Ryan Bell - President, Midland Credit Management Conference Call Participants Mark Hughes - Trust Securities John Rowan - Janney Montgomery Scott Mike Grondahl - Northland Securities Robert Dodd - Raymond James Bob Napoli - William Blair Mark Hughes - Truist Operator Good day and thank you for standing by. Welcome to Encore Capital Group's Q2 2023 Earnings Conference Call.

Encore Capital Group, Inc. (ECPG) Q2 2023 Earnings Call Transcript

Encore Capital Group (ECPG) came out with quarterly earnings of $1.08 per share, missing the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $2.29 per share a year ago.

Encore Capital Group (ECPG) Q2 Earnings and Revenues Lag Estimates

SAN DIEGO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the second quarter ended June 30, 2023.

Encore Capital Group Announces Second Quarter 2023 Financial Results

SAN DIEGO, July 12, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the second quarter 2023 on Wednesday, August 2, 2023, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.

Encore Capital Group to Announce Second Quarter 2023 Financial Results on August 2

Encore Capital (ECPG) boosts its revolving credit facility from $1.14 billion to $1.18 billion in a bid to impart more financial flexibility in purchasing portfolios.

Encore Capital (ECPG) Ups Credit Facility to Boost Flexibility

Encore Capital Group Inc. (NASDAQ:ECPG ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Bruce Thomas - Vice President, Global Investor Relations Ashish Masih - President and Chief Executive Officer Jonathan Clark - Executive Vice President and Chief Financial Officer Ryan Bell - President, Midland Credit Management Conference Call Participants Mike Grondahl - Northland Capital Markets Mark Hughes - Truist Robert Dodd - Raymond James David Scharf - JMP Securities Operator Good day and thank you for standing by. Welcome to the Encore Capital Group Q1 2023 Earnings Conference Call.

Encore Capital Group Inc. (ECPG) Q1 2023 Earnings Call Transcript

Encore Capital Group (ECPG) came out with quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $6.40 per share a year ago.

Encore Capital Group (ECPG) Q1 Earnings and Revenues Miss Estimates

SAN DIEGO, May 03, 2023 (GLOBE NEWSWIRE) --  Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the first quarter ended March 31, 2023.

Encore Capital Group Announces First Quarter 2023 Financial Results

Earnings Preview: Encore Capital Group (ECPG) Q1 Earnings Expected to Decline

SAN DIEGO, April 05, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the first quarter 2023 on Wednesday, May 3, 2023, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.

Encore Capital Group to Announce First Quarter 2023 Financial Results on May 3

SAN DIEGO, March 28, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that John Yung has been appointed President of International and Cabot Credit Management, effective May 8, 2023. He will be responsible for Encore's Cabot business, which is based in the U.K. and Europe, while continuing to oversee Encore's businesses and investments in Latin America and the Asia Pacific region (LAAP). Since joining Encore in 2015, Yung has had roles with increasing responsibility, and currently serves as Senior Vice President, Chief Global Strategist. In his new role, Yung will be based in London and will continue to report to Encore's President and CEO, Ashish Masih, as a member of Encore's Executive Leadership Team.

John Yung Appointed President, International and Cabot Credit Management

SAN DIEGO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq: ECPG) (“Encore”) today announced the pricing of its offering of $200.0 million aggregate principal amount of 4.00% convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $175.0 million aggregate principal amount of notes. Encore also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $30.0 million aggregate principal amount of notes solely to cover over-allotments, if any.

Encore Capital Group, Inc. Prices $200.0 Million Convertible Senior Notes Offering

SAN DIEGO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq: ECPG) (“Encore”) today announced its intention to offer, subject to market and other conditions, $175.0 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Encore also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $26.25 million aggregate principal amount of notes solely to cover over-allotments, if any.

Encore Capital Group, Inc. Announces Proposed Convertible Senior Notes Offering

Encore Capital Group, Inc. (NASDAQ:ECPG ) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Bruce Thomas - Vice President, Global Investor Relations Ashish Masih - President and Chief Executive Officer Jonathan Clark - Executive Vice President and Chief Financial Officer Ryan Bell - President, Midland Credit Management Craig Buick - Chief Executive Officer, Cabot Credit Management Group Conference Call Participants Mike Grondahl - Northland Capital Markets Mark Hughes - Truist Robert Dodd - Raymond James Spencer James - William Blair & Company John Rowan - Janney Montgomery Scott Operator Good day and thank you for standing by. Welcome to the Encore Capital Group Q4 2022 Earnings Conference Call.

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