SAN DIEGO, April 17, 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 first quarter 2024 on Wednesday, May 8, 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 Financ ...

SAN DIEGO, March 14, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG) (the "Company") today announced the pricing of its offering of $500.0 million aggregate principal amount of 9.250% senior secured notes due 2029 (the "notes"), which was upsized by $100.0 million from $400.0 million, at an issue price of 100.000% 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 ...

SAN DIEGO, March 12, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG) (the "Company") today announced its intention to offer, subject to market and other conditions, $400.0 million aggregate principal amount of senior secured notes due 2029 (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 th ...

SAN DIEGO, March 01, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company, announced today that Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, will be meeting with investors at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024. In addition, Mr. Masih will be making a presentati ...

SAN DIEGO, March 01, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, will be meeting with investors at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024. In addition, Mr. Masih will be making a presentati ...

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Encore Capital Group (ECPG) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $1.25, which beat the Zacks Consensus Estimate by 2.5%. The bottom line reported a significant improvement from a loss of $3.11 per share in the year-ago quarter.ECPG's revenues climbed 18.5% year over year to $277.4 million. However, the top line missed the consensus mark by 16.1%.The strong fourth-quarter earnings benefited from improving portfolio supply in the United States and rising collections. Continued gro ...

I would now like to highlight Encore's performance in 2023 in terms of several key metrics, starting with portfolio purchasing. Encore's global portfolio purchases increased 34% for the year, with record U.S. deployments in our largest business, MCM, leading the way. This increased portfolio purchasing will help drive Encore's collections growth in 2024. So, after several years of lower deployments caused by the pandemic and its after-effects, and with our MCM business leading the way, we expect to turn the ...

Encore Capital Group (ECPG) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to loss of $3.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.46%. A quarter ago, it was expected that this provider of debt-management and recovery services would post earnings of $1.35 per share when it actually produced earnings of $0.79, delivering a surprise of -41.48 ...

Encore Capital Group, Inc. (ECPG) is set to report its fourth-quarter 2023 results on Feb 21, after the closing bell. It is expected to have witnessed increased top line and profits in the December quarter.Earnings Surprise HistoryEncore Capital’s earnings missed the consensus estimate in all the prior four quarters, with the average surprise being negative 97.9%. This is depicted in the graph below:In the last reported quarter, the international specialty finance company reported adjusted operating earning ...