Encore Cap Group Inc Stock Price, News & Analysis

Encore Capital Group (ECPG) has scheduled the release of its first quarter 2025 financial results for Wednesday, May 7, 2025, after market close. The international specialty finance company will host a conference call and slide presentation at 2:00 p.m. Pacific / 5:00 p.m. Eastern time on the same day.

The presentation will feature President and CEO Ashish Masih, EVP and CFO Tomas Hernanz, and VP of Global Investor Relations Bruce Thomas. The public can access the live webcast through Encore's website investor relations page, while telephone access requires pre-registration. A replay of the webcast will be available on the company's website after the call.

Encore Capital Group (Nasdaq:ECPG), an international specialty finance company, has announced its participation in the Raymond James 46th Annual Institutional Investors Conference on March 4, 2025.

The company's President and CEO, Ashish Masih, will deliver a presentation at 11:00am Eastern time. Management will also conduct investor meetings throughout the day.

Investors can access the live webcast and presentation materials through the Investor Events & Presentations section on the company's website at encorecapital.com/investor-events-presentations.

Encore Capital Group (NASDAQ: ECPG) reported its Q4 and full-year 2024 results, marking significant growth despite challenges. The company achieved record global portfolio purchases of $1.35 billion, up 26% year-over-year, while global collections increased 16% to $2.16 billion.

In the U.S., MCM business saw portfolio purchases rise 23% to $1 billion, with collections up 20%. The Cabot business in UK and Europe increased portfolio purchases by 36%, including Q4 purchases of $200 million. However, restructuring actions, including exit from Spanish and Italian markets, led to a $101 million goodwill charge in Q4.

The company reported a net loss of $139 million, or ($5.83) per share, primarily due to non-cash charges related to Cabot's goodwill impairment. For 2025, Encore expects global portfolio purchases to exceed $1.35 billion and collections to increase by 11% to $2.4 billion. The company plans to resume share repurchases in 2025.

Encore Capital Group (NASDAQ:ECPG) has announced it will release its fourth quarter 2024 financial results on Wednesday, February 26, 2025, after market close. The company will host a conference call and slide presentation at 2:00 p.m. Pacific / 5:00 p.m. Eastern time on the same day.

The presentation will feature President and CEO Ashish Masih, Executive VP and CFO Jonathan Clark, and VP of Global Investor Relations Bruce Thomas. The public can access the live webcast through Encore's Investor Relations webpage. A replay will be available on the company's website after the call concludes.

Encore Capital Group (NASDAQ: ECPG) reported strong Q3 2024 financial results, with global portfolio purchases increasing 23% to $282 million and collections rising 18% to $550 million. The company's performance was primarily driven by its MCM business in the U.S., where portfolio purchases grew 28% to $230 million. GAAP earnings per share reached $1.26, up 59% from the previous year. The company raised its 2024 guidance, expecting global portfolio purchases to exceed $1,250 million and year-over-year collections growth of approximately 15% to over $2,125 million. However, the company recorded a pre-tax loss of $8 million from exiting the secured NPL market in Spain.

Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, has announced that it will release its financial results for the third quarter 2024 on Wednesday, November 6, 2024, after the market closes. The company will host a conference call and slide presentation on the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time.

Presenting and discussing the results will be Ashish Masih, President and CEO, Jonathan Clark, Executive VP and CFO, and Bruce Thomas, VP of Global Investor Relations. The public can access the live webcast via the Investor Relations page of Encore's website. For telephone access, pre-registration is required. A replay of the webcast will be available on the company's website shortly after the call concludes.

Encore Capital Group (NASDAQ: ECPG) reported strong Q2 2024 financial results, with global portfolio purchases of $279 million, including a record $237 million in the U.S. Global collections increased by 15% to $547 million compared to Q2 2023. The company achieved GAAP EPS of $1.34, up 24% year-over-year. Encore is raising its 2024 guidance, expecting global portfolio purchases to exceed $1,150 million and year-over-year collections growth of approximately 11% to over $2,075 million. The U.S. market for charged-off receivable portfolios continues to grow, driven by credit card lending growth and rising charge-off rates.

Encore Capital Group (NASDAQ: ECPG) has announced a significant leadership transition. Jonathan C. Clark, Executive Vice President and Chief Financial Officer, will retire at the end of March 2025 after serving the company since 2014. Tomas Hernanz, currently CFO of Cabot Credit Management (an Encore subsidiary), will succeed Clark as CFO in April 2025.

Hernanz, who joined Encore in 2016, brings extensive experience in financial management and has been instrumental in implementing Encore's global funding structure and asset-backed financing facilities. He has previously held senior roles at Goldman Sachs and Citigroup. The company's CEO, Ashish Masih, expressed confidence in Hernanz's ability to drive Encore's disciplined strategy and financial excellence.

Intellicheck (Nasdaq: IDN), a leading identity validation company, has announced the appointment of Adam Sragovicz as a senior financial executive. Sragovicz will transition to the role of CFO on September 1, 2024, following the departure of Jeff Ishmael. He brings extensive experience in financial leadership, having served in senior-level positions at companies like Presidio Property Trust and Encore Capital Group.

Intellicheck's CEO, Bryan Lewis, and Board Chairman, Guy L. Smith, expressed confidence in Sragovicz's ability to support the company's strategic initiatives and drive growth. Sragovicz's responsibilities will include managing all aspects of finance and accounting, with a focus on advancing Intellicheck's market expansion and long-term growth strategies.