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Encore Capital Group Inc   (NASDAQ: ECPG)
Other Ticker:  
 
 
Price: $50.3200 $1.08 2.193%
Day's High: $50.32 Week Perf: 1.25 %
Day's Low: $ 49.12 30 Day Perf: 5.85 %
Volume (M): 130 52 Wk High: $ 54.55
Volume (M$): $ 6,527 52 Wk Avg: $46.57
Open: $49.51 52 Wk Low: $39.64



 Market Capitalization (Millions $) 1,228
 Shares Outstanding (Millions) 24
 Employees 7,400
 Revenues (TTM) (Millions $) 1,328
 Net Income (TTM) (Millions $) -185
 Cash Flow (TTM) (Millions $) 102
 Capital Exp. (TTM) (Millions $) 28

Encore Capital Group Inc

We are an international specialty finance company providing debt recovery solutions for consumers and property owners across a broad range of financial assets.

Portfolio Purchasing and Recovery Business
We purchase portfolios of defaulted consumer receivables at deep discounts to face value and manage them by working with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, and telecommunication companies. Defaulted receivables may also include receivables subject to bankruptcy proceedings.

United States
Through certain subsidiaries, we are a market leader in portfolio purchasing and recovery in the United States, including Puerto Rico.

Europe
Through our controlling interest in United Kingdom-based Cabot Credit Management Limited (“Cabot”), we are a market leader in debt management in the United Kingdom and Ireland. Cabot specializes in collecting higher balance, “semi-performing” accounts (i.e., debt portfolios in which over 50% of the accounts have received a payment in three of the last four months immediately prior to the portfolio purchase). In February 2014, Cabot acquired Marlin Financial Group Limited (“Marlin”), a leading acquirer of non-performing consumer debt in the United Kingdom. Marlin is differentiated by its use of litigation-enhanced collections for non-paying financial services receivables, which complements Cabot’s management of semi-performing accounts. On June 1, 2015, Cabot continued to expand in the United Kingdom with its acquisition of Hillesden Securities Ltd and its subsidiaries (“dlc”).


We own a majority ownership interest in Grove Holdings (“Grove”). Through its subsidiaries Grove is a leading specialty investment firm focused on consumer non-performing loans, including insolvencies in the United Kingdom (in particular, individual voluntary arrangements, or IVAs) and bank and non-bank receivables in Spain. To date, operating results from Grove have been immaterial to our total consolidated operating results.

Latin America
Through our majority ownership interest in Refinancia S.A. (“Refinancia”), we are a market leader in debt collection and management in Colombia and Peru. In addition to purchasing defaulted receivables, Refinancia offers portfolio management services to banks for non-performing loans. Refinancia also specializes in non-traditional niches in the geographic areas in which it operates, including providing financial solutions to individuals who have previously defaulted on their obligations. In addition to operations in Colombia and Peru, we evaluate and purchase non-performing loans in other countries in Latin America, including Mexico and Brazil. Beginning in December 2014, we began investing in non-performing secured residential mortgages in Latin America. To date, operating results from our Latin America operations have not been significant to our total consolidated operating results.

Through our subsidiary, Propel Acquisition, LLC and its subsidiaries and affiliates (collectively, “Propel”), we acquire and service residential and commercial tax liens on real property. To the extent permitted by local law, Propel works directly with property owners to structure affordable payment plans by paying delinquent property taxes on behalf of such property owners in exchange for payment agreements collateralized by tax liens on the related properties and purchases tax liens directly from taxing authorities in several states.

The foundation of our success is our people, our organizational agility, and our integrity. This foundation supports strengths in four key areas, which we refer to as our pillars:

Superior Analytics, including our extensive investments in data and behavioral science and our use of sophisticated predictive modeling techniques;

Operational Scale and Cost Leadership, driven by our specialized call centers, efficient international operations, and the continuing expansion of our internal legal platform;

Strong Capital Stewardship, underpinned by our disciplined ability to raise and deploy capital prudently; and

Extendable Business Model, driven by our scalable platform that supports strategic investment opportunities in new asset classes and geographic areas.
Although we have enabled millions of consumers to retire a portion of their outstanding debt, one of the debt collection industry’s most formidable challenges is that many financially distressed consumers will never make a payment, much less retire their total debt obligation. In fact, we generate payments from less than one percent of our accounts every month. To address these challenges, we evaluate portfolios of receivables that are available for purchase using robust, account-level valuation methods, and we employ proprietary statistical and behavioral models across all our operations. We believe these business practices contribute to our ability to value portfolios accurately, avoid buying portfolios that are incompatible with our methods or goals, and align the accounts we purchase with our operational channels to maximize future collections. We also have one of the industry’s largest databases of financially distressed consumers. We believe that our specialized knowledge, along with our investments in data and analytic tools, have enabled us to realize significant returns from the receivables we have acquired. We maintain strong relationships with many of the largest credit providers in the United States. In addition, through our international subsidiaries, we maintain strong relationships with many of the largest credit providers in the European and the Latin American markets we serve.



   Company Address: 350 Camino De La Reina San Diego 92108 CA
   Company Phone Number: 445 - 4581   Stock Exchange / Ticker: NASDAQ ECPG


Customers Net Income grew by ECPG's Customers Net Profit Margin grew to


13.33 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
PRAA        0.71% 
AIG        1.22% 
KEY   -0.17%    
LMFA   -3.06%    
TFC   -0.73%    
WFC        3.32% 
• View Complete Report
   



Management Changes

Encore Capital Group Announces CFO Succession Amidst Challenging Financial Performance: A New Era Begins,

Published Wed, Aug 7 2024 8:05 PM UTC

Article for :
Encore Capital Group Announces CFO Transition: Tomas Hernanz to Assume Role in 2025 Upon Jonathan Clark s Retirement
SAN DIEGO, Aug. 07, 2024 - Encore Capital Group, Inc. (NASDAQ: ECPG), a leading international specialty finance company, has recently made a significant announcement. Jonathan C. Clark, the Executive Vice President and Chief Financial Off...

Financing Agreement

Encore Capital Group, Inc. Sets the Stage for Growth with Proposed Senior Secured Notes Offering

Published Mon, May 13 2024 11:17 AM UTC

Encore Capital Group, Inc. Announces Proposed Senior Secured Notes Offering
SAN DIEGO, May 13, 2024 - Encore Capital Group, Inc. (Nasdaq: ECPG), a leading global specialty finance company, has recently revealed its plans to make a private offering of senior secured notes due in 2030. These notes, totaling $400.0 million in aggregate principal amount, will be made availab...

Encore Capital Group Inc

Encore Capital Group Inc Sees Steady Revenue Growth Throughout First Quarter of 2024

Encore Capital Group, Inc. (NASDAQ: ECPG) recently reported its consolidated financial results for the fiscal first quarter of 2024, showcasing impressive progress in various areas. The company's earnings per share (EPS) saw a significant increase of 26.67% to $0.95 per share compared to $0.75 a year ago. Furthermore, the EPS turned positive from the previous reporting period, where it stood at $-11.40 per share.
In terms of revenue, Encore Capital Group saw a growth of 5.04%, reaching $328.39 million compared to $312.63 million in the corresponding reporting period a year ago. Additionally, the company experienced a sequential revenue improvement of 18.386% from $277.39 million. However, when compared to its peers in the Consumer Financial Services industry, Encore Capital Group's revenue rise lagged behind, with an average improvement of 12.09% relative to Q1 of 2023.

Partnership

Empowering the Future: Encore Capital Group and Junior Achievement USA Join Forces for Financial Education

Published Tue, Apr 23 2024 12:50 PM UTC

Encore Capital Group Expands Partnership with Junior Achievement to Drive Financial Education for YouthEncore Capital Group, Inc. recently announced a strategic partnership with Junior Achievement USA, aiming to empower young individuals through comprehensive financial education programs. This alliance reflects Encore Capital Group s dedication to nurturing financial literac...

Financing Agreement

Encore Capital Group, Inc Announces Upsized Senior Secured Notes Offering

Published Fri, Mar 15 2024 12:00 AM UTC

Encore Capital Group, Inc. Announces Upsized Senior Secured Notes Offering
SAN DIEGO, March 14, 2024 - Encore Capital Group, Inc. (Nasdaq: ECPG) is proud to announce the successful pricing of its upsized senior secured notes offering. The company has raised $500.0 million in aggregate principal amount through this private offering, an increase of $100.0 million from the ...







Encore Capital Group Inc's Segments
United States    70.37 % of total Revenue
Total Europe    29.54 % of total Revenue
United Kingdom    22.88 % of total Revenue
Other European countries    6.65 % of total Revenue
Other Geographies    0.1 % of total Revenue





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