Edition:
United States

Encore Capital Group Inc (ECPG.OQ)

ECPG.OQ on NASDAQ Stock Exchange Global Select Market

38.50USD
4:00pm EDT
Change (% chg)

$0.25 (+0.65%)
Prev Close
$38.25
Open
$38.70
Day's High
$39.30
Day's Low
$38.25
Volume
90,104
Avg. Vol
90,294
52-wk High
$39.30
52-wk Low
$18.25

Latest Key Developments (Source: Significant Developments)

Encore Capital Group says unit Midland Funding won supreme court case
Tuesday, 16 May 2017 08:00am EDT 

May 16 (Reuters) - Encore Capital Group Inc :Encore Capital Group Inc says its subsidiary midland funding prevailed in case Midland Funding, LLC V. Johnson which was before supreme court of U.S..  Full Article

Ashish Masih to become president, CEO of Encore Capital Group
Thursday, 4 May 2017 04:06pm EDT 

May 4 (Reuters) - Encore Capital Group Inc ::Encore Capital Group - president and chief executive officer Ken Vecchione will be leaving company to become president of Western Alliance Bancorporation.Encore Capital Group Inc - Vecchione will remain in his role at Encore until 2017 annual stockholders meeting on June 15, 2017.Ashish Masih to become president and CEO of Encore Capital Group.  Full Article

Encore Capital Group reports Q1 GAAP earnings per share $0.85 from cont ops
Thursday, 4 May 2017 04:05pm EDT 

May 4 (Reuters) - Encore Capital Group Inc :Encore Capital Group announces first quarter 2017 financial results.Q1 revenue $272 million versus i/b/e/s view $285.2 million.Q1 GAAP earnings per share $0.85 from continuing operations.Q1 earnings per share view $0.93 -- Thomson Reuters I/B/E/S.  Full Article

Encore Capital to offer private placement of convertible senior notes
Monday, 27 Feb 2017 07:00am EST 

Encore Capital Group Inc : Encore capital group, inc. Announces private placement of convertible senior notes .Encore capital group - intends to offer $125 million aggregate principal amount of convertible senior notes due 2022 in a private placement.  Full Article

Encore Capital Q4 GAAP earnings per share $0.85 from continuing operations
Thursday, 23 Feb 2017 04:05pm EST 

Encore Capital Group Inc : Encore Capital Group announces fourth quarter and full-year 2016 financial results . Q4 revenue $271 million versus I/B/E/S view $277.7 million . Q4 GAAP earnings per share $0.85 from continuing operations . Q4 earnings per share view $0.67 -- Thomson Reuters I/B/E/S .Q4 adjusted earnings per share $0.72 from continuing operations.  Full Article

BOFI says Paul Grinberg appointed chairman of the board
Thursday, 16 Feb 2017 04:45pm EST 

BOFI Holding Inc : BOFI announces new chairman of its board of directors . Says Paul Grinberg appointed chairman of the board . Says chairman of the board Ted Allrich to retire .BOFI Holding Inc - Allrich will continue to serve company in a consulting capacity through February 28, 2018.  Full Article

Encore Capital Group says entered into third amended, restated credit agreement - SEC filing
Tuesday, 27 Dec 2016 04:32pm EST 

Encore Capital Group : Encore Capital Group Inc - on December 20, 2016, co entered into third amended and restated credit agreement - SEC filing . Third restated credit agreement provides for an increase in revolving credit facility from $742.6 million to $781.7 million . Encore Capital Group Inc - amendment to agreement provides for increase in term loan facility from $158.8 million to $166.4 million . Encore Capital Group - restated credit agreement still provides for accordion feature for co to increase senior secured credit facilities by $250.0 million .Encore Capital Group Inc - including accordion feature, maximum amount that can be borrowed under restated credit agreement is approximately $1.2 billion.  Full Article

Encore Capital Group announces Q2 2016 financial results
Thursday, 4 Aug 2016 04:05pm EDT 

Encore Capital Group Inc : Q2 GAAP earnings per share $1.14 from continuing operations . Q2 earnings per share view $1.21 -- Thomson Reuters I/B/E/S . Encore Capital Group announces second quarter 2016 financial results . Q2 revenue $289 million versus I/B/E/S view $297 million .Q2 non-GAAP earnings per share $1.29 from continuing operations.  Full Article

Encore Capital Group reports Q1 GAAP earnings per share $1.12 from continuing operations
Tuesday, 10 May 2016 04:36pm EDT 

Encore Capital Group Inc : Q1 GAAP earnings per share $1.12 from continuing operations . Q1 revenue $289 million versus I/B/E/S view $303.8 million . Q1 non-GAAP earnings per share $1.31 from continuing operations . Q1 adjusted operating earnings per share $1.31 .Q1 earnings per share view $1.27 -- Thomson Reuters I/B/E/S.  Full Article

Encore Capital Group enters agreement to sell Propel Financial Services to Prophet Capital Asset Management
Wednesday, 24 Feb 2016 04:00pm EST 

Encore Capital Group:Enters agreement to sell propel financial services to prophet capital asset management.Sale expected to generate more than $150 million of after-tax proceeds for Encore.Transaction, which would establish Propel's enterprise value at more than $340 million, is expected to close before the end of the first calendar quarter of 2016.Encore's decision to divest Propel reflects the broadening array of opportunities within its global footprint and improving performance within its U.S. core business to generate greater returns on invested capital.Impairment charge of $49 million dollars in the fourth quarter. On a cash-on-cash IRR basis, Encore's ownership of Propel is expected to conclude as a nearly break-even investment.  Full Article

More From Around the Web

BRIEF-Encore Capital Group says unit Midland Funding won supreme court case

* Encore Capital Group Inc says its subsidiary midland funding prevailed in case Midland Funding, LLC V. Johnson which was before supreme court of U.S. Source text for Eikon: Further company coverage: