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Encore Capital Group Inc (ECPG.OQ)

ECPG.OQ on NASDAQ Stock Exchange Global Select Market

43.70USD
15 Dec 2017
Change (% chg)

$-0.70 (-1.58%)
Prev Close
$44.40
Open
$44.40
Day's High
$44.45
Day's Low
$43.40
Volume
365,075
Avg. Vol
80,396
52-wk High
$50.00
52-wk Low
$26.30

Latest Key Developments (Source: Significant Developments)

Michael Monaco to become Encore Capital non-executive Chairman
Thursday, 2 Nov 2017 04:06pm EDT 

Nov 2 (Reuters) - Encore Capital Group Inc :Michael Monaco to become non-executive Chairman of Encore Capital Group.Encore Capital Group Inc - ‍Board unanimously elected Michael Monaco, a current independent director, as Chairman​.Encore Capital Group Inc - ‍Willem Mesdag has resigned from its Board of Directors effective November 1, 2017​.  Full Article

Encore Capital Group reports Q3 GAAP earnings per share $1.05
Thursday, 2 Nov 2017 04:05pm EDT 

Nov 2 (Reuters) - Encore Capital Group Inc :Encore Capital Group Inc announces third quarter 2017 financial results.Q3 revenue $307 million versus I/B/E/S view $283.5 million.Q3 GAAP earnings per share $1.05.Q3 earnings per share view $0.91 -- Thomson Reuters I/B/E/S.Encore Capital Group Inc qtrly ‍adjusted income attributable to encore per share was $1.17​.  Full Article

Encore Capital Group Inc - on August 23, unit entered into a senior facility agreement - SEC filing
Monday, 28 Aug 2017 04:52pm EDT 

Aug 28 (Reuters) - Encore Capital Group Inc :Encore Capital Group Inc - on August 23, unit entered into a senior facility agreement - SEC filing.Encore Capital Group Inc- unit entered deal for initial committed amount of £260 million with an uncommitted accordion feature of £90 million.Encore Capital Group-senior facility agreement has initial availability periods ending September 2020, initial repayment dates ending September 2022.Encore Capital Group-unit intends to initially draw down £260 million,portion of which to be used by Cabot group to redeem £150 million in senior secured notes due 2020.  Full Article

Encore Capital Group Inc to buy Wescot Credit Services Limited
Thursday, 24 Aug 2017 03:01am EDT 

Aug 24 (Reuters) - Encore Capital Group Inc :Encore Capital Group Inc announces expansion in UK through acquisition of Wescot Credit Services Limited by Cabot Credit Management .  Full Article

Encore Capital Group says co entered into a third amended and restated senior secured note purchase agreement
Thursday, 17 Aug 2017 04:41pm EDT 

Aug 17 (Reuters) - Encore Capital Group Inc :Encore Capital Group Inc - on August 11, 2017, company entered into a third amended and restated senior secured note purchase agreement.Encore Capital Group - pursuant to amendment co issued and sold $325.0 million in senior secured notes to certain affiliates of Prudential Capital Group.Encore Capital Group - 2017 senior secured notes bear annual interest rate of 5.625 percent, mature in 2024 with principal amortization beginning in Nov 2019.Encore Capital Group - interest on 2017 senior secured notes is payable qtrly on Feb 11, May 11, Aug 11 and Nov 11 of each year - SEC filing.  Full Article

Encore Capital Group Q2 earnings per share $0.77
Thursday, 3 Aug 2017 04:05pm EDT 

Aug 3 (Reuters) - Encore Capital Group Inc :Encore Capital Group announces second quarter 2017 financial results.Q2 revenue $291 million versus I/B/E/S view $274.4 million.Q2 GAAP earnings per share $0.77.Q2 earnings per share view $0.82 -- Thomson Reuters I/B/E/S.Encore Capital Group Inc qtrly‍ estimated remaining collections grew $719 million compared to same period of prior year, to $6.26 billion​.Encore Capital Group Inc qtrly ‍ gross collections grew 3% to $446 million, compared to $434 million in same period of prior year​.  Full Article

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

BRIEF-Encore Capital's U.K.-based unit will not go forward with previously announced IPO​

* Encore Capital Group - co's U.K.-based unit Cabot Credit Management decided to not go forward with its previously announced initial public offering​