Encore Capital Gr (NASDAQ:ECPG) Stock, Quote.Headers.trade-ideas

Encore Capital Gr

Encore Capital Group Inc is an international specialty finance company. It provides debt recovery solutions for consumers and property owners across a broad range of financial assets. The company purchase portfolios of defaulted consumer receivables at deep discounts to face value and manages them by working with individuals as the consumer repay their obligations and work toward financial recovery. Encore has only a reportable segment being portfolio purchasing and recovery.

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As of the close of business on Monday, 6/26, we captured the Top 10 Highest Short Interest % stocks within the Financial Services sector.

The average short interest for stocks within the Financial Services sector stands at 1.65%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.

Short Interest Sector Focus: Financial Services Sector

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As of the close of business on Tuesday, 6/6, we captured the Top 10 Highest Short Interest % stocks within the Financial Services sector.

The average short interest for stocks within the Financial Services sector stands at 1.64%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.

Penny Stocks

As of the close of business on Thursday, 3/23, we captured the Top 10 Highest Short Interest % stocks within the Financial Services sector.

The average short interest for stocks within the Financial Services sector stands at 1.47%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.

Encore Capital Group Inc

Truist Securities analyst Mark Hughes maintains Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) with a Buy and lowers the price target from $70 to $64.

News

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Encore Capital Gr, Lowers Price Target to $64

WIIM

Encore Capital shares are trading higher after the company reported better-than-expected Q2 financial results.

Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.24 by 8.06 percent. The company reported quarterly sales of $355.285 million which beat the analyst consensus estimate of $346.056 million by 2.67 percent. This is a 9.98 percent increase over sales of $323.044 million the same period last year.

Earnings

Earnings Beats

Encore Capital Gr Q2 2024 GAAP EPS $1.34 Beats $1.24 Estimate, Sales $355.285M Beat $346.056M Estimate

Encore Capital Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>), a leading international specialty finance company, today announced that Jonathan C. Clark, Executive Vice President and Chief Financial Officer, will retire at the end of March 2025. Clark has been with the company since 2014 and has been instrumental in shaping Encore's financial strategy and performance during his time with the organization. &nbsp;
Tomas Hernanz, the current CFO of Cabot Credit Management (a subsidiary of Encore Capital Group), will succeed Clark as CFO next April. Hernanz brings extensive experience in financial management and has been a key contributor to Encore's success since joining in 2016. In his current and previous roles with the organization, Hernanz has worked closely with Clark and senior leadership to implement Encore's global funding structure in 2020, implement new asset-backed financing facilities, and issue corporate bonds in various global markets. Prior to joining the organization, Hernanz served in senior investment and financial roles with several global firms, including Goldman Sachs and Citigroup.

Management

Encore Capital Group Announces Jonathan C. Clark, Executive Vice President And Chief Financial Officer, Will Retire At The End Of March 2025; Tomas Hernanz, Will Succeed Clark As CFO Next April

Encore Capital priced its offering of&nbsp;$500.0 million&nbsp;aggregate principal amount of&nbsp;8.500%&nbsp;senior secured notes due 2030, which was upsized by&nbsp;$100.0 million&nbsp;from&nbsp;$400.0 million.

Offerings

Encore Capital Repots Pricing Of Upsized Senior Secured Notes Offering

Encore Capital Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) (the &quot;Company&quot;) today announced its intention to offer, subject to market and other conditions,&nbsp;$400.0 million&nbsp;aggregate principal amount of senior secured notes due 2030 (the &quot;notes&quot;) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the &quot;Securities Act&quot;) and outside the United States to non-U.S. persons (within the meaning of Regulation S under the Securities Act). 
&nbsp;
The notes will be senior secured obligations of the Company, and will be fully and unconditionally guaranteed on a senior secured basis by substantially all material subsidiaries of the Company. The obligations of the Company and the guarantors will be secured, together with the Company&#39;s other senior secured indebtedness, by substantially all of the assets of the Company and the guarantors. The interest rate and other terms of the notes will be determined at the pricing of the offering.
The Company intends to use the proceeds from this offering to repay drawings under its revolving credit facility (the &quot;Global Senior Facility&quot;), to pay certain transaction fees and expenses incurred in connection with the offering of the notes and for general corporate purposes. The Company currently intends to use borrowings under the Global Senior Facility or other available sources of financing to redeem its &euro;350.0 million senior secured notes due 2025 on or about October 15, 2024.

Encore Capital Announces Proposed $400M Senior Secured Notes Offering

Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) reported quarterly earnings of $0.95 per share which beat the analyst consensus estimate of $0.94 by 1.06 percent. The company reported quarterly sales of $328.386 million which missed the analyst consensus estimate of $330.826 million by 0.74 percent. This is a 5.04 percent increase over sales of $312.630 million the same period last year.

Earnings Misses

Encore Capital Gr Q1 2024 GAAP EPS $0.95 Beats $0.94 Estimate, Sales $328.386M Miss $330.826M Estimate

JMP Securities analyst David Scharf reiterates Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) with a Market Outperform and maintains $60 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Encore Capital Gr, Maintains $60 Price Target

Encore Capital Group Announced That It Has Established A Partnership With Junior Achievement USA To Empower Youth Through Financial Education

Reported Earlier, Encore Capital Prices Upsized $500M 9.250% Senior Secured Notes Due 2029

Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) reported its Q4 earnings results on Wednesday, February 21, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Encore Capital Gr beat estimated earnings by 1.63%, reporting an EPS of $1.25 versus an estimate of $1.23.
Revenue was up $43.39 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.53 which was followed by a 10.42% increase in the share price the next day.
Here's a look at Encore Capital Gr's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.32</td>
<td>1.25</td>
<td>1.21</td>
<td>1.47</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.79</td>
<td>1.08</td>
<td>0.94</td>
<td>-3.11</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>332.57M</td>
<td>326.54M</td>
<td>323.28M</td>
<td>319.60M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>309.62M</td>
<td>323.04M</td>
<td>312.63M</td>
<td>234.00M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Encore Capital Gr <a href="https://www.benzinga.com/quote/ECPG/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Encore Capital Gr: Q4 Earnings Insights

Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $1.23 by 1.63 percent. The company reported quarterly sales of $277.39 million which missed the analyst consensus estimate of $330.72 million by 16.13 percent. This is a 18.54 percent increase over sales of $234.00 million the same period last year.

Encore Capital Gr Q4 2023 Adj EPS $1.25 Beats $1.23 Estimate, Sales $277.39M Miss $330.72M Estimate

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Earnings Scheduled For February 21, 2024

Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement.
Analysts estimate that Encore Capital Gr will report an earnings per share (EPS) of $1.23. 
Encore Capital Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.53, which was followed by a 10.42% increase in the share price the next day.
Here's a look at Encore Capital Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.32</td>
<td>1.25</td>
<td>1.21</td>
<td>1.47</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.79</td>
<td>1.08</td>
<td>0.94</td>
<td>-3.11</td>
</tr>
<tr>
<td>Price Change %</td>
<td>10.42%</td>
<td>-2.88%</td>
<td>-3.85%</td>
<td>-5.88%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708448515_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Encore Capital Gr were trading at $52.73 as of February 19. Over the last 52-week period, shares are down 7.65%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ECPG/earnings">To track all earnings releases for Encore Capital Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Encore Capital Gr

JMP Securities has decided to maintain its Market Outperform rating of Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) and lower its price target from $61.00 to $56.00.
Shares of Encore Capital Gr are trading down 1.05% over the last 24 hours, at $42.30 per share.
A move to $56.00 would account for a 32.39% increase from the current share price.
<h3>About Encore Capital Gr</h3>
Encore Capital Group Inc is a specialty finance company. It provides debt recovery solutions for consumers and property owners across a broad range of financial assets. The company purchase portfolios of defaulted consumer receivables at deep discounts to face value and manage them by working with individuals as the consumer repay their obligations and work toward financial recovery. Encore has only a reportable segment being portfolio purchasing and recovery.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JMP Securities Maintains Market Outperform Rating for Encore Capital Gr: Here's What You Need To Know

JMP Securities analyst David Scharf maintains Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) with a Market Outperform and lowers the price target from $61 to $56.

JMP Securities Maintains Market Outperform on Encore Capital Gr, Lowers Price Target to $56

Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) reported quarterly earnings of $0.79 per share which missed the analyst consensus estimate of $1.32 by 40.15 percent. This is a 35.25 percent decrease over earnings of $1.22 per share from the same period last year. The company reported quarterly sales of $309.62 million which missed the analyst consensus estimate of $332.57 million by 6.90 percent. This is a 0.61 percent increase over sales of $307.75 million the same period last year.

Encore Capital Gr Q3 2023  EPS $0.79 Misses $1.32 Estimate, Sales $309.62M Miss $332.57M Estimate

Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-11-01. Here's what investors need to know before the announcement.
Analysts estimate that Encore Capital Gr will report an earnings per share (EPS) of $1.34. 
Encore Capital Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.17, which was followed by a 2.88% drop in the share price the next day.
Here's a look at Encore Capital Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.25</td>
<td>1.21</td>
<td>1.47</td>
<td>1.78</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.08</td>
<td>0.94</td>
<td>-3.11</td>
<td>1.22</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.88%</td>
<td>-3.85%</td>
<td>-5.88%</td>
<td>-6.48%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698775302_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Encore Capital Gr were trading at $38.1 as of October 30. Over the last 52-week period, shares are down 23.27%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/ECPG/earnings">To track all earnings releases for Encore Capital Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Encore Capital Gr Earnings Preview

Truist Securities analyst Mark Hughes reiterates Encore Capital Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECPG#NASDAQ">ECPG</a>) with a Buy and maintains $73 price target.

Truist Securities Reiterates Buy on Encore Capital Gr, Maintains $73 Price Target

Encore Capital Group upsizes and prices $500M senior notes

Encore Capital Q2 2024 Earnings Preview

Encore Capital (ECPG) just unveiled an update. On August 7, 2024, Encore Capital Group announced quarterly financial results and the impending reti...

Encore Capital Announces CFO Retirement and Successor

Encore Capital (ECPG) just unveiled an update. Encore Capital Group, Inc. recently shared an informative slide presentation on its website, offerin...

Encore Capital Shares Insightful Business Activity Presentation

Encore Capital GAAP EPS of $1.34 beats by $0.08, revenue of $355.29M beats by $9.23M

Encore Capital Group CFO Jonathan Clark to retire

Encore Capital Group, Inc. 2024 Q2 - Results - Earnings Call Presentation

Encore Capital Group, Inc. (ECPG) Q2 2024 Earnings Call Transcript

In a report released today, David Scharf from JMP Securities maintained a Buy rating on Encore Capital (ECPG – Research Report), with a price targe...

JMP Securities Keeps Their Buy Rating on Encore Capital (ECPG)

PRA Group: A Turnaround And A Hedge For An Economic Slowdown

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Financing

Press Releases

Encore Capital Group, Inc. Announces Pricing of Upsized Senior Secured Notes Offering

Encore Capital Group to Announce First Quarter 2024 Financial Results on May 8

Encore Capital Group Expands Junior Achievement Partnership in the United States to Empower Youth Through Financial Education

Encore Capital Group Announces First Quarter 2024 Financial Results

Encore Capital Group, Inc. Announces Proposed Senior Secured Notes Offering

Encore Capital Group to Announce Second Quarter 2024 Financial Results on August 7

Senior Financial Executive Joins Intellicheck

Encore Capital Group Announces CFO Transition: Tomas Hernanz to Assume Role in 2025 Upon Jonathan Clark's Retirement

Encore Capital Group Announces Second Quarter 2024 Financial Results

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Encore Capital Gr

Encore Capital Gr (ECPG) Forecast

Encore Capital Gr (NASDAQ:ECPG) Stock, Quote.Headers.trade-ideas