Last $44.14 USD
Change Today -0.16 / -0.36%
Volume 159.6K
ECPG On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

encore capital group inc (ECPG) Snapshot

Open
$44.23
Previous Close
$44.30
Day High
$44.24
Day Low
$43.85
52 Week High
11/8/13 - $51.95
52 Week Low
05/21/14 - $40.62
Market Cap
1.1B
Average Volume 10 Days
227.6K
EPS TTM
$3.94
Shares Outstanding
25.6M
EX-Date
--
P/E TM
11.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for ENCORE CAPITAL GROUP INC (ECPG)

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encore capital group inc (ECPG) Details

Encore Capital Group, Inc., a specialty finance company, provides debt recovery solutions for consumers and property owners across a range of financial assets worldwide. The company operates in two segments, Portfolio Purchasing and Recovery, and Tax Liens. The Portfolio Purchasing and Recovery segment purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manage them by working with individuals as they repay their obligations. This segment is also involved in the debt management of portfolios consisting of higher balance and semi-performing accounts; and the management of non-performing loans. In addition, it provides portfolio management services to banks for non-performing loans; financial solutions to individuals who have previously defaulted on their obligations; payment plan guarantee services to merchants; and loan guarantee services to financial institutions. Further, this segment focuses on consumer non-performing loans, including insolvencies and non-bank receivables. The Tax Liens segment is engaged in the acquisition and servicing of residential and commercial tax liens on real property. This segment assists property owners who are delinquent on their property taxes by paying these taxes on behalf of the property owners in exchange for payment agreements collateralized by a tax lien on the property. It also purchases tax liens directly from taxing authorities. This segment’s property tax liens include Texas tax liens, Nevada tax liens, and tax lien certificates. Encore Capital Group, Inc. was founded in 1998 and is headquartered in San Diego, California.

encore capital group inc (ECPG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $571.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $542.9K
Executive Vice President of U.S. Debt Purchas...
Total Annual Compensation: $286.7K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $309.5K
Compensation as of Fiscal Year 2013.

encore capital group inc (ECPG) Key Developments

Encore Capital Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Encore Capital Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to the company of $23,561,000 or $0.86 per diluted share on revenue of $269,195,000 against net income attributable to the company of $11,012,000 or $0.44 per diluted share on revenue of $156,121,000 a year ago. Income from operations was $78,506,000 and income before income taxes was $35,363,000 against income from operations of $29,883,000 and income before income taxes of $18,279,000 a year ago. Adjusted EBITDA was $255,818,000 against $172,495,000 a year ago. Adjusted income attributable to company increased to $29.1 million, compared to $21.2 million in the same period of the prior year. For six months, the company reported net income attributable to the company of $46,741,000 or $1.68 per diluted share on revenue of $522,936,000 against net income attributable to the company of $30,460,000 or $1.24 per diluted share on revenue of $300,707,000 a year ago. Income from operations was $146,775,000 and income before income taxes was $65,935,000 against income from operations of $68,597,000 and income before income taxes of $50,298,000 a year ago. Net cash provided by operating activities was $37,597,000 and purchases of property and equipment was $8,943,000 against net cash provided by operating activities of $11,251,000 and purchases of property and equipment of $5,335,000 a year ago. Adjusted EBITDA was $505,492,000 against $346,978,000 a year ago. Adjusted income attributable to company increased to $57.920 million, compared to $41.942 million in the same period of the prior year.

Encore Capital Group, Inc. Amends Restated Credit Agreement

On August 1, 2014, Encore Capital Group, Inc. amended the restated credit agreement to modify the permitted investment provisions in the restated credit agreement to allow investments of up to $205 million for the purpose of consummating the Acquisition, increase the company's ability to incur additional unsecured or subordinated indebtedness from $450 million to $750 million, increase the basket of investments Permitted in unrestricted subsidiaries from $200 million to $250 million, and add a basket to allow for investments in certain subsidiaries of Propel Financial Services, LLC of $200 million. On August 1, 2014, the company amended the second amended and restated senior secured note purchase agreement dated as of May 9, 2013 by and among the company, on the one hand, and The Prudential Insurance Company of America, Pruco Life Insurance Company, Prudential Retirement Insurance and Annuity Company and Prudential Annuities Life Assurance Corporations, on the other hand, for purposes of aligning the covenants in the note purchase agreement with the modified covenants in the restated credit agreement.

Encore Capital Group, Inc. Appoints Michael P. Monaco to its Board of Directors

Encore Capital Group, Inc. announced appointment of Michael P. Monaco to its Board of Directors. Monaco, currently a senior managing director at CDG Group LLC and previously executive vice president and chief financial officer of the American Express Company, has an extensive background in finance, mergers and acquisitions, and the financial services industry. He will serve on the Board's Audit and Risk and Compensation committees.

 

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