Bad Credit-Card Debt Is Getting Cheaper, But Good Luck Buying It [Bloomberg Business News]
Encore Capital Group Inc (ECPG)
Last encore capital group inc earnings: 2/26 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investors.encorecapital.com
Company Research
Source: Bloomberg Business News
U.S. banks are sitting on a $1.03 trillion mountain of credit-card loans. More borrowers are starting to default. Yet lenders know they can’t sell souring debt to just any collector. That’s all good news for bidders who make the cut. Sales of bad card loans are climbing -- while prices are falling -- setting up some of the largest debt collectors for better times. Bidders now pay about 10 to 15 cents for every dollar of loans, according to a person with direct knowledge of the industry’s pricing. That’s down from 13.5 to 20 cents two years ago. Meanwhile, some collectors say they’re actually having more success coaxing borrowers to repay. Encore Capital Group Inc. , one of the largest publicly traded collectors, probably will see profit jump 31 percent this year to a record $109 million, according to the average estimate of four analysts surveyed by Bloomberg. After bottoming out in 2015, the firm’s so-called cash collections multiple has reached 2.0, meaning
Show less
Read more
Impact Snapshot
Event Time:
ECPG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ECPG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ECPG alerts
High impacting Encore Capital Group Inc news events
Weekly update
A roundup of the hottest topics
ECPG
News
- Encore Capital Group Expands Junior Achievement Partnership in the United States to Empower Youth Through Financial Education [Yahoo! Finance]Yahoo! Finance
- Encore Capital Group Expands Junior Achievement Partnership in the United States to Empower Youth Through Financial EducationGlobeNewswire
- Encore Capital Group to Announce First Quarter 2024 Financial Results on May 8GlobeNewswire
- Encore Capital Group, Inc. (NASDAQ: ECPG) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $60.00 price target on the stock.MarketBeat
- Encore Capital Group, Inc. (NASDAQ: ECPG) was downgraded by analysts at TheStreet from a "c-" rating to a "d+" rating.MarketBeat
ECPG
Earnings
- 2/21/24 - Miss
ECPG
Sec Filings
- 3/21/24 - Form 8-K
- 3/15/24 - Form 8-K
- 3/12/24 - Form 4
- ECPG's page on the SEC website