Encore Capital ( (ECPG) ) has shared an update.
On February 26, 2025, Encore Capital Group, Inc. released its fourth-quarter 2024 investor presentation, highlighting significant growth driven by its U.S. business. The company reported a 26% increase in portfolio purchases, a 16% rise in collections, and a 20% boost in cash generation for 2024. Despite challenges with its European subsidiary, Cabot, Encore implemented restructuring actions and achieved an 8% increase in collections. The company plans to resume share repurchases in 2025, indicating a positive outlook for future performance.
More about Encore Capital
Encore Capital Group, Inc. is a market leader in the United States in the debt recovery industry, with over 25 years of operation. The company focuses on purchasing non-performing loan portfolios at attractive cash returns and ensuring high compliance standards. It has a significant presence in the UK and is expanding in European markets such as France and Spain.
YTD Price Performance: 6.15%
Average Trading Volume: 143,619
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.18B
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