Wednesday, March 6, 7:47 AM
There's a merger in the collections industry, with Asset Acceptance Capital (AACC) selling itself to Encore Capital (ECPG) for $6.50/share in either cash or stock. AACC +10.9% premarket. "(This) moves our industry into a new phase of maturity defined by more efficient companies that are committed to operating ethically and treating customers with respect." (PR)
Monday, October 29, 2012, 4:09 PMAsset Acceptance Capital (AACC): Q3 EPS of $0.05 misses by $0.02. Revenue of $54.7M (-3.4% Y/Y) misses by $4M. (PR)
Monday, July 30, 2012, 4:38 PMAsset Acceptance Capital (AACC): Q2 EPS of $0.12 beats by $0.02. Revenue of $58.7M (+7.3% Y/Y) misses by $0.8M. (PR)
Thursday, April 26, 2012, 5:21 PMAsset Acceptance (AACC): Q1 EPS of $0.18 beats by $0.17. Revenue of $61M (+22% Y/Y) beats by $3M. Shares +1.9% AH.
Monday, March 5, 2012, 4:28 PMAsset Acceptance Capital (AACC): Q4 EPS of $0.16 beats by $0.06. Revenue of $56.4M (+18.8% Y/Y) beats by $5M. Shares +0.7% AH. (PR)
Tuesday, January 31, 2012, 6:11 AM
The FTC fines debt collector Asset Acceptance (AACC) $2.5M, the second-largest penalty ever levied by the agency as it steps up its crackdown on illegal practices in the industry. Asset's sins included allegedly tricking borrowers into paying debts they didn't legally need to.