Latest news with #JeffersonCapital
Associated Press
04-08-2025
- Business
- Associated Press
Jefferson Capital to Announce Second Quarter 2025 Results
MINNEAPOLIS, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Jefferson Capital, Inc. ('Jefferson Capital'), a leading analytically driven purchaser and manager of charged-off and insolvency consumer accounts, today announced that it will release financial results for the second quarter 2025 after the market close on Thursday, August 14, followed by a webcast at 5:00 pm Eastern Time that day to discuss the Company's results. The live webcast and archived replay can be accessed in the investor relations section of the Company's website at About Jefferson Capital, Inc. Founded in 2002, Jefferson Capital is an analytically driven purchaser and manager of charged-off and insolvency consumer accounts with operations in the United States, Canada, the United Kingdom and Latin America. It purchases and services both secured and unsecured assets, and its growing client base includes Fortune 500 creditors, banks, fintech origination platforms, telecommunications providers, credit card issuers and auto finance companies. Jefferson Capital is headquartered in Minneapolis, Minnesota with additional offices and operations located in Sartell, Minnesota, Denver, Colorado and San Antonio, Texas (United States); Basingstoke, England; London, England and Paisley, Scotland (United Kingdom); London, Ontario and Toronto, Ontario (Canada); as well as Bogota (Colombia). Contacts: Investor Relations [email protected] Media Relations [email protected]
Yahoo
21-07-2025
- Business
- Yahoo
Jefferson Capital initiated with bullish views on collections edge
-- Coverage of Jefferson Capital was started with bullish ratings by Wall Street analysts, who cited the company's dominance in collecting low-balance consumer debts, strong returns, and expansion into new geographies and asset classes. Citizens, KBW, and Jefferies each launched coverage with buy-equivalent ratings, setting price targets between $22 and $29. Analysts pointed to JCAP's differentiated business model, high barriers to entry, and consistent profitability since its founding in 2002. Citizens initiated at Market Outperform with a $23 target, saying Jefferson has 'cracked the code' on profitably collecting on hard-to-recover small-balance accounts. The firm expects the company to outgrow peers due to its focus beyond traditional credit card charge-offs, with new seller relationships and a more flexible cost structure helping drive organic growth. Citizens values the stock at ~9x 2026 EPS and sees a total return potential of 43%, including a 6% dividend yield. KBW started coverage with an Outperform rating and $22 target, noting JCAP's 46% ROE in 2024 (pro forma), well above peers. Though ROE is expected to normalize to 30% by 2027, KBW flagged the company's low leverage and room for faster deployment growth. It values the stock at 8x 2026 EPS of $2.74. Jefferies was the most bullish, assigning a Buy and $29 price target, or 10x FY27 EPS, citing superior execution, regulatory track record, and international expansion. The brokerage highlighted JCAP's operations across the U.S., Canada, U.K., and Latin America, with plans to enter continental Europe. Jefferies also pointed to favorable macro tailwinds as rising charge-offs create a rich supply of portfolios, while consumer payment rates remain stable. Analysts flagged risks around regulation, pricing volatility, and macro shocks, but emphasized JCAP's proven resilience and consistent returns. Related articles Jefferson Capital initiated with bullish views on collections edge Surge of 50% since our AI selection, this chip giant still has great potential Apollo economist warns: AI bubble now bigger than 1990s tech mania Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
26-06-2025
- Business
- Business Standard
Jefferson Capital valued at $1.2 billion after strong Nasdaq debut
Private equity-backed Jefferson Capital has secured a valuation of $1.2 billion after its shares rose 26.7% in their Nasdaq debut on Thursday, signaling a steady recovery in investor appetite for listings with strong fundamentals. The consumer debt collector's shares opened at $19 apiece, above its offer price of $15 per share. The Minneapolis, Minnesota-based company and some existing investors raised $150 million by selling 10 million shares in the IPO. The US IPO market has recovered in recent weeks after President Donald Trump's shifting trade policies rattled investors and froze new listings earlier this year. The rebound is likely to be selective, led by high-quality and long-anticipated issuers, IPOX research associate Lukas Muehlbauer said. Jefferson's total revenue jumped 34.1 per cent to $433.3 million in 2024 compared with the previous year, continuing a steady trajectory since 2019. The debut mirrors strong first-day performances last week of cancer diagnostic firm Caris Life and Slide Insurance . Stablecoin issuer Circle Internet and digital bank Chime also made stellar debuts earlier this month. But companies such as eToro, Voyager, and Omada, hot on debut, are trading below opening price as of last close. "The initial pop is often fueled by the scarcity of an allocation, while the subsequent trading helps establish a more sustainable, long-term market price. Ultimately, this dynamic is less about fading interest and more about the market undertaking a healthy process of price discovery," said Muehlbauer. Founded in 2002, Jefferson purchases and manages unpaid consumer debts in the U.S., Canada, UK and Latin America. It helps banks, credit card issuers and other lenders recover debt. The company, which competes with PRA Group and Encore Capital Group in its core U.S. market, was acquired by U.S.-based private equity firm J.C. Flowers in 2018.
Bloomberg
26-06-2025
- Business
- Bloomberg
Jefferson Capital Rises 27% After Bottom-Priced $150 Million IPO
Jefferson Capital Inc. shares rose as much as 27% in its public debut after the company and some of its backers raised $150 million in an initial public offering. Shares in the buyer of charged-off consumer debt traded at around $18 each as of 11:02 a.m. on Thursday in New York, versus an IPO price of $15 apiece. The company and investors including private equity firm JC Flowers & Co. sold about 10 million shares at the bottom of the marketed range.
Reuters
26-06-2025
- Business
- Reuters
Debt collector Jefferson Capital valued at $1.2 billion in strong Nasdaq debut
June 26 (Reuters) - Shares of Jefferson Capital (JCAP.O), opens new tab rose 26.7% in their Nasdaq debut on Thursday, valuing the consumer debt collector at $1.2 billion. Jefferson's shares opened at $19 apiece, above its offer price of $15 per share. The Minneapolis, Minnesota-based company and some existing investors raised $150 million by selling 10 million shares in the IPO. The U.S. IPO market has recovered in recent weeks after President Donald Trump's shifting trade policies rattled investors and froze new listings earlier this year. Jefferson's debut mirrors the strong first-day performances last week of cancer diagnostic firm Caris Life (CAI.O), opens new tab and Slide Insurance (SLDE.O), opens new tab.
