Q1 2017 Earnings Forecast for PRA Group Inc. Issued By William Blair (PRAA)
PRA Group Inc. (NASDAQ:PRAA) – Investment analysts at William Blair lifted their Q1 2017 earnings per share (EPS) estimates for shares of PRA Group in a report released on Tuesday. William Blair analyst R. Napoli now anticipates that the firm will post earnings per share of $0.84 for the quarter, up from their previous estimate of $0.78. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for PRA Group’s Q2 2017 earnings at $0.85 EPS.
PRA Group (NASDAQ:PRAA) last issued its earnings results on Monday, August 8th. The company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. The business had revenue of $228.50 million for the quarter, compared to the consensus estimate of $227.92 million. PRA Group had a net margin of 13.89% and a return on equity of 19.50%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 EPS.
Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of PRA Group from a “sell” rating to a “hold” rating in a research report on Thursday. First Analysis assumed coverage on shares of PRA Group in a research report on Tuesday, June 7th. They issued an “overweight” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. PRA Group has a consensus rating of “Hold” and a consensus price target of $32.25.
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PRA Group (NASDAQ:PRAA) traded up 0.36% during midday trading on Thursday, reaching $33.84. 93,197 shares of the company were exchanged. PRA Group has a one year low of $20.00 and a one year high of $56.00. The firm’s 50-day moving average is $30.36 and its 200-day moving average is $28.56. The firm has a market cap of $1.57 billion, a P/E ratio of 12.59 and a beta of 1.41.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mason Street Advisors LLC bought a new position in shares of PRA Group during the second quarter worth approximately $219,000. Royal Bank of Canada increased its position in shares of PRA Group by 21.8% in the second quarter. Royal Bank of Canada now owns 901,080 shares of the company’s stock worth $21,752,000 after buying an additional 161,570 shares during the last quarter. Lebenthal Holdings LLC increased its position in shares of PRA Group by 2.5% in the second quarter. Lebenthal Holdings LLC now owns 60,723 shares of the company’s stock worth $1,466,000 after buying an additional 1,476 shares during the last quarter. Stifel Financial Corp bought a new position in shares of PRA Group during the second quarter worth approximately $809,000. Finally, Fiera Capital Corp bought a new position in shares of PRA Group during the second quarter worth approximately $7,212,000.
In related news, insider Michael J. Petit sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $28.11, for a total transaction of $84,330.00. Following the transaction, the insider now directly owns 125,157 shares of the company’s stock, valued at $3,518,163.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Petit sold 8,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $28.93, for a total transaction of $240,119.00. Following the transaction, the insider now directly owns 116,857 shares in the company, valued at $3,380,673.01. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
PRA Group Company Profile
PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.
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