PRA Group, Inc. Expected to Earn FY2017 Earnings of $1.50 Per Share (NASDAQ:PRAA)
PRA Group, Inc. (NASDAQ:PRAA) – Stock analysts at SunTrust Banks decreased their FY2017 earnings per share (EPS) estimates for shares of PRA Group in a note issued to investors on Tuesday. SunTrust Banks analyst M. Hughes now forecasts that the business services provider will earn $1.50 per share for the year, down from their previous forecast of $1.93. SunTrust Banks also issued estimates for PRA Group’s Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.51 EPS and FY2018 earnings at $1.75 EPS.
PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.23. The firm had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $208.97 million. PRA Group had a return on equity of 4.69% and a net margin of 9.76%. The company’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. COPYRIGHT VIOLATION NOTICE: “PRA Group, Inc. Expected to Earn FY2017 Earnings of $1.50 Per Share (NASDAQ:PRAA)” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/11/pra-group-inc-expected-to-earn-fy2017-earnings-of-1-50-per-share-nasdaqpraa.html.
Several other equities analysts have also commented on the company. Keefe, Bruyette & Woods assumed coverage on PRA Group in a report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 target price for the company. Zacks Investment Research lowered PRA Group from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, BidaskClub raised PRA Group from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. PRA Group has a consensus rating of “Buy” and a consensus target price of $38.00.
Shares of PRA Group (NASDAQ:PRAA) traded down 2.26% on Friday, hitting $32.45. The company’s stock had a trading volume of 116,127 shares. The firm has a market cap of $1.47 billion, a PE ratio of 19.79 and a beta of 1.49. The company has a 50 day moving average of $38.26 and a 200 day moving average of $36.35. PRA Group has a 1-year low of $23.15 and a 1-year high of $42.70.
In related news, Director Geir Olsen bought 142,000 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was bought at an average cost of $34.55 per share, with a total value of $4,906,100.00. Following the completion of the acquisition, the director now owns 27,162 shares of the company’s stock, valued at $938,447.10. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the stock. Thrivent Financial For Lutherans raised its position in PRA Group by 5.5% in the second quarter. Thrivent Financial For Lutherans now owns 27,890 shares of the business services provider’s stock valued at $1,057,000 after buying an additional 1,450 shares during the period. Amalgamated Bank raised its position in shares of PRA Group by 2.5% in the second quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock worth $242,000 after buying an additional 154 shares during the period. Ameriprise Financial Inc. raised its position in shares of PRA Group by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 247,933 shares of the business services provider’s stock worth $9,397,000 after buying an additional 657 shares during the period. Teachers Advisors LLC raised its position in shares of PRA Group by 4.3% in the second quarter. Teachers Advisors LLC now owns 84,288 shares of the business services provider’s stock worth $3,195,000 after buying an additional 3,450 shares during the period. Finally, Oak Ridge Investments LLC raised its position in shares of PRA Group by 0.9% in the second quarter. Oak Ridge Investments LLC now owns 1,077,845 shares of the business services provider’s stock worth $40,850,000 after buying an additional 9,745 shares during the period.
About PRA Group
PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.
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