Analysts Anticipate PRA Group, Inc. (PRAA) Will Announce Earnings of $0.44 Per Share
Brokerages predict that PRA Group, Inc. (NASDAQ:PRAA) will announce earnings of $0.44 per share for the current quarter, Zacks reports. Three analysts have issued estimates for PRA Group’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.55. PRA Group posted earnings per share of $0.68 in the same quarter last year, which would indicate a negative year-over-year growth rate of 35.3%. The company is scheduled to report its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that PRA Group will report full-year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.47 to $1.50. For the next fiscal year, analysts forecast that the business will report earnings of $2.20 per share, with EPS estimates ranging from $1.75 to $2.64. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow PRA Group.
PRA Group (NASDAQ:PRAA) last issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.48 by $0.23. PRA Group had a net margin of 9.76% and a return on equity of 4.69%. The business had revenue of $200.30 million during the quarter, compared to analyst estimates of $208.97 million. During the same period in the previous year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter was down 12.3% on a year-over-year basis.
Several research analysts have issued reports on PRAA shares. Zacks Investment Research upgraded shares of PRA Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Keefe, Bruyette & Woods started coverage on shares of PRA Group in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. PRA Group presently has an average rating of “Hold” and an average target price of $38.00.
PRA Group (NASDAQ PRAA) opened at 29.75 on Monday. The stock has a 50 day moving average price of $36.14 and a 200 day moving average price of $35.69. PRA Group has a 52-week low of $23.15 and a 52-week high of $42.70. The stock has a market cap of $1.34 billion, a P/E ratio of 18.14 and a beta of 1.49.
A number of institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its position in PRA Group by 6.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 264,171 shares of the business services provider’s stock valued at $8,758,000 after buying an additional 17,070 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in PRA Group by 17.4% in the first quarter. Parametric Portfolio Associates LLC now owns 98,625 shares of the business services provider’s stock valued at $3,269,000 after buying an additional 14,621 shares during the last quarter. WS Management Lllp boosted its position in PRA Group by 12.3% in the first quarter. WS Management Lllp now owns 1,346,870 shares of the business services provider’s stock valued at $44,649,000 after buying an additional 147,230 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in PRA Group by 4.6% in the first quarter. Thrivent Financial For Lutherans now owns 26,440 shares of the business services provider’s stock valued at $876,000 after buying an additional 1,170 shares during the last quarter. Finally, BlackRock Inc. boosted its position in PRA Group by 53,101.9% in the first quarter. BlackRock Inc. now owns 6,007,031 shares of the business services provider’s stock valued at $199,134,000 after buying an additional 5,995,740 shares during the last quarter.
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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