PRA Group, Inc. (PRAA) Expected to Post Earnings of $0.44 Per Share
Analysts expect that PRA Group, Inc. (NASDAQ:PRAA) will post earnings per share of $0.44 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for PRA Group’s earnings, with estimates ranging from $0.37 to $0.55. PRA Group posted earnings of $0.68 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 35.3%. The company is expected to announce its next earnings report on Monday, November 6th.
According to Zacks, analysts expect that PRA Group will report full year earnings of $1.49 per share for the current fiscal year, with EPS estimates ranging from $1.47 to $1.50. For the next fiscal year, analysts anticipate that the company will post earnings of $2.20 per share, with EPS estimates ranging from $1.75 to $2.64. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover PRA Group.
PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.25 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $200.30 million during the quarter, compared to analyst estimates of $208.97 million. During the same period last year, the business posted $0.83 EPS. The company’s revenue was down 12.3% on a year-over-year basis.
PRAA has been the subject of several research reports. BidaskClub raised PRA Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods initiated coverage on PRA Group in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, Zacks Investment Research lowered PRA Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $38.00.
Shares of PRA Group (NASDAQ:PRAA) traded down 0.34% on Friday, hitting $28.90. The company had a trading volume of 423,088 shares. The firm’s 50 day moving average price is $32.39 and its 200-day moving average price is $34.58. PRA Group has a 52 week low of $23.15 and a 52 week high of $42.70. The stock has a market capitalization of $1.31 billion, a PE ratio of 17.62 and a beta of 1.50.
A number of hedge funds have recently bought and sold shares of PRAA. BlackRock Inc. increased its position in PRA Group by 53,101.9% during the 1st 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 in the last quarter. Turtle Creek Asset Management Inc. increased its position in PRA Group by 104.0% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 4,303,119 shares of the business services provider’s stock valued at $142,648,000 after buying an additional 2,194,100 shares in the last quarter. Vanguard Group Inc. increased its position in PRA Group by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 4,186,390 shares of the business services provider’s stock valued at $138,779,000 after buying an additional 360,823 shares in the last quarter. Dimensional Fund Advisors LP increased its position in PRA Group by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,744,664 shares of the business services provider’s stock valued at $66,123,000 after buying an additional 218,409 shares in the last quarter. Finally, Bank of Montreal Can increased its position in PRA Group by 3,110.4% during the 2nd quarter. Bank of Montreal Can now owns 186,843 shares of the business services provider’s stock valued at $7,081,000 after buying an additional 181,023 shares in 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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