PRA Group, Inc. (PRAA) Expected to Announce Quarterly Sales of $202.41 Million
Equities research analysts expect that PRA Group, Inc. (NASDAQ:PRAA) will announce sales of $202.41 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for PRA Group’s earnings, with estimates ranging from $202.33 million to $202.50 million. PRA Group reported sales of $221.98 million during the same quarter last year, which indicates a negative year-over-year growth rate of 8.8%. The firm is expected to issue its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that PRA Group will report full year sales of $202.41 million for the current fiscal year, with estimates ranging from $808.52 million to $827.00 million. For the next fiscal year, analysts expect that the business will post sales of $874.51 million per share, with estimates ranging from $850.58 million to $903.64 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for PRA Group.
PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.23). The firm had revenue of $200.30 million for the quarter, compared to the consensus estimate of $208.97 million. PRA Group had a net margin of 9.76% and a return on equity of 4.69%. The business’s revenue was down 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share.
A number of equities analysts have recently commented on PRAA shares. Keefe, Bruyette & Woods started coverage on shares of PRA Group in a research report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 target price on the stock. BidaskClub raised shares of PRA Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Zacks Investment Research lowered shares of PRA Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One 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. The company presently has an average rating of “Hold” and an average price target of $38.00.
Shares of PRA Group (NASDAQ:PRAA) opened at 28.80 on Friday. PRA Group has a 52-week low of $23.15 and a 52-week high of $42.70. The firm’s 50-day moving average price is $32.10 and its 200 day moving average price is $34.49. The company has a market capitalization of $1.30 billion, a PE ratio of 17.56 and a beta of 1.50.
Large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of PRA Group by 6.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 264,171 shares of the business services provider’s stock worth $8,758,000 after acquiring an additional 17,070 shares during the period. Boston Partners increased its position in shares of PRA Group by 2.0% during the second quarter. Boston Partners now owns 414,651 shares of the business services provider’s stock worth $15,715,000 after acquiring an additional 8,027 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of PRA Group by 17.4% during the first quarter. Parametric Portfolio Associates LLC now owns 98,625 shares of the business services provider’s stock worth $3,269,000 after acquiring an additional 14,621 shares during the period. WS Management Lllp increased its position in shares of PRA Group by 12.3% during the first quarter. WS Management Lllp now owns 1,346,870 shares of the business services provider’s stock worth $44,649,000 after acquiring an additional 147,230 shares during the period. Finally, Thrivent Financial For Lutherans increased its position in shares of PRA Group by 4.6% during the first quarter. Thrivent Financial For Lutherans now owns 26,440 shares of the business services provider’s stock worth $876,000 after acquiring an additional 1,170 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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