Brokers Offer Predictions for PRA Group, Inc.’s Q1 2018 Earnings (PRAA)
PRA Group, Inc. (NASDAQ:PRAA) – Investment analysts at First Analysis decreased their Q1 2018 earnings per share (EPS) estimates for shares of PRA Group in a report issued on Tuesday. First Analysis analyst L. Berlin now expects that the business services provider will post earnings per share of $0.44 for the quarter, down from their previous forecast of $0.56. First Analysis also issued estimates for PRA Group’s Q2 2018 earnings at $0.46 EPS.
Other equities research analysts also recently issued research reports about the company. BidaskClub raised PRA Group from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded PRA Group from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Janney Montgomery Scott downgraded PRA Group from a “neutral” rating to a “sell” rating in a report on Wednesday. Raymond James Financial, Inc. reissued an “underperform” rating on shares of PRA Group in a report on Thursday, September 21st. Finally, Citigroup Inc. downgraded PRA Group to an “underperform” rating in a report on Thursday, September 21st. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $38.00.
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Shares of PRA Group (PRAA) traded down 0.72% during mid-day trading on Thursday, hitting $27.75. 42,868 shares of the stock were exchanged. The company has a market capitalization of $1.25 billion, a PE ratio of 16.92 and a beta of 1.49. PRA Group has a 12-month low of $23.15 and a 12-month high of $42.70. The firm has a 50-day moving average price of $29.09 and a 200 day moving average price of $33.92.
PRA Group (NASDAQ:PRAA) last issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.23). PRA Group had a return on equity of 4.69% and a net margin of 9.76%. The firm had revenue of $200.30 million during the quarter, compared to analyst estimates of $208.97 million. During the same quarter in the previous year, the firm posted $0.83 earnings per share. PRA Group’s quarterly revenue was down 12.3% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in PRAA. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in PRA Group by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 304 shares during the last quarter. Independence Advisors LLC acquired a new stake in PRA Group during the 2nd quarter valued at $112,000. Huntington National Bank lifted its holdings in PRA Group by 5.5% during the 2nd quarter. Huntington National Bank now owns 3,084 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 162 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in PRA Group by 10.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 305 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in PRA Group during the 1st quarter valued at $125,000.
PRA Group Company Profile
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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