PRA Group, Inc. Expected to Post Q3 2017 Earnings of $0.38 Per Share (PRAA)
PRA Group, Inc. (NASDAQ:PRAA) – Stock analysts at First Analysis issued their Q3 2017 earnings per share (EPS) estimates for PRA Group in a research report issued on Tuesday. First Analysis analyst L. Berlin expects that the business services provider will post earnings of $0.38 per share for the quarter. First Analysis also issued estimates for PRA Group’s Q4 2017 earnings at $0.41 EPS and FY2018 earnings at $2.01 EPS.
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 consensus estimate of $0.48 by ($0.23). The company had revenue of $200.30 million for the quarter, compared to analyst estimates of $208.97 million. PRA Group had a return on equity of 4.69% and a net margin of 9.76%. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/06/pra-group-inc-expected-to-post-q3-2017-earnings-of-0-38-per-share-praa.html.
Several other analysts also recently weighed in on the company. Citigroup Inc. downgraded PRA Group to an “underperform” rating in a research report on Thursday, September 21st. Raymond James Financial, Inc. restated an “underperform” rating on shares of PRA Group in a report on Thursday, September 21st. BidaskClub downgraded PRA Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded PRA Group from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Janney Montgomery Scott downgraded PRA Group from a “neutral” rating to a “sell” rating in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.00.
Shares of PRA Group (PRAA) opened at 28.85 on Friday. PRA Group has a 12 month low of $23.15 and a 12 month high of $42.70. The stock’s 50 day moving average is $29.02 and its 200 day moving average is $33.88. The firm has a market cap of $1.30 billion, a P/E ratio of 17.59 and a beta of 1.49.
Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its holdings in shares of PRA Group by 10.7% during the second quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 305 shares in the last quarter. 1st Global Advisors Inc. raised its holdings in shares of PRA Group by 7.8% during the second quarter. 1st Global Advisors Inc. now owns 13,035 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 938 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in shares of PRA Group by 7.5% during the second quarter. Grandeur Peak Global Advisors LLC now owns 286,975 shares of the business services provider’s stock valued at $10,876,000 after acquiring an additional 20,025 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of PRA Group during the second quarter valued at approximately $1,102,000. Finally, Sterling Capital Management LLC raised its holdings in shares of PRA Group by 17.6% during the second quarter. Sterling Capital Management LLC now owns 49,013 shares of the business services provider’s stock valued at $1,858,000 after acquiring an additional 7,322 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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