Zacks: Brokerages Anticipate PRA Group, Inc. (PRAA) Will Announce Earnings of $0.31 Per Share
Brokerages forecast that PRA Group, Inc. (NASDAQ:PRAA) will report $0.31 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for PRA Group’s earnings, with estimates ranging from $0.22 to $0.38. PRA Group posted earnings per share of $0.68 in the same quarter last year, which would suggest a negative year over year growth rate of 54.4%. The business is expected to report its next earnings report on Monday, November 6th.
According to Zacks, analysts expect that PRA Group will report full-year earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.13 to $1.50. For the next year, analysts expect that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.14 to $2.01. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for PRA Group.
PRA Group (NASDAQ:PRAA) last released its quarterly earnings results 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). The firm had revenue of $200.30 million during the quarter, compared to analyst estimates of $208.97 million. PRA Group had a net margin of 9.76% and a return on equity of 4.69%. PRA Group’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share.
PRAA has been the topic of several recent analyst reports. Raymond James Financial, Inc. reissued an “underperform” rating on shares of PRA Group in a report on Thursday, September 21st. Citigroup Inc. lowered shares of PRA Group to an “underperform” rating in a report on Thursday, September 21st. BidaskClub lowered shares of PRA Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of PRA Group from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Keefe, Bruyette & Woods lowered shares of PRA Group from an “outperform” rating to a “market perform” rating and raised their target price for the company from $36.00 to $40.00 in a report on Tuesday, October 10th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. PRA Group presently has a consensus rating of “Sell” and a consensus price target of $36.00.
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Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of 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. Huntington National Bank grew its holdings in shares of 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 grew its holdings in shares of 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. Ameritas Investment Partners Inc. bought a new stake in shares of PRA Group during the 1st quarter valued at approximately $132,000. Finally, UBS Group AG grew its holdings in shares of PRA Group by 101.1% during the 1st quarter. UBS Group AG now owns 5,172 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 2,600 shares during the last quarter.
PRA Group (PRAA) opened at 29.35 on Monday. The firm has a 50-day moving average of $28.74 and a 200-day moving average of $33.58. PRA Group has a 52-week low of $23.15 and a 52-week high of $42.70. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 17.90 and a beta of 1.49.
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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