PRA Group, Inc. (PRAA) Scheduled to Post Quarterly Earnings on Monday
PRA Group, Inc. (NASDAQ:PRAA) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.38 per share for the quarter.
PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results 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). PRA Group had a return on equity of 4.69% and a net margin of 9.76%. The company had revenue of $200.30 million for the quarter, compared to the consensus estimate of $208.97 million. During the same period in the previous year, the business posted $0.83 EPS. The business’s revenue for the quarter was down 12.3% on a year-over-year basis. On average, analysts expect PRA Group to post $1.32 EPS for the current fiscal year and $1.57 EPS for the next fiscal year.
PRA Group, Inc. (NASDAQ PRAA) opened at 27.95 on Monday. The company has a market cap of $1.26 billion, a PE ratio of 17.04 and a beta of 1.49. The stock’s 50 day moving average is $28.60 and its 200 day moving average is $33.44. PRA Group, Inc. has a 12 month low of $23.15 and a 12 month high of $42.70.
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Several brokerages have recently weighed in on PRAA. BidaskClub upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Janney Montgomery Scott lowered shares of PRA Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 4th. Zacks Investment Research lowered shares of PRA Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Keefe, Bruyette & Woods lowered shares of PRA Group from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $36.00 to $40.00 in a research report on Tuesday, October 10th. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of PRA Group in a research report on Thursday, September 21st. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has an average rating of “Sell” and a consensus target price of $36.00.
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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