Equities analysts forecast that PRA Group, Inc. (NASDAQ:PRAA) will post sales of $200.95 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for PRA Group’s earnings, with the highest sales estimate coming in at $203.40 million and the lowest estimate coming in at $196.93 million. PRA Group reported sales of $155.26 million during the same quarter last year, which indicates a positive year over year growth rate of 29.4%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that PRA Group will report full-year sales of $200.95 million for the current year, with estimates ranging from $804.83 million to $811.30 million. For the next year, analysts forecast that the company will post sales of $844.15 million per share, with estimates ranging from $836.94 million to $849.84 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover PRA Group.

PRA Group (NASDAQ:PRAA) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). The business had revenue of $201.00 million during the quarter, compared to analyst estimates of $196.96 million. PRA Group had a net margin of 7.57% and a return on equity of 2.98%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS.

A number of equities research analysts have weighed in on the company. BidaskClub downgraded PRA Group from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Zacks Investment Research raised PRA Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 21st. Keefe, Bruyette & Woods downgraded 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. Janney Montgomery Scott downgraded PRA Group from a “neutral” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Citigroup downgraded PRA Group to an “underperform” rating in a report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRAA. Turtle Creek Asset Management Inc. boosted its holdings in shares of PRA Group by 35.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,955,965 shares of the business services provider’s stock valued at $170,638,000 after acquiring an additional 1,566,430 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of PRA Group during the 3rd quarter valued at $18,167,000. Investment Counselors of Maryland LLC boosted its holdings in shares of PRA Group by 376.4% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 617,790 shares of the business services provider’s stock valued at $17,700,000 after acquiring an additional 488,114 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PRA Group by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,744,664 shares of the business services provider’s stock valued at $66,123,000 after acquiring an additional 218,409 shares in the last quarter. Finally, GMT Capital Corp acquired a new stake in shares of PRA Group during the 2nd quarter valued at $6,103,000.

Shares of PRA Group (NASDAQ:PRAA) opened at $34.80 on Friday. The firm has a market capitalization of $1,571.88, a price-to-earnings ratio of 54.38 and a beta of 1.58. PRA Group has a twelve month low of $25.72 and a twelve month high of $42.70.

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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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Earnings History and Estimates for PRA Group (NASDAQ:PRAA)

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