PRA Group, Inc. (NASDAQ:PRAA) – Stock analysts at First Analysis cut their Q4 2017 EPS estimates for PRA Group in a research note issued to investors on Friday. First Analysis analyst L. Berlin now forecasts that the business services provider will earn $0.38 per share for the quarter, down from their previous forecast of $0.41. First Analysis also issued estimates for PRA Group’s Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.38 EPS and Q3 2018 earnings at $0.44 EPS.
Other equities analysts have also issued reports about the company. BidaskClub lowered PRA Group from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded PRA Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Keefe, Bruyette & Woods lowered PRA Group from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $36.00 to $40.00 in a research report on Tuesday, October 10th. Janney Montgomery Scott lowered PRA Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, Citigroup lowered PRA Group to an “underperform” rating in a research report on Thursday, September 21st. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.00.
PRA Group (NASDAQ:PRAA) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.04). The company had revenue of $201.00 million for the quarter, compared to analyst estimates of $196.96 million. PRA Group had a return on equity of 2.98% and a net margin of 7.57%. PRA Group’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share.
Large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 in the last quarter. Public Employees Retirement System of Ohio lifted 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 in the last quarter. Zions Bancorporation bought a new position in shares of PRA Group during the 3rd quarter valued at about $121,000. UBS Group AG lifted 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 in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of PRA Group during the 3rd quarter valued at about $189,000.
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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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