$200.95 Million in Sales Expected for Pra Group Inc (PRAA) This Quarter

Wall Street analysts expect Pra Group Inc (NASDAQ:PRAA) to report sales of $200.95 million for the current quarter, Zacks reports. Four analysts have provided estimates for Pra Group’s earnings, with the lowest sales estimate coming in at $196.93 million and the highest estimate coming in at $203.40 million. Pra Group reported sales of $155.26 million in the same quarter last year, which indicates a positive year over year growth rate of 29.4%. The company is expected to report its next quarterly earnings report on Tuesday, February 27th.

On average, 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 financial year, analysts expect that the business 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 analysts that that provide coverage for Pra Group.

Pra Group (NASDAQ:PRAA) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). Pra Group had a net margin of 7.57% and a return on equity of 2.98%. The business had revenue of $201.00 million for the quarter, compared to the consensus estimate of $196.96 million. During the same period in the previous year, the firm earned $0.68 EPS. The company’s revenue was down 9.5% on a year-over-year basis.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Pra Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 21st. Janney Montgomery Scott downgraded shares of Pra Group from a “neutral” rating to a “sell” rating in a report on Wednesday, October 4th. Keefe, Bruyette & Woods cut shares of Pra Group from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $36.00 to $40.00 in a research note on Tuesday, October 10th. Raymond James Financial reiterated an “underperform” rating on shares of Pra Group in a research note on Thursday, September 21st. Finally, Citigroup cut shares of Pra Group to an “underperform” rating in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Pra Group presently has a consensus rating of “Hold” and an average price target of $40.00.

Shares of Pra Group (PRAA) opened at $33.50 on Wednesday. The stock has a market cap of $1,600.00, a price-to-earnings ratio of 54.61 and a beta of 1.59. Pra Group has a 1 year low of $25.72 and a 1 year high of $42.70.

Hedge funds have recently made changes to their positions in the business. Aperio Group LLC raised its position in shares of Pra Group by 8.5% during the 2nd quarter. Aperio Group LLC now owns 14,347 shares of the business services provider’s stock valued at $544,000 after buying an additional 1,130 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Pra Group by 3.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,940 shares of the business services provider’s stock valued at $415,000 after buying an additional 390 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Pra Group by 3.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 67,251 shares of the business services provider’s stock valued at $2,542,000 after buying an additional 2,000 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Pra Group by 8.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 287,170 shares of the business services provider’s stock valued at $10,884,000 after buying an additional 22,999 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Pra Group by 11.9% during the 2nd quarter. Legal & General Group Plc now owns 91,540 shares of the business services provider’s stock valued at $3,470,000 after buying an additional 9,735 shares in the last quarter.

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

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