$0.37 Earnings Per Share Expected for Pra Group Inc (PRAA) This Quarter

Wall Street brokerages expect that Pra Group Inc (NASDAQ:PRAA) will announce earnings per share of $0.37 for the current quarter, Zacks reports. Four analysts have issued estimates for Pra Group’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.32. Pra Group posted earnings per share of ($0.33) during the same quarter last year, which indicates a positive year-over-year growth rate of 212.1%. The company is expected to announce its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Pra Group will report full-year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.37 to $1.39. For the next fiscal year, analysts anticipate that the company will post earnings of $1.62 per share, with EPS estimates ranging from $1.40 to $1.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Pra Group.

Pra Group (NASDAQ:PRAA) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 7.57% and a return on equity of 2.98%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share.

Several analysts have commented on PRAA shares. Janney Montgomery Scott cut shares of Pra Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 4th. 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 report on Tuesday, October 10th. Zacks Investment Research raised shares of Pra Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 21st. Citigroup lowered shares of Pra Group to an “underperform” rating in a research note on Thursday, September 21st. Finally, Raymond James Financial reaffirmed an “underperform” rating on shares of Pra Group in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $40.00.

In other news, Director Penelope W. Kyle sold 1,975 shares of the company’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $33.45, for a total value of $66,063.75. Following the sale, the director now directly owns 36,425 shares of the company’s stock, valued at approximately $1,218,416.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 worth $107,000 after acquiring an additional 304 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Pra Group by 10.7% in the second quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock valued at $119,000 after buying an additional 305 shares in the last quarter. Zions Bancorporation acquired a new stake in Pra Group in the third quarter valued at approximately $121,000. Advisor Group Inc. boosted its position in Pra Group by 3.5% in the second quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock valued at $221,000 after buying an additional 196 shares in the last quarter. Finally, Amalgamated Bank boosted its position in Pra Group by 2.5% in the second quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock valued at $242,000 after buying an additional 154 shares in the last quarter.

Pra Group (PRAA) opened at $34.15 on Thursday. Pra Group has a one year low of $25.72 and a one year high of $42.70. The stock has a market cap of $1,506.39, a P/E ratio of 27.54 and a beta of 1.60.

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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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