PRA Group, Inc. (NASDAQ:PRAA) Expected to Announce Earnings of $0.74 Per Share

Equities research analysts forecast that PRA Group, Inc. (NASDAQ:PRAAGet Rating) will announce $0.74 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for PRA Group’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.77. PRA Group reported earnings of $1.27 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 41.7%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that PRA Group will report full year earnings of $2.75 per share for the current financial year, with EPS estimates ranging from $1.59 to $3.40. For the next year, analysts expect that the firm will report earnings of $3.44 per share, with EPS estimates ranging from $1.57 to $4.27. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for PRA Group.

PRA Group (NASDAQ:PRAAGet Rating) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The company had revenue of $256.90 million during the quarter, compared to analysts’ expectations of $252.55 million. PRA Group had a return on equity of 13.01% and a net margin of 16.72%. PRA Group’s revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS.

Several equities research analysts have recently commented on the company. StockNews.com downgraded PRA Group from a “buy” rating to a “hold” rating in a report on Saturday. William Blair reiterated an “outperform” rating on shares of PRA Group in a research report on Tuesday, March 1st. Finally, JMP Securities decreased their price target on PRA Group from $60.00 to $56.00 and set a “market outperform” rating on the stock in a research report on Tuesday, March 1st.

Several institutional investors and hedge funds have recently modified their holdings of PRAA. Stephens Inc. AR increased its holdings in shares of PRA Group by 5.7% during the fourth quarter. Stephens Inc. AR now owns 4,298 shares of the business services provider’s stock valued at $216,000 after acquiring an additional 231 shares in the last quarter. Redmond Asset Management LLC raised its stake in shares of PRA Group by 0.8% during the 4th quarter. Redmond Asset Management LLC now owns 38,854 shares of the business services provider’s stock valued at $1,951,000 after purchasing an additional 317 shares during the period. Point72 Hong Kong Ltd increased its stake in PRA Group by 53.7% in the 3rd quarter. Point72 Hong Kong Ltd now owns 919 shares of the business services provider’s stock worth $39,000 after acquiring an additional 321 shares during the last quarter. California State Teachers Retirement System increased its position in shares of PRA Group by 0.6% during the 4th quarter. California State Teachers Retirement System now owns 62,279 shares of the business services provider’s stock valued at $3,127,000 after purchasing an additional 361 shares during the last quarter. Finally, Marshall Wace North America L.P. boosted its holdings in PRA Group by 32.9% during the 1st quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 410 shares during the period. Institutional investors own 98.89% of the company’s stock.

Shares of PRAA traded up $0.17 on Monday, hitting $44.89. The company’s stock had a trading volume of 2,031 shares, compared to its average volume of 219,368. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 11.11 and a beta of 1.32. PRA Group has a fifty-two week low of $36.31 and a fifty-two week high of $51.00. The firm’s fifty day moving average price is $45.06 and its 200-day moving average price is $45.31.

PRA Group Company Profile (Get Rating)

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas, Australia, and Europe. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.

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