Analysts Expect PRA Group, Inc. (NASDAQ:PRAA) Will Announce Earnings of $0.74 Per Share

Brokerages forecast that PRA Group, Inc. (NASDAQ:PRAAGet Rating) will announce earnings of $0.74 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for PRA Group’s earnings. The highest EPS estimate is $0.77 and the lowest is $0.69. PRA Group reported earnings per share of $1.27 during the same quarter last year, which would suggest a negative year-over-year growth rate of 41.7%. The company is expected to issue its next quarterly earnings report after the market closes 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 year, with EPS estimates ranging from $1.59 to $3.40. For the next year, analysts anticipate that the business will report earnings of $3.44 per share, with EPS estimates ranging from $1.57 to $4.27. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover PRA Group.

PRA Group (NASDAQ:PRAAGet Rating) last released its earnings results on Monday, February 28th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. PRA Group had a return on equity of 13.01% and a net margin of 16.72%. The firm had revenue of $256.90 million for the quarter, compared to analyst estimates of $252.55 million. During the same period in the previous year, the company earned $0.65 earnings per share. PRA Group’s revenue was down 6.2% compared to the same quarter last year.

Several equities research analysts recently issued reports on the company. JMP Securities reduced their price objective on PRA Group from $60.00 to $56.00 and set a “market outperform” rating for the company in a research note on Tuesday, March 1st. William Blair reaffirmed an “outperform” rating on shares of PRA Group in a research report on Tuesday, March 1st. Finally, StockNews.com downgraded shares of PRA Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 16th.

In related news, CEO Kevin P. Stevenson sold 10,000 shares of PRA Group stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $44.89, for a total value of $448,900.00. Following the transaction, the chief executive officer now owns 370,949 shares in the company, valued at approximately $16,651,900.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin P. Stevenson sold 5,000 shares of the company’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $42.99, for a total transaction of $214,950.00. Following the sale, the chief executive officer now owns 355,949 shares of the company’s stock, valued at $15,302,247.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,000 shares of company stock worth $1,329,950. Insiders own 1.75% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PRAA. Turtle Creek Asset Management Inc. lifted its holdings in shares of PRA Group by 2.9% during the third quarter. Turtle Creek Asset Management Inc. now owns 2,733,668 shares of the business services provider’s stock worth $115,197,000 after buying an additional 76,700 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in shares of PRA Group by 0.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,801,503 shares of the business services provider’s stock valued at $90,453,000 after acquiring an additional 8,519 shares during the last quarter. State Street Corp increased its stake in shares of PRA Group by 7.1% in the fourth quarter. State Street Corp now owns 1,532,223 shares of the business services provider’s stock valued at $76,933,000 after buying an additional 101,084 shares in the last quarter. abrdn plc grew its stake in shares of PRA Group by 8.9% during the first quarter. abrdn plc now owns 1,240,795 shares of the business services provider’s stock valued at $55,935,000 after purchasing an additional 101,590 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of PRA Group by 46,947.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,234,991 shares of the business services provider’s stock valued at $52,043,000 after buying an additional 1,232,366 shares during the period. 98.89% of the stock is owned by institutional investors and hedge funds.

Shares of PRA Group stock opened at $41.83 on Monday. PRA Group has a 12 month low of $36.82 and a 12 month high of $51.00. The stock has a market cap of $1.68 billion, a PE ratio of 10.35 and a beta of 1.28. The business has a fifty day simple moving average of $44.20 and a 200-day simple moving average of $45.38.

About PRA Group (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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