Analysts forecast that PRA Group, Inc. (NASDAQ:PRAA – Get Rating) will report sales of $243.35 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for PRA Group’s earnings. The lowest sales estimate is $236.03 million and the highest is $251.09 million. PRA Group reported sales of $285.63 million in the same quarter last year, which indicates a negative year over year growth rate of 14.8%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that PRA Group will report full-year sales of $977.71 million for the current fiscal year, with estimates ranging from $930.75 million to $1.00 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.02 billion, with estimates ranging from $965.27 million to $1.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for PRA Group.
PRA Group (NASDAQ:PRAA – Get Rating) last released its quarterly earnings results on Monday, May 9th. The business services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.23. The business had revenue of $240.60 million for the quarter, compared to the consensus estimate of $253.46 million. PRA Group had a net margin of 16.72% and a return on equity of 13.01%. PRA Group’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 EPS.
PRA Group stock opened at $39.12 on Wednesday. The company has a market capitalization of $1.57 billion, a P/E ratio of 9.68 and a beta of 1.28. PRA Group has a 1-year low of $36.82 and a 1-year high of $51.00. The firm’s fifty day simple moving average is $44.03 and its 200-day simple moving average is $45.33.
In other PRA Group news, CEO Kevin P. Stevenson sold 10,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 370,949 shares in the company, valued at approximately $16,651,900.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin P. Stevenson sold 5,000 shares of the firm’s stock in a transaction on Friday, April 22nd. The stock was sold at an average price of $43.56, for a total transaction of $217,800.00. Following the completion of the sale, the chief executive officer now owns 360,949 shares in the company, valued at $15,722,938.44. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock worth $1,329,950 over the last 90 days. Company insiders own 1.75% of the company’s stock.
Several institutional investors have recently modified their holdings of PRAA. Point72 Hong Kong Ltd boosted its position in shares of PRA Group by 53.7% during the 3rd quarter. Point72 Hong Kong Ltd now owns 919 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 321 shares in the last quarter. Marshall Wace North America L.P. boosted its position in shares of 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 in the last quarter. CastleArk Alternatives LLC acquired a new stake in shares of PRA Group during the 3rd quarter valued at about $48,000. Sageworth Trust Co of South Dakota acquired a new position in PRA Group in the fourth quarter valued at about $71,000. Finally, Hardy Reed LLC acquired a new position in PRA Group in the first quarter valued at about $112,000. Institutional investors and hedge funds own 98.89% of the company’s stock.
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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