NYSE:PRG

PROG (PRG) Stock Price, News & Analysis

$32.76
+0.50 (+1.55%)
(As of 04/23/2024 ET)
Today's Range
$32.38
$33.65
50-Day Range
$28.63
$34.44
52-Week Range
$24.50
$44.81
Volume
495,463 shs
Average Volume
393,984 shs
Market Capitalization
$1.43 billion
P/E Ratio
11.07
Dividend Yield
1.47%
Price Target
$39.60

PROG MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
20.9% Upside
$39.60 Price Target
Short Interest
Healthy
3.50% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.43mentions of PROG in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.25%
From $2.83 to $3.29 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.65 out of 5 stars

Finance Sector

371st out of 837 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

5th out of 12 stocks

PRG stock logo

About PROG Stock (NYSE:PRG)

PROG Holdings, Inc. (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.

PRG Stock Price History

PRG Stock News Headlines

PROG Holdings Q1 2024 Earnings Preview
PROG (PRG) Scheduled to Post Quarterly Earnings on Wednesday
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
PROG Holdings Inc (PRG)
PRG Apr 2024 22.500 put
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
PRG Apr 2024 45.000 call
INFY Jul 2024 14.000 call
INFY Jan 2026 10.000 call
PROG Holdings: Don't Buy Just Yet
North American Morning Briefing: Stock Futures -2-
PROG Holdings: Q4 Earnings Snapshot
PROG Holdings, Inc. Q4 Profit Decreases, but beats estimates
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Ex-Dividend for 3/28 Dividend
3/13/2024
Dividend Payable
3/28/2024
Today
4/23/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
N/A
Employees
1,606
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$39.60
High Stock Price Target
$44.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+20.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$138.84 million
Pretax Margin
8.15%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$41.77 per share
Book Value
$13.54 per share

Miscellaneous

Free Float
42,492,000
Market Cap
$1.44 billion
Optionable
Not Optionable
Beta
2.08
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Key Executives

  • Mr. Steven A. MichaelsMr. Steven A. Michaels (Age 49)
    CEO, Pres & Director
    Comp: $1.97M
  • Mr. Brian J. GarnerMr. Brian J. Garner
    Chief Financial Officer
  • Mr. Marvin A. Fentress (Age 60)
    Gen. Counsel & Corp. Sec.
    Comp: $953.92k
  • Mr. Curtis Linn Doman (Age 48)
    Chief Innovation Officer & Director
    Comp: $1.43M
  • Mr. Trevor Thatcher (Age 46)
    Chief Operations Officer
  • Mr. George Matt Sewell (Age 46)
    Principal Accounting Officer & VP of Financial Reporting
  • Mr. Benjamin Hawksworth (Age 44)
    Chief Product & Technology Officer
  • Mr. Ryan Ray (Age 46)
    Chief Admin. Officer
  • John Baugh
    VP of Investor Relations
  • Mark Delcorps
    Director of Corp. Communications

PRG Stock Analysis - Frequently Asked Questions

Should I buy or sell PROG stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PROG in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PRG shares.
View PRG analyst ratings
or view top-rated stocks.

What is PROG's stock price target for 2024?

5 Wall Street research analysts have issued 1 year price targets for PROG's shares. Their PRG share price targets range from $37.00 to $44.00. On average, they anticipate the company's share price to reach $39.60 in the next year. This suggests a possible upside of 20.9% from the stock's current price.
View analysts price targets for PRG
or view top-rated stocks among Wall Street analysts.

How have PRG shares performed in 2024?

PROG's stock was trading at $30.91 at the start of the year. Since then, PRG shares have increased by 6.0% and is now trading at $32.76.
View the best growth stocks for 2024 here
.

When is PROG's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our PRG earnings forecast
.

How can I listen to PROG's earnings call?

PROG will be holding an earnings conference call on Wednesday, April 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were PROG's earnings last quarter?

PROG Holdings, Inc. (NYSE:PRG) released its quarterly earnings results on Wednesday, February, 21st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. The firm had revenue of $577.40 million for the quarter, compared to the consensus estimate of $568.35 million. PROG had a trailing twelve-month return on equity of 28.83% and a net margin of 5.77%. The business's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share.

How often does PROG pay dividends? What is the dividend yield for PROG?

PROG announced a quarterly dividend on Wednesday, February 21st. Stockholders of record on Thursday, March 14th will be given a dividend of $0.12 per share on Thursday, March 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 13th.
Read our dividend analysis for PRG
.

Is PROG a good dividend stock?

PROG (NYSE:PRG) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.50%. The dividend payout ratio is 16.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRG will have a dividend payout ratio of 14.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRG.

What guidance has PROG issued on next quarter's earnings?

PROG updated its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of 0.800-0.850 for the period, compared to the consensus earnings per share estimate of 0.850. The company issued revenue guidance of $620.0 million-$640.0 million, compared to the consensus revenue estimate of $600.3 million.

Who are PROG's major shareholders?

PROG's stock is owned by a number of retail and institutional investors. Top institutional shareholders include DGS Capital Management LLC (0.11%), Guidance Capital Inc. (0.03%), New Mexico Educational Retirement Board (0.03%) and Los Angeles Capital Management LLC (0.02%). Insiders that own company stock include Brian Garner, Curtis Linn Doman, Douglas C Curling, Eugene Vin Iv Thomas and Steven A Michaels.
View institutional ownership trends
.

How do I buy shares of PROG?

Shares of PRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PRG) was last updated on 4/24/2024 by MarketBeat.com Staff

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