PROG (PRG) Stock Price, News & Analysis

5 Wall Street 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 analysts is that investors should "moderate buy" PRG shares.
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5 Wall Street research analysts have issued 1 year price targets for PROG's stock. Their PRG share price targets range from $37.00 to $44.00. On average, they predict the company's share price to reach $39.60 in the next year. This suggests a possible upside of 28.3% from the stock's current price.
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PROG's stock was trading at $30.91 at the start of the year. Since then, PRG stock has decreased by 0.2% and is now trading at $30.86.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
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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.

PROG Holdings, Inc. (NYSE:PRG) issued its earnings results on Wednesday, February, 21st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. The business earned $577.40 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share.

PROG declared a quarterly dividend on Wednesday, February 21st. Shareholders 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 yield of 1.56%. The ex-dividend date of this dividend is Wednesday, March 13th.
Read our dividend analysis for PRG.

PROG (NYSE:PRG) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.52%. 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.

ETFs with the largest weight of PROG (NYSE:PRG) stock in their portfolio include Invesco S&P SmallCap 600 Pure Growth ETF (RZG), ETC 6 Meridian Small Cap Equity ETF (SIXS), Roundhill Acquirers Deep Value ETF (DEEP), Burney U.S. Factor Rotation ETF (BRNY) and Distillate Small/Mid Cash Flow ETF (DSMC).Schwab Fundamental U.S. Small Company Index ETF (FNDA).

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.

PROG's stock is owned by a number of institutional and retail investors. Top institutional shareholders include DGS Capital Management LLC (0.11%), Guidance Capital Inc. (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.
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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.
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