PROG (PRG) Stock Price, News & Analysis

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.
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5 brokers have issued twelve-month price objectives for PROG's shares. Their PRG share price targets range from $37.00 to $44.00. On average, they expect the company's stock price to reach $39.60 in the next twelve months. This suggests a possible upside of 23.8% 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 increased by 3.5% and is now trading at $32.00.
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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) released its quarterly earnings results on Wednesday, February, 21st. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS.

PROG announced a quarterly dividend on Wednesday, February 21st. Investors 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 1.50%. 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 1.56%. 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) and Burney U.S. Factor Rotation ETF (BRNY).Schwab Fundamental U.S. Small Company Index ETF (FNDA).

PROG issued an update on 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 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 investors 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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