PRA Group (PRAA) to Release Earnings on Monday

PRA Group (NASDAQ:PRAA) is scheduled to announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.13. PRA Group had a negative return on equity of 6.82% and a negative net margin of 10.40%. The firm had revenue of $221.42 million during the quarter, compared to analyst estimates of $208.25 million. During the same period in the previous year, the company earned $0.41 earnings per share. PRA Group’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts expect PRA Group to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PRA Group Stock Up 1.0 %

NASDAQ:PRAA opened at $24.11 on Monday. PRA Group has a 52 week low of $11.85 and a 52 week high of $36.77. The company has a market cap of $946.25 million, a PE ratio of -11.32 and a beta of 1.46. The business’s 50 day moving average is $24.95 and its two-hundred day moving average is $22.21.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JMP Securities lifted their price objective on shares of PRA Group from $26.00 to $33.00 and gave the stock a “market outperform” rating in a report on Friday, February 16th. StockNews.com raised shares of PRA Group from a “sell” rating to a “hold” rating in a research report on Friday, February 16th.

Insider Activity at PRA Group

In other PRA Group news, CEO Vikram A. Atal sold 5,830 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $24.39, for a total value of $142,193.70. Following the sale, the chief executive officer now directly owns 155,625 shares of the company’s stock, valued at $3,795,693.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.

PRA Group Company Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. 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.