Wall Street analysts predict that Pra Group Inc (NASDAQ:PRAA) will report sales of $203.32 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Pra Group’s earnings, with estimates ranging from $184.00 million to $211.69 million. Pra Group reported sales of $206.56 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.6%. The company is scheduled to issue its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Pra Group will report full year sales of $203.32 million for the current fiscal year, with estimates ranging from $755.00 million to $869.94 million. For the next financial year, analysts expect that the company will post sales of $928.84 million per share, with estimates ranging from $831.00 million to $964.72 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Pra Group.
Pra Group (NASDAQ:PRAA) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $205.67 million during the quarter, compared to the consensus estimate of $195.56 million. Pra Group had a net margin of 19.94% and a return on equity of 5.83%.
PRAA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Pra Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 21st. UBS initiated coverage on shares of Pra Group in a research note on Monday, January 8th. They issued a “market perform” rating for the company. Oppenheimer initiated coverage on shares of Pra Group in a research note on Monday, January 8th. They issued a “hold” rating for the company. BidaskClub lowered shares of Pra Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Finally, William Blair reiterated an “outperform” rating on shares of Pra Group in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $40.00.
Pra Group (PRAA) traded up $1.05 during trading hours on Wednesday, hitting $38.45. 541,632 shares of the stock traded hands, compared to its average volume of 556,604. The company has a market cap of $1,691.43, a price-to-earnings ratio of 10.86 and a beta of 1.50. Pra Group has a 12 month low of $25.72 and a 12 month high of $40.55.
In other Pra Group news, Director Penelope W. Kyle sold 1,975 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $33.45, for a total transaction of $66,063.75. Following the completion of the sale, the director now owns 36,425 shares in the company, valued at approximately $1,218,416.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its stake in Pra Group by 10.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 305 shares in the last quarter. Zions Bancorporation bought a new stake in Pra Group during the 3rd quarter valued at $121,000. SG Americas Securities LLC bought a new stake in Pra Group during the 3rd quarter valued at $189,000. Amalgamated Bank bought a new stake in Pra Group during the 4th quarter valued at $215,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Pra Group during the 3rd quarter valued at $259,000.
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Pra Group Company Profile
PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.
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