$0.36 EPS Expected for Pra Group Inc (PRAA) This Quarter

Wall Street brokerages expect Pra Group Inc (NASDAQ:PRAA) to post earnings per share of $0.36 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Pra Group’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.31. Pra Group reported earnings of $0.38 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Pra Group will report full year earnings of $1.80 per share for the current year, with EPS estimates ranging from $1.68 to $1.92. For the next year, analysts expect that the company will post earnings of $2.45 per share, with EPS estimates ranging from $2.06 to $2.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Pra Group.

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Pra Group (NASDAQ:PRAA) last announced its earnings results on Tuesday, February 27th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Pra Group had a net margin of 19.94% and a return on equity of 5.83%. The firm had revenue of $205.67 million for the quarter, compared to analyst estimates of $195.56 million.

Several analysts have issued reports on the stock. ValuEngine raised shares of Pra Group from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BidaskClub raised shares of Pra Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Oppenheimer reissued a “hold” rating on shares of Pra Group in a research note on Thursday, March 1st. Alex. Brown raised shares of Pra Group from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Finally, William Blair reissued an “outperform” rating on shares of Pra Group in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Pra Group in the third quarter worth $189,000. Amalgamated Bank acquired a new position in shares of Pra Group in the fourth quarter worth $215,000. Fox Run Management L.L.C. acquired a new position in shares of Pra Group in the fourth quarter worth $267,000. Carillon Tower Advisers Inc. acquired a new position in shares of Pra Group in the fourth quarter worth $346,000. Finally, Jane Street Group LLC acquired a new position in shares of Pra Group in the fourth quarter worth $377,000.

Shares of NASDAQ:PRAA opened at $37.45 on Friday. Pra Group has a 12-month low of $25.72 and a 12-month high of $40.55. The firm has a market cap of $1,754.75, a price-to-earnings ratio of 28.16 and a beta of 1.44.

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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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Earnings History and Estimates for Pra Group (NASDAQ:PRAA)

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