PRA Group (NASDAQ:PRAA) – Equities researchers at William Blair cut their Q3 2018 earnings estimates for shares of PRA Group in a research report issued on Thursday, May 10th. William Blair analyst R. Napoli now expects that the business services provider will earn $0.44 per share for the quarter, down from their prior estimate of $0.51. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for PRA Group’s Q1 2019 earnings at $0.55 EPS, Q2 2019 earnings at $0.61 EPS, Q3 2019 earnings at $0.68 EPS and Q4 2019 earnings at $0.70 EPS.
A number of other brokerages have also weighed in on PRAA. Zacks Investment Research lowered PRA Group from a “buy” rating to a “hold” rating in a report on Monday, March 12th. BidaskClub raised PRA Group from a “sell” rating to a “hold” rating in a report on Monday. Oppenheimer reaffirmed a “hold” rating on shares of PRA Group in a report on Thursday, March 1st. Finally, ValuEngine raised PRA Group from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. PRA Group currently has an average rating of “Hold” and an average price target of $40.00.
Shares of PRAA opened at $38.65 on Monday. PRA Group has a twelve month low of $38.50 and a twelve month high of $39.25. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 29.06 and a beta of 1.46.
PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The company had revenue of $205.67 million during the quarter, compared to analyst estimates of $195.56 million. PRA Group had a net margin of 16.29% and a return on equity of 5.88%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Eagle Asset Management Inc. boosted its holdings in PRA Group by 1.2% in the 4th quarter. Eagle Asset Management Inc. now owns 139,641 shares of the business services provider’s stock valued at $4,684,000 after purchasing an additional 1,638 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of PRA Group by 2.3% during the 1st quarter. Prudential Financial Inc. now owns 76,549 shares of the business services provider’s stock worth $2,909,000 after acquiring an additional 1,750 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of PRA Group by 2.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 82,533 shares of the business services provider’s stock worth $3,137,000 after acquiring an additional 1,889 shares in the last quarter. Swiss National Bank boosted its stake in shares of PRA Group by 2.7% during the 1st quarter. Swiss National Bank now owns 78,500 shares of the business services provider’s stock worth $2,983,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of PRA Group by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 406,062 shares of the business services provider’s stock worth $13,481,000 after acquiring an additional 2,229 shares in the last quarter.
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 in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.
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