Pra Group Inc (NASDAQ:PRAA) – Stock analysts at SunTrust Banks cut their Q2 2018 earnings per share (EPS) estimates for Pra Group in a report released on Thursday, June 21st. SunTrust Banks analyst M. Hughes now expects that the business services provider will post earnings of $0.43 per share for the quarter, down from their prior forecast of $0.47. SunTrust Banks also issued estimates for Pra Group’s Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $1.95 EPS, Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.74 EPS and FY2019 earnings at $2.45 EPS.
Pra Group (NASDAQ:PRAA) last posted its quarterly earnings data on Wednesday, May 9th. The business services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.36 by $0.11. The company had revenue of $223.18 million during the quarter, compared to analyst estimates of $205.00 million. Pra Group had a net margin of 16.29% and a return on equity of 5.88%. Pra Group’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share.
Other research analysts have also issued reports about the stock. ValuEngine raised shares of Pra Group from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Oppenheimer reiterated a “hold” rating on shares of Pra Group in a research report on Wednesday, June 6th. BidaskClub upgraded Pra Group from a “sell” rating to a “hold” rating in a research report on Monday, May 14th. Zacks Investment Research downgraded Pra Group from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Finally, Raymond James upgraded Pra Group from an “underperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Pra Group currently has a consensus rating of “Hold” and a consensus target price of $40.00.
NASDAQ PRAA opened at $39.00 on Monday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 29.32 and a beta of 1.42. Pra Group has a 52 week low of $25.72 and a 52 week high of $42.15.
In other news, Chairman Steven D. Fredrickson sold 5,200 shares of Pra Group stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $42.03, for a total transaction of $218,556.00. Following the completion of the sale, the chairman now directly owns 310,252 shares in the company, valued at $13,039,891.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Steven D. Fredrickson sold 1,004 shares of Pra Group stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $41.10, for a total value of $41,264.40. Following the sale, the chairman now owns 321,948 shares of the company’s stock, valued at $13,232,062.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,654 shares of company stock valued at $1,412,929. Corporate insiders own 2.34% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Pra Group in the first quarter valued at about $132,000. We Are One Seven LLC raised its holdings in shares of Pra Group by 242.7% in the first quarter. We Are One Seven LLC now owns 3,691 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 2,614 shares in the last quarter. Zions Bancorporation bought a new stake in shares of Pra Group in the first quarter valued at about $171,000. Victory Capital Management Inc. bought a new stake in shares of Pra Group in the first quarter valued at about $182,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in shares of Pra Group in the first quarter valued at about $206,000.
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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