PROG (NYSE:PRG – Get Free Report) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.65-0.75 for the period, compared to the consensus estimate of $0.69. The company issued revenue guidance of $550-575 million, compared to the consensus revenue estimate of $565.93 million. PROG also updated its FY 2024 guidance to 2.850-3.100 EPS.
PROG Stock Performance
NYSE PRG opened at $33.98 on Friday. PROG has a 52-week low of $26.39 and a 52-week high of $44.81. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.49 and a current ratio of 3.91. The company has a market capitalization of $1.48 billion, a P/E ratio of 13.87 and a beta of 2.08. The company has a fifty day moving average of $32.36 and a 200-day moving average of $30.72.
PROG (NYSE:PRG – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. PROG had a net margin of 4.71% and a return on equity of 26.67%. The company had revenue of $641.87 million during the quarter, compared to the consensus estimate of $632.24 million. As a group, equities research analysts predict that PROG will post 3 EPS for the current fiscal year.
PROG Dividend Announcement
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Loop Capital lifted their target price on shares of PROG from $31.00 to $35.00 and gave the stock a hold rating in a research report on Thursday. Stephens upgraded shares of PROG from an equal weight rating to an overweight rating in a research report on Tuesday, January 2nd. Finally, TD Cowen lifted their target price on shares of PROG from $38.00 to $40.00 and gave the stock a buy rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $39.60.
Check Out Our Latest Stock Analysis on PRG
PROG Company Profile
PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.
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