PRA Group (NASDAQ:PRAA) Announces Quarterly Earnings Results, Beats Estimates By $0.24 EPS

PRA Group (NASDAQ:PRAA) released its quarterly earnings results on Monday. The business services provider reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.24, Briefing.com reports. PRA Group had a negative return on equity of 6.82% and a negative net margin of 10.40%. The firm had revenue of $255.59 million for the quarter, compared to analyst estimates of $233.37 million. During the same period in the previous year, the company posted ($1.50) EPS. PRA Group’s revenue for the quarter was up 64.4% on a year-over-year basis.

PRA Group Stock Performance

Shares of NASDAQ:PRAA traded up $0.44 on Thursday, hitting $25.75. The company’s stock had a trading volume of 33,593 shares, compared to its average volume of 209,526. PRA Group has a 12 month low of $11.85 and a 12 month high of $31.43. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -11.88 and a beta of 1.47. The stock’s 50-day moving average is $24.73 and its two-hundred day moving average is $22.58.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com raised PRA Group from a “hold” rating to a “buy” rating in a research report on Wednesday. JMP Securities reiterated a “market outperform” rating and issued a $33.00 price target on shares of PRA Group in a report on Tuesday.

Insider Transactions at PRA Group

In other news, CEO Vikram A. Atal sold 5,830 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $24.39, for a total value of $142,193.70. Following the completion of the transaction, the chief executive officer now owns 155,625 shares of the company’s stock, valued at $3,795,693.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

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 worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.