Zacks: Analysts Expect Pra Group Inc (PRAA) Will Post Quarterly Sales of $245.22 Million

Brokerages expect Pra Group Inc (NASDAQ:PRAA) to post $245.22 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Pra Group’s earnings, with the lowest sales estimate coming in at $240.00 million and the highest estimate coming in at $249.58 million. Pra Group reported sales of $221.52 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Pra Group will report full year sales of $995.09 million for the current year, with estimates ranging from $973.16 million to $1.01 billion. For the next year, analysts anticipate that the business will post sales of $1.09 billion, with estimates ranging from $1.04 billion to $1.14 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Pra Group.

Pra Group (NASDAQ:PRAA) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Pra Group had a net margin of 6.42% and a return on equity of 5.26%. The firm had revenue of $245.90 million during the quarter, compared to analyst estimates of $244.08 million. During the same period in the prior year, the company earned $0.47 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year.

Several research firms have recently issued reports on PRAA. BidaskClub lowered Pra Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. ValuEngine raised Pra Group from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Finally, William Blair reissued an “outperform” rating on shares of Pra Group in a report on Friday, March 1st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.00.

Shares of NASDAQ PRAA opened at $28.64 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.07. Pra Group has a one year low of $22.62 and a one year high of $43.75. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 19.89 and a beta of 1.81.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc acquired a new stake in shares of Pra Group during the 1st quarter worth $34,000. Marshall Wace North America L.P. grew its holdings in shares of Pra Group by 32.9% during the 1st quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock worth $44,000 after purchasing an additional 410 shares in the last quarter. Osborn Williams & Donohoe LLC acquired a new stake in shares of Pra Group during the 1st quarter worth $57,000. We Are One Seven LLC acquired a new stake in shares of Pra Group during the 4th quarter worth $82,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Pra Group by 20.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,442 shares of the business services provider’s stock worth $84,000 after purchasing an additional 583 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.

Further Reading: How does the Beige Book influence monetary policy?

Get a free copy of the Zacks research report on Pra Group (PRAA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Pra Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pra Group and related companies with MarketBeat.com's FREE daily email newsletter.