$0.37 Earnings Per Share Expected for Pra Group Inc (PRAA) This Quarter

Analysts expect Pra Group Inc (NASDAQ:PRAA) to report $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Pra Group’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.32. Pra Group posted earnings of $0.43 per share during the same quarter last year, which suggests a negative year over year growth rate of 14%. The firm is expected to report its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Pra Group will report full-year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.54 to $1.83. For the next financial year, analysts anticipate that the firm will report earnings of $2.41 per share, with EPS estimates ranging from $2.07 to $3.15. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Pra Group.

Pra Group (NASDAQ:PRAA) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). Pra Group had a return on equity of 5.26% and a net margin of 6.42%. The company had revenue of $245.90 million for the quarter, compared to the consensus estimate of $244.08 million. During the same quarter last year, the business earned $0.47 EPS. Pra Group’s revenue was up 9.7% on a year-over-year basis.

PRAA has been the topic of a number of recent research reports. BidaskClub lowered Pra Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. ValuEngine upgraded Pra Group from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, William Blair reiterated an “outperform” rating on shares of Pra Group in a research note on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Pra Group currently has an average rating of “Hold” and an average target price of $35.00.

Pra Group stock traded up $0.49 during mid-day trading on Friday, reaching $29.13. 133,228 shares of the company were exchanged, compared to its average volume of 289,515. Pra Group has a 12 month low of $22.62 and a 12 month high of $43.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $1.32 billion, a PE ratio of 20.23 and a beta of 1.81.

Several institutional investors and hedge funds have recently modified their holdings of PRAA. Teachers Advisors LLC increased its stake in shares of Pra Group by 4.8% in the 3rd quarter. Teachers Advisors LLC now owns 97,602 shares of the business services provider’s stock valued at $3,514,000 after purchasing an additional 4,461 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Pra Group by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,359,210 shares of the business services provider’s stock valued at $156,931,000 after purchasing an additional 64,013 shares during the last quarter. Peregrine Capital Management LLC increased its stake in shares of Pra Group by 100.1% in the 4th quarter. Peregrine Capital Management LLC now owns 318,150 shares of the business services provider’s stock valued at $7,753,000 after purchasing an additional 159,134 shares during the last quarter. We Are One Seven LLC bought a new stake in Pra Group during the 4th quarter worth $82,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 acquiring an additional 583 shares during 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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Earnings History and Estimates for Pra Group (NASDAQ:PRAA)

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