Analysts Anticipate Pra Group Inc (NASDAQ:PRAA) Will Post Quarterly Sales of $254.55 Million

Wall Street brokerages expect Pra Group Inc (NASDAQ:PRAA) to report sales of $254.55 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Pra Group’s earnings, with the lowest sales estimate coming in at $251.40 million and the highest estimate coming in at $257.81 million. Pra Group posted sales of $225.89 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.7%. The firm is expected to issue its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Pra Group will report full-year sales of $1.01 billion for the current fiscal year, with estimates ranging from $995.51 million to $1.01 billion. For the next year, analysts forecast that the business will post sales of $1.10 billion, with estimates ranging from $1.07 billion to $1.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Pra Group.

Pra Group (NASDAQ:PRAA) last released its earnings results on Thursday, August 8th. The business services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The company had revenue of $252.06 million during the quarter, compared to the consensus estimate of $245.48 million. Pra Group had a net margin of 6.11% and a return on equity of 5.16%. The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS.

PRAA has been the subject of several research analyst reports. Buckingham Research boosted their target price on shares of Pra Group from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. ValuEngine raised shares of Pra Group from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Finally, BidaskClub raised shares of Pra Group from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Pra Group currently has a consensus rating of “Hold” and an average price target of $32.00.

PRAA opened at $32.75 on Tuesday. The company has a 50-day moving average of $30.39 and a 200-day moving average of $29.10. The company has a market capitalization of $1.53 billion, a P/E ratio of 25.85 and a beta of 1.64. Pra Group has a 1-year low of $22.62 and a 1-year high of $39.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.20 and a current ratio of 1.20.

Several hedge funds and other institutional investors have recently bought and sold shares of PRAA. Price T Rowe Associates Inc. MD boosted its stake in Pra Group by 2.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,060,994 shares of the business services provider’s stock valued at $114,276,000 after purchasing an additional 82,619 shares during the period. Dimensional Fund Advisors LP boosted its stake in Pra Group by 10.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,970,934 shares of the business services provider’s stock valued at $72,402,000 after purchasing an additional 274,567 shares during the period. Stephens Investment Management Group LLC boosted its stake in Pra Group by 13.6% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,746,166 shares of the business services provider’s stock valued at $49,137,000 after purchasing an additional 208,800 shares during the period. Global Alpha Capital Management Ltd. boosted its stake in Pra Group by 7.7% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,022,479 shares of the business services provider’s stock valued at $28,773,000 after purchasing an additional 72,796 shares during the period. Finally, Boston Partners boosted its stake in Pra Group by 3.2% during the 1st quarter. Boston Partners now owns 749,924 shares of the business services provider’s stock valued at $20,105,000 after purchasing an additional 23,112 shares during the period.

About Pra Group

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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