Equities analysts expect PRA Group, Inc. (NASDAQ:PRAA) to post $0.65 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for PRA Group’s earnings, with estimates ranging from $0.60 to $0.73. PRA Group also reported earnings per share of $0.65 in the same quarter last year. The company is expected to report its next quarterly earnings report on Thursday, February 24th.
On average, analysts expect that PRA Group will report full year earnings of $3.90 per share for the current financial year, with EPS estimates ranging from $3.86 to $3.97. For the next year, analysts anticipate that the firm will report earnings of $2.88 per share, with EPS estimates ranging from $1.62 to $3.40. Zacks’ earnings per share 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 posted its earnings results on Monday, November 8th. The business services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.05). PRA Group had a return on equity of 12.58% and a net margin of 16.06%. The business had revenue of $263.70 million for the quarter, compared to analyst estimates of $256.09 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis.
Separately, JMP Securities lifted their target price on shares of PRA Group from $47.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 9th.
NASDAQ:PRAA opened at $48.96 on Thursday. The firm’s 50 day simple moving average is $45.61 and its 200 day simple moving average is $42.17. PRA Group has a one year low of $32.78 and a one year high of $51.00. The company has a market cap of $2.14 billion, a PE ratio of 12.55 and a beta of 1.35.
In other news, Chairman Steven D. Fredrickson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $43.97, for a total value of $439,700.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven C. Roberts sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 1st. The stock was sold at an average price of $44.00, for a total transaction of $44,000.00. The disclosure for this sale can be found here. Insiders sold a total of 66,426 shares of company stock worth $3,138,061 in the last 90 days. Corporate insiders own 1.75% of the company’s stock.
Several large investors have recently added to or reduced their stakes in PRAA. William Blair Investment Management LLC increased its stake in shares of PRA Group by 46,947.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,234,991 shares of the business services provider’s stock valued at $52,043,000 after acquiring an additional 1,232,366 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of PRA Group by 97.8% in the 3rd quarter. Nordea Investment Management AB now owns 2,200,830 shares of the business services provider’s stock valued at $94,944,000 after acquiring an additional 1,088,315 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of PRA Group by 17.2% in the 2nd quarter. Stephens Investment Management Group LLC now owns 1,773,157 shares of the business services provider’s stock valued at $68,213,000 after acquiring an additional 259,766 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in PRA Group by 7.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,256,578 shares of the business services provider’s stock valued at $125,281,000 after purchasing an additional 230,614 shares in the last quarter. Finally, Invesco Ltd. increased its stake in PRA Group by 138.0% during the 3rd quarter. Invesco Ltd. now owns 380,689 shares of the business services provider’s stock valued at $16,042,000 after purchasing an additional 220,746 shares in the last quarter.
About PRA Group
PRA Group, Inc engages in the purchase, collection and management of portfolios of nonperforming loans. The firm purchase portfolios of nonperforming loans at a discount in two broad categories: Core and Insolvency. It also provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts in the United States.