Analysts expect that Pra Group Inc (NASDAQ:PRAA) will announce sales of $228.68 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Pra Group’s earnings, with the lowest sales estimate coming in at $225.22 million and the highest estimate coming in at $234.89 million. Pra Group reported sales of $205.67 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.2%. The business is expected to report its next quarterly earnings report on Tuesday, February 26th.
On average, analysts expect that Pra Group will report full year sales of $888.15 million for the current financial year, with estimates ranging from $884.69 million to $894.36 million. For the next year, analysts expect that the business will report sales of $957.21 million, with estimates ranging from $930.28 million to $979.61 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Pra Group.
Pra Group (NASDAQ:PRAA) last released its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.13). Pra Group had a return on equity of 5.80% and a net margin of 15.69%. The firm had revenue of $225.90 million during the quarter, compared to analysts’ expectations of $223.81 million. During the same period in the prior year, the firm posted $0.34 earnings per share. Pra Group’s revenue for the quarter was up 10.5% compared to the same quarter last year.
Several research firms have issued reports on PRAA. BidaskClub lowered shares of Pra Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised shares of Pra Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 9th. Oppenheimer reissued a “hold” rating on shares of Pra Group in a report on Friday, November 9th. ValuEngine lowered shares of Pra Group from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Buckingham Research assumed coverage on shares of Pra Group in a report on Thursday, January 3rd. They set a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $35.00.
NASDAQ PRAA traded down $0.10 on Friday, hitting $28.62. The stock had a trading volume of 303 shares, compared to its average volume of 248,509. Pra Group has a 52-week low of $22.62 and a 52-week high of $43.75. The firm has a market capitalization of $1.32 billion, a P/E ratio of 21.50 and a beta of 1.71.
A number of large investors have recently bought and sold shares of PRAA. We Are One Seven LLC purchased a new stake in Pra Group in the fourth quarter valued at $82,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Pra Group by 20.4% in the fourth 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 period. CHICAGO TRUST Co NA acquired a new position in shares of Pra Group in the third quarter worth about $265,000. Victory Capital Management Inc. raised its position in shares of Pra Group by 113.1% in the third quarter. Victory Capital Management Inc. now owns 11,843 shares of the business services provider’s stock worth $426,000 after acquiring an additional 6,285 shares during the period. Finally, Rehmann Capital Advisory Group raised its position in shares of Pra Group by 3,693.0% in the third quarter. Rehmann Capital Advisory Group now owns 24,768 shares of the business services provider’s stock worth $688,000 after acquiring an additional 24,115 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.
Featured Story: What are the benefits of buying treasury bonds?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.