Equities research analysts expect that PRA Group, Inc. (NASDAQ:PRAA) will post $251.09 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for PRA Group’s earnings. The lowest sales estimate is $246.86 million and the highest is $254.48 million. PRA Group reported sales of $273.86 million in the same quarter last year, which indicates a negative year over year growth rate of 8.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 24th.
According to Zacks, analysts expect that PRA Group will report full year sales of $1.09 billion for the current financial year. For the next fiscal year, analysts expect that the business will report sales of $1.00 billion, with estimates ranging from $928.86 million to $1.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow PRA Group.
PRA Group (NASDAQ:PRAA) last issued its earnings results on Monday, November 8th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $263.70 million during the quarter, compared to analyst estimates of $256.09 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year.
Separately, JMP Securities boosted their price target on PRA Group from $47.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 9th.
It’s scientific breakthroughs like this that give investors like you the chance to get in early on companies that will revolutionize the world…
And you may only get one opportunity in life to invest in something this big…
Shares of NASDAQ:PRAA opened at $45.42 on Friday. PRA Group has a 52 week low of $32.78 and a 52 week high of $51.00. The company has a market cap of $1.98 billion, a PE ratio of 11.65 and a beta of 1.35. The firm has a 50 day simple moving average of $46.93 and a 200 day simple moving average of $43.27.
In related news, EVP Christopher B. Graves sold 15,000 shares of the business’s stock in a transaction on Monday, December 27th. The shares were sold at an average price of $48.13, for a total transaction of $721,950.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Steven D. Fredrickson sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 1st. The shares were sold at an average price of $43.97, for a total transaction of $439,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,426 shares of company stock valued at $3,188,061. 1.75% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in PRA Group by 7.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,256,578 shares of the business services provider’s stock worth $125,281,000 after purchasing an additional 230,614 shares in the last quarter. Turtle Creek Asset Management Inc. increased its holdings in PRA Group by 2.9% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 2,733,668 shares of the business services provider’s stock valued at $115,197,000 after buying an additional 76,700 shares during the period. Nordea Investment Management AB raised its position 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 buying an additional 1,088,315 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in PRA Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,908,753 shares of the business services provider’s stock worth $73,431,000 after purchasing an additional 45,409 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in PRA Group by 1.1% in the third quarter. Stephens Investment Management Group LLC now owns 1,792,984 shares of the business services provider’s stock valued at $75,556,000 after buying an additional 19,827 shares in the last quarter. Institutional investors own 98.89% of the company’s stock.
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.
Featured Story: Fundamental Analysis
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider PRA Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PRA Group wasn’t on the list.
While PRA Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.