Pra Group Inc (PRAA) Expected to Post Quarterly Sales of $228.89 Million

Equities analysts predict that Pra Group Inc (NASDAQ:PRAA) will report $228.89 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Pra Group’s earnings, with estimates ranging from $226.06 million to $234.89 million. Pra Group reported sales of $205.67 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The company is expected to issue its next earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Pra Group will report full-year sales of $888.36 million for the current year, with estimates ranging from $885.53 million to $894.36 million. For the next financial year, analysts forecast that the company will report sales of $954.30 million, with estimates ranging from $930.28 million to $967.97 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Pra Group.

Pra Group (NASDAQ:PRAA) last posted its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.22 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $225.90 million for the quarter, compared to analysts’ expectations of $223.81 million. During the same period in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis.

PRAA has been the topic of a number of research reports. Oppenheimer reissued a “hold” rating on shares of Pra Group in a research note on Friday, November 9th. Zacks Investment Research raised shares of Pra Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 16th. BidaskClub downgraded shares of Pra Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. ValuEngine downgraded shares of Pra Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Keefe, Bruyette & Woods set a $35.00 target price on shares of Pra Group and gave the company a “hold” rating in a research note on Thursday, August 9th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $35.00.

Shares of PRAA stock traded up $0.49 during mid-day trading on Friday, reaching $30.01. The company’s stock had a trading volume of 72,189 shares, compared to its average volume of 366,743. Pra Group has a 12-month low of $26.95 and a 12-month high of $43.75. The company has a market cap of $1.36 billion, a PE ratio of 22.56 and a beta of 1.60.

In related news, SVP Christopher D. Lagow sold 1,405 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $36.05, for a total transaction of $50,650.25. Following the completion of the sale, the senior vice president now directly owns 19,747 shares of the company’s stock, valued at approximately $711,879.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Christopher D. Lagow sold 1,555 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $36.45, for a total transaction of $56,679.75. Following the sale, the senior vice president now directly owns 16,718 shares of the company’s stock, valued at $609,371.10. The disclosure for this sale can be found here. In the last three months, insiders sold 4,434 shares of company stock worth $162,900. Insiders own 2.34% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in Pra Group by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 346,196 shares of the business services provider’s stock worth $13,155,000 after acquiring an additional 8,211 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in Pra Group by 29.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,895 shares of the business services provider’s stock worth $343,000 after acquiring an additional 2,000 shares in the last quarter. Bank of Montreal Can grew its holdings in Pra Group by 17.1% during the 2nd quarter. Bank of Montreal Can now owns 502,703 shares of the business services provider’s stock worth $19,378,000 after acquiring an additional 73,448 shares in the last quarter. Chicago Capital LLC acquired a new position in Pra Group during the 2nd quarter worth $261,000. Finally, American Research & Management Co. acquired a new position in Pra Group during the 2nd quarter worth $110,000.

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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