Equities analysts expect Pra Group Inc (NASDAQ:PRAA) to post $254.55 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Pra Group’s earnings, with the highest sales estimate coming in at $257.81 million and the lowest estimate coming in at $251.40 million. Pra Group reported sales of $225.89 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The firm is scheduled to announce its next earnings report on Thursday, November 14th.
According to Zacks, analysts expect that Pra Group will report full year sales of $1.01 billion for the current year, with estimates ranging from $995.51 million to $1.01 billion. For the next financial year, analysts expect that the firm 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 sell-side research analysts that cover Pra Group.
Pra Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. Pra Group had a return on equity of 5.16% and a net margin of 6.11%. The business had revenue of $252.06 million for the quarter, compared to analyst estimates of $245.48 million. During the same period last year, the company posted $0.43 earnings per share. Pra Group’s quarterly revenue was up 13.8% compared to the same quarter last year.
In other news, EVP Christopher B. Graves sold 2,500 shares of Pra Group stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $35.06, for a total value of $87,650.00. Following the sale, the executive vice president now owns 74,180 shares of the company’s stock, valued at $2,600,750.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.68% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Pitcairn Co. grew its holdings in Pra Group by 11.7% in the second quarter. Pitcairn Co. now owns 15,678 shares of the business services provider’s stock valued at $441,000 after purchasing an additional 1,641 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Pra Group by 3.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 450,791 shares of the business services provider’s stock worth $12,686,000 after buying an additional 13,043 shares during the period. Great Lakes Advisors LLC grew its stake in Pra Group by 15.8% during the second quarter. Great Lakes Advisors LLC now owns 294,592 shares of the business services provider’s stock worth $8,290,000 after buying an additional 40,264 shares during the period. Nordea Investment Management AB grew its stake in Pra Group by 8.8% during the first quarter. Nordea Investment Management AB now owns 649,904 shares of the business services provider’s stock worth $17,424,000 after buying an additional 52,293 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Pra Group by 2.8% during the second quarter. Envestnet Asset Management Inc. now owns 55,885 shares of the business services provider’s stock worth $1,573,000 after buying an additional 1,501 shares during the period.
Pra Group stock traded down $0.05 during midday trading on Friday, hitting $32.45. 1,386 shares of the company’s stock were exchanged, compared to its average volume of 272,925. Pra Group has a 12-month low of $22.62 and a 12-month high of $36.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 22.46 and a beta of 1.61. The firm’s 50 day simple moving average is $33.99 and its 200 day simple moving average is $30.00.
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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