Zacks: Analysts Expect Pra Group Inc (PRAA) to Post $0.35 Earnings Per Share

Wall Street brokerages expect Pra Group Inc (NASDAQ:PRAA) to report $0.35 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Pra Group’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.30. Pra Group posted earnings of $0.34 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The business is scheduled to issue its next earnings results on Wednesday, November 14th.

On average, analysts expect that Pra Group will report full year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.52 to $1.71. For the next financial year, analysts forecast that the business will post earnings of $2.18 per share, with EPS estimates ranging from $1.87 to $2.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Pra Group.

Pra Group (NASDAQ:PRAA) last issued its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. Pra Group had a net margin of 16.81% and a return on equity of 6.41%. The business had revenue of $221.52 million during the quarter, compared to analysts’ expectations of $214.17 million.

A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Pra Group from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Keefe, Bruyette & Woods set a $35.00 price objective on shares of Pra Group and gave the stock a “hold” rating in a research note on Thursday, August 9th. ValuEngine cut shares of Pra Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Oppenheimer reissued a “hold” rating on shares of Pra Group in a research note on Thursday, August 9th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Pra Group has an average rating of “Hold” and a consensus target price of $35.00.

Shares of PRAA opened at $35.82 on Friday. Pra Group has a 1-year low of $26.85 and a 1-year high of $43.75. The company has a market cap of $1.63 billion, a PE ratio of 26.93 and a beta of 1.52.

In other Pra Group news, SVP Christopher D. Lagow sold 1,405 shares of Pra Group stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $36.05, for a total value 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher D. Lagow sold 1,555 shares of Pra Group stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $36.45, for a total transaction of $56,679.75. Following the completion of 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. Insiders sold a total of 296,914 shares of company stock valued at $11,258,102 over the last ninety days. 2.34% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in PRAA. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Pra Group by 166.0% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,621,684 shares of the business services provider’s stock worth $61,624,000 after acquiring an additional 1,012,000 shares during the period. Dimensional Fund Advisors LP grew its stake in Pra Group by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,546,159 shares of the business services provider’s stock worth $98,155,000 after acquiring an additional 180,276 shares during the period. Stephens Investment Management Group LLC grew its stake in Pra Group by 22.9% in the 2nd quarter. Stephens Investment Management Group LLC now owns 887,523 shares of the business services provider’s stock worth $34,436,000 after acquiring an additional 165,269 shares during the period. WINTON GROUP Ltd purchased a new stake in Pra Group in the 1st quarter worth approximately $6,212,000. Finally, Millennium Management LLC grew its stake in Pra Group by 48.7% in the 1st quarter. Millennium Management LLC now owns 458,613 shares of the business services provider’s stock worth $17,427,000 after acquiring an additional 150,243 shares during the period.

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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