PROG Holdings, Inc. (NYSE:PRG) – Stock analysts at KeyCorp lifted their Q2 2021 EPS estimates for PROG in a report released on Thursday, April 29th. KeyCorp analyst B. Thomas now expects that the company will post earnings per share of $0.84 for the quarter, up from their previous forecast of $0.80. KeyCorp also issued estimates for PROG’s Q4 2021 earnings at $0.96 EPS.
PROG (NYSE:PRG) last released its earnings results on Thursday, April 29th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.31. PROG had a negative net margin of 5.00% and a positive return on equity of 21.39%.
PRG stock opened at $53.55 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 3.01. The firm has a market capitalization of $3.63 billion, a PE ratio of -16.84, a P/E/G ratio of 0.86 and a beta of 1.95. The stock’s 50 day moving average is $45.37. PROG has a 52 week low of $28.44 and a 52 week high of $67.20.
Large investors have recently modified their holdings of the company. Trellus Management Company LLC acquired a new stake in shares of PROG in the 4th quarter valued at $1,038,000. ProShare Advisors LLC acquired a new position in PROG during the 4th quarter worth about $25,950,000. Los Angeles Capital Management LLC acquired a new position in PROG during the 4th quarter worth about $2,891,000. Hudson Bay Capital Management LP acquired a new position in PROG during the 4th quarter worth about $2,694,000. Finally, Hawk Ridge Capital Management LP acquired a new position in PROG during the 4th quarter worth about $26,979,000. Institutional investors own 92.49% of the company’s stock.
In other news, VP George M. Sewell sold 958 shares of the business’s stock in a transaction on Monday, March 15th. The shares were sold at an average price of $49.49, for a total value of $47,411.42. Following the sale, the vice president now owns 3,244 shares in the company, valued at approximately $160,545.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.78% of the company’s stock.
PROG Company Profile
PROG Holdings, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in two segments, Progressive Leasing and Vive. The Progressive Leasing segment offers lease-purchase solutions to customers for various merchandize in the furniture, appliances, electronics, jewelry, mobile phones and accessories, mattresses, and automobile electronics and accessories markets through point-of-sale and e-commerce retail partners, as well in-store, mobile, and online solutions.
Read More: Quiet Period Expirations
Receive News & Ratings for PROG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROG and related companies with MarketBeat.com's FREE daily email newsletter.