KeyCorp Equities Analysts Raise Earnings Estimates for PROG Holdings, Inc. (NYSE:PRG)


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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%.

Other analysts have also recently issued reports about the stock. Raymond James lifted their target price on shares of PROG from $63.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, April 30th. Truist Securities dropped their price target on shares of PROG from $65.00 to $58.00 in a research report on Monday, April 12th. Northcoast Research reissued a “neutral” rating on shares of PROG in a research report on Thursday, March 4th. Truist dropped their price target on shares of PROG from $65.00 to $58.00 in a research report on Monday, April 12th. Finally, Zacks Investment Research raised shares of PROG from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, April 28th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. PROG currently has an average rating of “Buy” and a consensus price target of $58.00.

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.

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Earnings History and Estimates for PROG (NYSE:PRG)

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