PROG (NYSE:PRG) Updates FY 2026 Earnings Guidance

PROG (NYSE:PRG) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.750-5.000 for the period, compared to the consensus estimate of 4.660. The company issued revenue guidance of $3.0 billion-$3.1 billion, compared to the consensus revenue estimate of $3.0 billion. PROG also updated its Q3 2026 guidance to 1.000-1.200 EPS.

PROG Stock Performance

NYSE PRG opened at $42.24 on Friday. PROG has a fifty-two week low of $25.80 and a fifty-two week high of $47.73. The stock has a market cap of $1.69 billion, a PE ratio of 11.63 and a beta of 1.78. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.41 and a current ratio of 4.03. The firm’s fifty day moving average price is $40.98 and its two-hundred day moving average price is $35.38.

PROG (NYSE:PRG) last issued its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.24. The business had revenue of $719.72 million for the quarter, compared to analyst estimates of $713.50 million. PROG had a return on equity of 21.88% and a net margin of 5.57%.PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. On average, equities analysts expect that PROG will post 4.7 EPS for the current fiscal year.

PROG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, May 19th. PROG’s dividend payout ratio is presently 15.47%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PRG shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $45.00 target price on shares of PROG in a research report on Thursday, April 30th. TD Cowen increased their target price on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Zacks Research cut shares of PROG from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Loop Capital downgraded shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research report on Wednesday, July 1st. Finally, Weiss Ratings raised shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.44.

Institutional Trading of PROG

A number of large investors have recently bought and sold shares of the company. Quarry LP lifted its holdings in PROG by 82.8% during the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after purchasing an additional 506 shares during the last quarter. Federation des caisses Desjardins du Quebec bought a new stake in shares of PROG during the 4th quarter worth $44,000. WealthCollab LLC grew its position in PROG by 61.9% during the second quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock valued at $61,000 after acquiring an additional 800 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of PROG in the 3rd quarter valued at about $204,000. Finally, iSAM Funds UK Ltd purchased a new stake in PROG in the 3rd quarter worth approximately $209,000. 97.92% of the stock is owned by hedge funds and other institutional investors.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.