Equities research analysts expect PRA Group, Inc. (NASDAQ:PRAA) to report $200.95 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for PRA Group’s earnings. The lowest sales estimate is $196.93 million and the highest is $203.40 million. PRA Group posted sales of $155.26 million during the same quarter last year, which suggests a positive year over year growth rate of 29.4%. The firm is expected to report its next earnings results on Tuesday, February 27th.
On average, analysts expect that PRA Group will report full-year sales of $200.95 million for the current fiscal year, with estimates ranging from $804.83 million to $811.30 million. For the next fiscal year, analysts forecast that the company will report sales of $844.15 million per share, with estimates ranging from $836.94 million to $849.84 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for PRA Group.
PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.04). PRA Group had a return on equity of 2.98% and a net margin of 7.57%. The company had revenue of $201.00 million for the quarter, compared to the consensus estimate of $196.96 million. During the same quarter last year, the company posted $0.68 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year.
PRAA has been the subject of several recent research reports. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of PRA Group in a report on Thursday, September 21st. BidaskClub upgraded PRA Group from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Janney Montgomery Scott upgraded PRA Group from a “sell” rating to a “neutral” rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods downgraded PRA Group from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $36.00 to $40.00 in a research note on Tuesday, October 10th. Finally, Citigroup Inc. downgraded PRA Group to an “underperform” rating in a research note on Thursday, September 21st. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.00.
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Hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. lifted its holdings in PRA Group by 18.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 24,473 shares of the business services provider’s stock worth $811,000 after purchasing an additional 3,731 shares in the last quarter. Teachers Advisors LLC lifted its holdings in PRA Group by 5.9% during the 1st quarter. Teachers Advisors LLC now owns 80,838 shares of the business services provider’s stock worth $2,680,000 after purchasing an additional 4,511 shares in the last quarter. Vanguard Group Inc. lifted its holdings in PRA Group by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 4,186,390 shares of the business services provider’s stock worth $138,779,000 after purchasing an additional 360,823 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PRA Group by 6.1% during the 1st quarter. Geode Capital Management LLC now owns 383,914 shares of the business services provider’s stock worth $12,726,000 after purchasing an additional 22,234 shares in the last quarter. Finally, UBS Group AG lifted its holdings in PRA Group by 101.1% during the 1st quarter. UBS Group AG now owns 5,172 shares of the business services provider’s stock worth $171,000 after purchasing an additional 2,600 shares in the last quarter.
Shares of PRA Group (NASDAQ PRAA) traded down $0.15 during trading on Tuesday, reaching $33.40. The company had a trading volume of 503,100 shares, compared to its average volume of 491,608. PRA Group has a 1-year low of $25.72 and a 1-year high of $42.70. The company has a market capitalization of $1,515.42, a P/E ratio of 52.42 and a beta of 1.51.
About PRA Group
PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.
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