PRA Group (NASDAQ:PRAA – Get Rating) is scheduled to be releasing its earnings data after the market closes on Monday, August 8th. Analysts expect PRA Group to post earnings of $0.53 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
PRA Group (NASDAQ:PRAA – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The business services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.23. PRA Group had a return on equity of 11.82% and a net margin of 15.73%. The company had revenue of $240.60 million during the quarter, compared to analyst estimates of $253.46 million. During the same quarter last year, the firm posted $1.27 EPS. The firm’s revenue for the quarter was down 16.9% on a year-over-year basis. On average, analysts expect PRA Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
PRA Group Stock Performance
Shares of PRAA opened at $37.81 on Friday. The business has a 50-day moving average of $37.43 and a 200 day moving average of $41.58. PRA Group has a fifty-two week low of $34.22 and a fifty-two week high of $51.00. The firm has a market cap of $1.50 billion, a P/E ratio of 10.11 and a beta of 1.22.
Wall Street Analysts Forecast Growth
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd grew its holdings in PRA Group by 38.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,050 shares of the business services provider’s stock valued at $47,000 after buying an additional 290 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of PRA Group by 26.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 107,708 shares of the business services provider’s stock valued at $4,856,000 after acquiring an additional 22,372 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of PRA Group by 56.6% during the 1st quarter. Captrust Financial Advisors now owns 2,070 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 748 shares during the last quarter. State Street Corp boosted its position in shares of PRA Group by 2.5% during the 1st quarter. State Street Corp now owns 1,570,424 shares of the business services provider’s stock valued at $70,795,000 after acquiring an additional 38,201 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of PRA Group by 19.8% during the 1st quarter. Renaissance Technologies LLC now owns 150,511 shares of the business services provider’s stock valued at $6,785,000 after acquiring an additional 24,900 shares during the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.
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, Australia, and Europe. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.
Read More
- Get a free copy of the StockNews.com research report on PRA Group (PRAA)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for PRA Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group and related companies with MarketBeat.com's FREE daily email newsletter.
