Wall Street brokerages forecast PRA Group, Inc. (NASDAQ: PRAA) to post earnings per share of $ 0.65 for the current fiscal quarter, according to Zacks investment research. Four analysts provided earnings estimates for PRA Group. The highest EPS estimate is $ 0.73 and the lowest is $ 0.60. PRA Group also reported earnings of $ 0.65 per share in the same quarter last year. The company is expected to release its next quarterly results on Thursday, February 24.
On average, analysts predict that PRA Group will report annual earnings of $ 3.90 per share for the current fiscal year, with EPS estimates ranging from $ 3.86 to $ 3.97. For the next fiscal year, analysts expect the company to report earnings of $ 2.88 per share, with EPS estimates ranging from $ 1.62 to $ 3.40. Zacks earnings per share averages are an average based on a survey of analysts who follow PRA Group.
PRA Group (NASDAQ: PRAA) last released its quarterly results on Monday, November 8. The business services provider reported earnings per share (EPS) of $ 0.76 for the quarter, missing analyst consensus estimates of $ 0.81 per ($ 0.05). The company posted revenue of $ 263.70 million for the quarter, compared to analysts’ expectations of $ 256.09 million. PRA Group had a return on equity of 12.58% and a net margin of 16.06%. The company’s revenue for the quarter was down 1.6% from the same quarter last year. In the same quarter of the previous year, the company posted EPS of $ 0.92.
Separately, JMP Securities raised its price target on PRA Group from $ 47.00 to $ 60.00 and gave the stock an “outperformance” rating in a research report published on Tuesday, November 9.
In other news, chairman Steven D. Fredrickson sold 10,000 shares of the company in a trade that took place on Thursday, November 4. The stock was sold for an average price of $ 44.96, for a total value of $ 449,600.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, financial director Peter M. Graham sold 1,000 shares in a transaction that took place on Wednesday, September 1. The shares were sold at an average price of $ 42.00, for a total value of $ 42,000.00. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 49,842 shares of the company valued at $ 2,161,238. Company insiders own 1.75% of the company’s shares.
A number of hedge funds have recently bought and sold shares in the company. Millennium Management LLC increased its stake in PRA Group by 35.6% during the third quarter. Millennium Management LLC now owns 22,877 shares of the business service provider valued at $ 964,000 after acquiring an additional 6,002 shares in the last quarter. Point72 Hong Kong Ltd increased its stake in PRA Group shares by 53.7% in the third quarter. Point72 Hong Kong Ltd now owns 919 shares of the business services provider valued at $ 39,000 after purchasing an additional 321 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in PRA Group shares by 253.8% in the third quarter. Cubist Systematic Strategies LLC now owns 30,343 shares of the business service provider valued at $ 1,279,000 after purchasing an additional 21,767 shares in the last quarter. Marshall Wace LLP acquired a new stake in PRA Group shares in the third quarter valued at $ 1,328,000. Finally, Invesco Ltd. increased its stake in PRA Group shares by 138.0% in the third quarter. Invesco Ltd. Now owns 380,689 shares of the business services provider valued at $ 16,042,000 after purchasing an additional 220,746 shares in the last quarter.
PRAA actions traded up $ 0.03 at midday on Friday, reaching $ 43.54. 9,204 shares of the company were traded, for an average volume of 243,356. The company has a market capitalization of $ 1.90 billion, a price / earnings ratio of 11.21 and a beta of 1.34. The stock’s 50-day moving average is $ 42.90 and its 200-day moving average is $ 40.60. PRA Group has a 12-month low of $ 32.78 and a 12-month high of $ 48.13.
About the PRA Group
PRA Group, Inc. engages in the purchase, collection and management of portfolios of nonperforming loans. The company buys portfolios of nonperforming loans at a discount in two broad categories: Core and Insolvency. It also provides paid services for the collection of class actions and the management of consumer bankruptcy accounts in the United States.
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