$0.75 Earnings Per Share Expected for PRA Group, Inc. (NASDAQ:PRAA) This Quarter


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Brokerages expect PRA Group, Inc. (NASDAQ:PRAA) to announce earnings of $0.75 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for PRA Group’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.59. PRA Group reported earnings of $0.42 per share in the same quarter last year, which would suggest a positive year over year growth rate of 78.6%. The firm is expected to issue its next earnings results after the market closes on Thursday, May 6th.

According to Zacks, analysts expect that PRA Group will report full year earnings of $2.90 per share for the current financial year, with EPS estimates ranging from $2.58 to $3.31. For the next fiscal year, analysts forecast that the firm will report earnings of $3.31 per share, with EPS estimates ranging from $2.84 to $3.78. Zacks’ EPS averages are a mean average based on a survey of research firms that cover PRA Group.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Thursday, February 25th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. The business had revenue of $273.86 million during the quarter, compared to analysts’ expectations of $250.79 million. PRA Group had a return on equity of 12.20% and a net margin of 13.85%.

PRA Group stock traded down $0.25 during midday trading on Monday, reaching $36.85. The stock had a trading volume of 177,509 shares, compared to its average volume of 294,406. PRA Group has a 1-year low of $23.73 and a 1-year high of $47.35. The firm’s fifty day simple moving average is $37.02 and its 200-day simple moving average is $37.90. The stock has a market capitalization of $1.68 billion, a P/E ratio of 11.52 and a beta of 1.51.

In other news, EVP Steven C. Roberts sold 10,000 shares of PRA Group stock in a transaction that occurred on Monday, April 12th. The shares were sold at an average price of $37.00, for a total value of $370,000.00. Following the sale, the executive vice president now directly owns 43,546 shares in the company, valued at $1,611,202. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.83% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Vantage Consulting Group Inc acquired a new position in PRA Group during the fourth quarter worth $26,000. International Assets Investment Management LLC acquired a new stake in shares of PRA Group in the fourth quarter valued at approximately $37,000. Marshall Wace North America L.P. boosted its holdings in shares of PRA Group by 32.9% during the 1st quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock worth $44,000 after buying an additional 410 shares during the period. Veriti Management LLC acquired a new stake in PRA Group during the fourth quarter worth approximately $64,000. Finally, James Investment Research Inc. boosted its holdings in shares of PRA Group by 11.6% during the fourth quarter. James Investment Research Inc. now owns 4,029 shares of the business services provider’s stock worth $160,000 after acquiring an additional 418 shares during the period.

PRA Group Company Profile

PRA Group, Inc, a 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.

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