$268.11 Million in Sales Expected for PRA Group, Inc. (NASDAQ:PRAA) This Quarter


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Equities research analysts expect PRA Group, Inc. (NASDAQ:PRAA) to post $268.11 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for PRA Group’s earnings, with the lowest sales estimate coming in at $261.25 million and the highest estimate coming in at $273.37 million. PRA Group reported sales of $251.78 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The business is expected to announce its next earnings report after the market closes on Thursday, May 6th.

On average, analysts expect that PRA Group will report full-year sales of $1.06 billion for the current fiscal year, with estimates ranging from $1.04 billion to $1.10 billion. For the next year, analysts anticipate that the business will post sales of $1.11 billion, with estimates ranging from $1.06 billion to $1.15 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for PRA Group.

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

In other news, EVP Steven C. Roberts sold 10,000 shares of the company’s stock in a transaction dated Monday, April 12th. The shares were sold at an average price of $37.00, for a total value of $370,000.00. Following the transaction, the executive vice president now directly owns 43,546 shares in the company, valued at $1,611,202. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.83% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its holdings in shares of PRA Group by 2.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,758 shares of the business services provider’s stock worth $695,000 after purchasing an additional 400 shares during the last quarter. International Assets Investment Management LLC grew its holdings in PRA Group by 81.1% during the 1st quarter. International Assets Investment Management LLC now owns 1,693 shares of the business services provider’s stock worth $65,000 after acquiring an additional 758 shares in the last quarter. Clear Harbor Asset Management LLC grew its holdings in PRA Group by 54.4% during the 1st quarter. Clear Harbor Asset Management LLC now owns 11,785 shares of the business services provider’s stock worth $437,000 after acquiring an additional 4,153 shares in the last quarter. FDx Advisors Inc. grew its holdings in PRA Group by 22.0% during the 1st quarter. FDx Advisors Inc. now owns 8,704 shares of the business services provider’s stock worth $323,000 after acquiring an additional 1,567 shares in the last quarter. Finally, Scout Investments Inc. grew its holdings in PRA Group by 10.7% during the 1st quarter. Scout Investments Inc. now owns 139,003 shares of the business services provider’s stock worth $5,153,000 after acquiring an additional 13,478 shares in the last quarter.

Shares of PRAA traded up $0.89 during midday trading on Wednesday, hitting $38.10. The stock had a trading volume of 191,207 shares, compared to its average volume of 297,292. The stock’s 50 day moving average is $37.03 and its 200 day moving average is $37.87. The firm has a market cap of $1.74 billion, a PE ratio of 11.91 and a beta of 1.51. PRA Group has a 1 year low of $23.73 and a 1 year high of $47.35.

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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