PRA Group (NASDAQ:PRAA) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

PRA Group (NASDAQ:PRAA) announced its quarterly earnings results on Wednesday. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02, Zacks reports. The business had revenue of $293.23 million for the quarter, compared to the consensus estimate of $275.81 million. PRA Group had a return on equity of 5.13% and a net margin of 6.33%.

PRA Group Price Performance

Shares of PRA Group stock traded down $0.39 during trading on Friday, hitting $22.29. The stock had a trading volume of 47,105 shares, compared to its average volume of 218,051. The business has a fifty day moving average of $21.64 and a two-hundred day moving average of $21.72. PRA Group has a fifty-two week low of $18.64 and a fifty-two week high of $28.64. The firm has a market cap of $878.70 million, a P/E ratio of 12.45 and a beta of 1.49.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped their target price on shares of PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

About PRA Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. 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.