PRA Group (PRAA) Scheduled to Post Earnings on Monday

PRA Group (NASDAQ:PRAA) will release its earnings data after the market closes on Monday, May 6th. Analysts expect PRA Group to post earnings of ($0.15) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.13. The business had revenue of $221.42 million for the quarter, compared to analysts’ expectations of $208.25 million. PRA Group had a negative net margin of 10.40% and a negative return on equity of 6.82%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. On average, analysts expect PRA Group to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PRA Group Stock Performance

Shares of PRA Group stock opened at $24.95 on Friday. The stock has a market cap of $981.78 million, a P/E ratio of -11.71 and a beta of 1.47. The stock’s fifty day moving average is $24.75 and its 200 day moving average is $22.38. PRA Group has a one year low of $11.85 and a one year high of $35.12.

Analyst Upgrades and Downgrades

PRAA has been the topic of several recent research reports. JMP Securities raised their price objective on PRA Group from $26.00 to $33.00 and gave the stock a “market outperform” rating in a research note on Friday, February 16th. StockNews.com raised shares of PRA Group from a “sell” rating to a “hold” rating in a research note on Friday, February 16th.

Insider Transactions at PRA Group

In related news, CEO Vikram A. Atal sold 5,830 shares of PRA Group stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $24.39, for a total transaction of $142,193.70. Following the sale, the chief executive officer now owns 155,625 shares of the company’s stock, valued at approximately $3,795,693.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.