PRA Group (PRAA) to Release Quarterly Earnings on Monday

PRA Group (NASDAQ:PRAA) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Monday, August 5th. The business services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.08 by $0.46. PRA Group had a net margin of 0.40% and a return on equity of 0.33%. The business had revenue of $284.20 million during the quarter, compared to analysts’ expectations of $245.04 million. During the same period in the previous year, the business posted ($0.10) EPS. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. On average, analysts expect PRA Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PRA Group Price Performance

PRAA opened at $18.84 on Monday. The firm has a fifty day moving average price of $21.64 and a 200 day moving average price of $22.19. PRA Group has a 1 year low of $11.85 and a 1 year high of $31.43. The stock has a market cap of $741.39 million, a P/E ratio of -34.89 and a beta of 1.49.

Insider Buying and Selling

In related news, Director Geir Olsen purchased 11,750 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $21.39 per share, with a total value of $251,332.50. Following the acquisition, the director now owns 11,750 shares in the company, valued at $251,332.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

PRAA has been the subject of several analyst reports. Truist Financial decreased their target price on shares of PRA Group from $42.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. StockNews.com upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

PRA Group Company Profile

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.