PROG (NYSE:PRG) Updates FY 2025 Earnings Guidance

PROG (NYSE:PRG) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.100-3.500 for the period, compared to the consensus earnings per share estimate of 3.880. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. PROG also updated its FY25 guidance to $3.10-3.50 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. TD Cowen upgraded PROG to a “strong-buy” rating in a research note on Friday, November 29th. Raymond James upgraded PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Thursday, October 24th. Finally, Stephens reiterated an “overweight” rating and set a $60.00 target price on shares of PROG in a research note on Thursday, January 2nd. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $53.83.

PROG Stock Performance

NYSE:PRG traded down $0.08 during mid-day trading on Thursday, hitting $30.50. 99,237 shares of the stock were exchanged, compared to its average volume of 391,095. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 8.47 and a beta of 2.18. The firm’s 50-day simple moving average is $42.39 and its 200 day simple moving average is $44.98. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.34 and a current ratio of 4.97. PROG has a fifty-two week low of $27.84 and a fifty-two week high of $50.28.

PROG (NYSE:PRG) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $623.30 million during the quarter, compared to analysts’ expectations of $612.67 million. PROG had a return on equity of 24.56% and a net margin of 6.55%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS. As a group, equities analysts anticipate that PROG will post 3.36 EPS for the current fiscal year.

About PROG

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.