PROG (PRG) Set to Announce Earnings on Wednesday

PROG (NYSE:PRG) will release its earnings data before the market opens on Wednesday, October 23rd. Analysts expect PROG to post earnings of $0.76 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.22. PROG had a return on equity of 26.30% and a net margin of 4.57%. The business had revenue of $592.16 million for the quarter, compared to analyst estimates of $573.23 million. During the same period in the prior year, the company earned $0.92 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, analysts expect PROG to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

PROG Trading Down 2.5 %

PROG stock opened at $48.23 on Monday. The stock has a 50-day moving average price of $46.74 and a 200 day moving average price of $39.53. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 19.69 and a beta of 2.11. PROG has a 52 week low of $26.39 and a 52 week high of $50.28. The company has a quick ratio of 1.80, a current ratio of 3.87 and a debt-to-equity ratio of 1.02.

PROG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.00%. The ex-dividend date was Tuesday, August 20th. PROG’s payout ratio is 19.59%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. KeyCorp raised their target price on shares of PROG from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on PROG from $50.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. TD Cowen raised their target price on PROG from $40.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Loop Capital raised PROG from a “hold” rating to a “buy” rating and boosted their price target for the company from $41.00 to $55.00 in a report on Monday, August 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, PROG currently has an average rating of “Moderate Buy” and a consensus price target of $50.40.

PROG Company Profile

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.