Pra Group Inc Forecasted to Post Q4 2017 Earnings of $0.36 Per Share (PRAA)

Pra Group Inc (NASDAQ:PRAA) – Equities research analysts at Oppenheimer issued their Q4 2017 earnings per share (EPS) estimates for shares of Pra Group in a research note issued to investors on Monday. Oppenheimer analyst B. Chittenden anticipates that the business services provider will post earnings of $0.36 per share for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Pra Group’s Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.56 EPS, FY2018 earnings at $2.12 EPS and FY2019 earnings at $2.86 EPS.

Pra Group (NASDAQ:PRAA) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The business had revenue of $201.00 million during the quarter, compared to analysts’ expectations of $196.96 million. Pra Group had a net margin of 7.57% and a return on equity of 2.98%. The firm’s revenue was down 9.5% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share.

Several other analysts also recently commented on PRAA. UBS Group began coverage on shares of Pra Group in a report on Monday. They issued a “market perform” rating on the stock. Janney Montgomery Scott downgraded shares of Pra Group from a “neutral” rating to a “sell” rating in a report on Wednesday, October 4th. Zacks Investment Research downgraded shares of Pra Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. Keefe, Bruyette & Woods downgraded shares of Pra Group from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $36.00 to $40.00 in a report on Tuesday, October 10th. Finally, Citigroup downgraded shares of Pra Group to an “underperform” rating in a report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.00.

Shares of Pra Group (NASDAQ PRAA) opened at $35.40 on Thursday. The company has a market cap of $1,600.00, a price-to-earnings ratio of 28.32 and a beta of 1.59. Pra Group has a twelve month low of $25.72 and a twelve month high of $42.70.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Pra Group by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock worth $107,000 after acquiring an additional 304 shares during the period. Public Employees Retirement System of Ohio raised its position in Pra Group by 10.7% during the second quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock worth $119,000 after acquiring an additional 305 shares during the period. Zions Bancorporation acquired a new position in Pra Group during the third quarter worth $121,000. Advisor Group Inc. raised its position in Pra Group by 3.5% during the second quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock worth $221,000 after acquiring an additional 196 shares during the period. Finally, Amalgamated Bank raised its position in Pra Group by 2.5% during the second quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock worth $242,000 after acquiring an additional 154 shares during the period.

In related news, Director Penelope W. Kyle sold 1,975 shares of the stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $33.45, for a total transaction of $66,063.75. Following the sale, the director now directly owns 36,425 shares of the company’s stock, valued at $1,218,416.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.10% of the company’s stock.

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Pra Group Company Profile

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

Earnings History and Estimates for Pra Group (NASDAQ:PRAA)

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