$228.68 Million in Sales Expected for Pra Group Inc (PRAA) This Quarter

Equities research analysts predict that Pra Group Inc (NASDAQ:PRAA) will announce $228.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Pra Group’s earnings. The lowest sales estimate is $225.22 million and the highest is $234.89 million. Pra Group reported sales of $205.67 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.2%. The company is expected to announce its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Pra Group will report full year sales of $888.15 million for the current financial year, with estimates ranging from $884.69 million to $894.36 million. For the next financial year, analysts forecast that the business will post sales of $957.21 million, with estimates ranging from $930.28 million to $979.61 million. Zacks’ sales averages are an average based on a survey of research firms that cover Pra Group.

Pra Group (NASDAQ:PRAA) last issued its earnings results on Thursday, November 8th. The business services provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.13). The firm had revenue of $225.90 million during the quarter, compared to analysts’ expectations of $223.81 million. Pra Group had a net margin of 15.69% and a return on equity of 5.80%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS.

Several analysts have recently weighed in on the stock. BidaskClub raised shares of Pra Group from a “hold” rating to a “buy” rating in a report on Thursday, September 20th. Zacks Investment Research raised shares of Pra Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 9th. Oppenheimer reaffirmed a “hold” rating on shares of Pra Group in a report on Friday, November 9th. ValuEngine downgraded shares of Pra Group from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Buckingham Research assumed coverage on shares of Pra Group in a report on Thursday, January 3rd. They issued a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Several hedge funds and other institutional investors have recently made changes to their positions in PRAA. GAM Holding AG acquired a new stake in shares of Pra Group in the second quarter valued at about $214,000. CHICAGO TRUST Co NA acquired a new stake in shares of Pra Group in the third quarter valued at about $265,000. Victory Capital Management Inc. lifted its stake in shares of Pra Group by 113.1% in the third quarter. Victory Capital Management Inc. now owns 11,843 shares of the business services provider’s stock valued at $426,000 after purchasing an additional 6,285 shares during the period. SG Americas Securities LLC lifted its stake in shares of Pra Group by 388.8% in the second quarter. SG Americas Securities LLC now owns 16,917 shares of the business services provider’s stock valued at $652,000 after purchasing an additional 13,456 shares during the period. Finally, Rehmann Capital Advisory Group lifted its stake in shares of Pra Group by 3,693.0% in the third quarter. Rehmann Capital Advisory Group now owns 24,768 shares of the business services provider’s stock valued at $688,000 after purchasing an additional 24,115 shares during the period.

Shares of NASDAQ:PRAA traded up $0.34 during midday trading on Friday, hitting $28.48. The stock had a trading volume of 226,100 shares, compared to its average volume of 297,337. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 21.40 and a beta of 1.71. Pra Group has a 1 year low of $22.62 and a 1 year high of $43.75.

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 in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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