Brokerages Anticipate Pra Group Inc (NASDAQ:PRAA) Will Announce Quarterly Sales of $245.22 Million

Analysts expect Pra Group Inc (NASDAQ:PRAA) to report sales of $245.22 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Pra Group’s earnings. The highest sales estimate is $249.58 million and the lowest is $240.00 million. Pra Group reported sales of $221.52 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.7%. The company is scheduled to issue its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Pra Group will report full year sales of $995.09 million for the current year, with estimates ranging from $973.16 million to $1.01 billion. For the next fiscal year, analysts expect that the company will report sales of $1.09 billion, with estimates ranging from $1.04 billion to $1.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Pra Group.

Pra Group (NASDAQ:PRAA) last released its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Pra Group had a net margin of 6.42% and a return on equity of 5.26%. The firm had revenue of $245.90 million during the quarter, compared to the consensus estimate of $244.08 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis.

PRAA has been the subject of several research analyst reports. ValuEngine raised shares of Pra Group from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. BidaskClub lowered shares of Pra Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of Pra Group in a research report on Friday, March 1st. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.00.

Several institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors Inc. raised its position in Pra Group by 3.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 10,768 shares of the business services provider’s stock worth $262,000 after buying an additional 352 shares during the last quarter. Marshall Wace North America L.P. raised its position in Pra Group by 32.9% during the 1st quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock worth $44,000 after buying an additional 410 shares during the last quarter. Victory Capital Management Inc. raised its position in Pra Group by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 12,322 shares of the business services provider’s stock worth $300,000 after buying an additional 479 shares during the last quarter. Mason Street Advisors LLC raised its position in Pra Group by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 14,549 shares of the business services provider’s stock worth $390,000 after buying an additional 480 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Pra Group by 20.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,442 shares of the business services provider’s stock worth $84,000 after buying an additional 583 shares during the last quarter.

Shares of Pra Group stock traded up $0.04 during midday trading on Thursday, hitting $29.83. The company had a trading volume of 163,844 shares, compared to its average volume of 158,482. The firm has a market capitalization of $1.35 billion, a P/E ratio of 22.60 and a beta of 1.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. Pra Group has a 12-month low of $22.62 and a 12-month high of $43.75.

About Pra Group

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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