PROG (PRG) to Release Quarterly Earnings on Wednesday

PROG (NYSE:PRG) is anticipated to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.77 per share and revenue of $612.67 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

PROG Trading Up 1.7 %

Shares of PRG opened at $42.94 on Wednesday. PROG has a twelve month low of $27.84 and a twelve month high of $50.28. The stock has a market capitalization of $1.78 billion, a P/E ratio of 11.90 and a beta of 2.18. The company has a quick ratio of 2.34, a current ratio of 4.97 and a debt-to-equity ratio of 0.94. The firm has a fifty day simple moving average of $43.19 and a two-hundred day simple moving average of $45.13.

Analyst Upgrades and Downgrades

PRG has been the topic of several research reports. Stephens reissued an “overweight” rating and set a $60.00 price objective on shares of PROG in a research note on Thursday, January 2nd. TD Cowen upgraded shares of PROG to a “strong-buy” rating in a research note on Friday, November 29th. Finally, Raymond James upgraded PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $53.83.

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.