PRA Group (PRAA) Scheduled to Post Earnings on Monday

PRA Group (NASDAQ:PRAA) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Monday, August 5th. The business services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.46. The business had revenue of $284.20 million during the quarter, compared to analyst estimates of $245.04 million. PRA Group had a return on equity of 0.33% and a net margin of 0.40%. PRA Group’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.10) EPS. On average, analysts expect PRA Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PRA Group Trading Up 3.4 %

NASDAQ PRAA opened at $20.84 on Friday. PRA Group has a 1 year low of $12.80 and a 1 year high of $31.43. The company has a market cap of $821.51 million, a PE ratio of 208.42 and a beta of 1.49. The stock’s 50-day moving average price is $21.42 and its two-hundred day moving average price is $22.08.

Wall Street Analyst Weigh In

A number of research firms recently commented on PRAA. Truist Financial decreased their price objective on shares of PRA Group from $42.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. StockNews.com raised PRA Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

Insider Transactions at PRA Group

In related news, Director Geir Olsen acquired 11,750 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average cost of $21.39 per share, with a total value of $251,332.50. Following the completion of the transaction, the director now owns 11,750 shares of the company’s stock, valued at approximately $251,332.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

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