PRA Group, Inc. (NASDAQ:PRAA) – Investment analysts at First Analysis issued their Q3 2017 EPS estimates for shares of PRA Group in a research report issued to clients and investors on Tuesday. First Analysis analyst L. Berlin anticipates that the business services provider will post earnings per share of $0.38 for the quarter. First Analysis also issued estimates for PRA Group’s Q4 2017 earnings at $0.41 EPS and FY2018 earnings at $2.01 EPS.
PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.23). PRA Group had a return on equity of 4.69% and a net margin of 9.76%. The business had revenue of $200.30 million during the quarter, compared to analyst estimates of $208.97 million. During the same quarter last year, the company posted $0.83 EPS. PRA Group’s quarterly revenue was down 12.3% compared to the same quarter last year.
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A number of other brokerages have also recently weighed in on PRAA. BidaskClub cut PRA Group from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of PRA Group in a research note on Thursday, September 21st. Janney Montgomery Scott cut PRA Group from a “neutral” rating to a “sell” rating in a research note on Wednesday. Citigroup Inc. cut PRA Group to an “underperform” rating in a research note on Thursday, September 21st. Finally, Zacks Investment Research cut PRA Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $38.00.
PRA Group (PRAA) opened at 29.35 on Friday. PRA Group has a one year low of $23.15 and a one year high of $42.70. The company has a 50-day moving average of $28.98 and a 200 day moving average of $33.85. The firm has a market cap of $1.33 billion, a P/E ratio of 17.90 and a beta of 1.49.
Hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its stake in PRA Group by 6.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 264,171 shares of the business services provider’s stock valued at $8,758,000 after buying an additional 17,070 shares during the last quarter. Oak Ridge Investments LLC lifted its stake in PRA Group by 0.9% in the second quarter. Oak Ridge Investments LLC now owns 1,077,845 shares of the business services provider’s stock valued at $40,850,000 after buying an additional 9,745 shares during the last quarter. Boston Partners lifted its stake in PRA Group by 2.0% in the second quarter. Boston Partners now owns 414,651 shares of the business services provider’s stock valued at $15,715,000 after buying an additional 8,027 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in PRA Group by 17.4% in the first quarter. Parametric Portfolio Associates LLC now owns 98,625 shares of the business services provider’s stock valued at $3,269,000 after buying an additional 14,621 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in PRA Group by 73.2% in the second quarter. BNP Paribas Arbitrage SA now owns 15,612 shares of the business services provider’s stock valued at $592,000 after buying an additional 6,596 shares during the last quarter.
About PRA Group
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.
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