Press coverage about Pra Group (NASDAQ:PRAA) has trended positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pra Group earned a daily sentiment score of 0.39 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 46.6426698136666 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- $0.37 Earnings Per Share Expected for Pra Group Inc (PRAA) This Quarter (americanbankingnews.com)
- Insider Selling: Pra Group Inc (PRAA) Director Sells 1,975 Shares of Stock (americanbankingnews.com)
- BRIEF-PRA Group Announces Changes To Board Of Directors (PRAA) (markets.businessinsider.com)
- PRA Group Announces Changes to Board of Directors (finance.yahoo.com)
- Short Interest in Pra Group Inc (PRAA) Declines By 16.1% (americanbankingnews.com)
Shares of Pra Group (NASDAQ PRAA) opened at $34.95 on Friday. The stock has a market cap of $1,580.00, a P/E ratio of 27.96 and a beta of 1.59. Pra Group has a 1 year low of $25.72 and a 1 year high of $42.70.
Pra Group (NASDAQ:PRAA) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). Pra Group had a net margin of 7.57% and a return on equity of 2.98%. The company had revenue of $201.00 million for the quarter, compared to the consensus estimate of $196.96 million. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s quarterly revenue was down 9.5% on a year-over-year basis. equities analysts expect that Pra Group will post 1.38 earnings per share for the current fiscal year.
Several research firms have recently issued reports on PRAA. Zacks Investment Research upgraded shares of Pra Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Janney Montgomery Scott upgraded shares of Pra Group from a “sell” rating to a “neutral” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods cut shares of Pra Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $36.00 to $40.00 in a research report on Tuesday, October 10th. Raymond James Financial reiterated an “underperform” rating on shares of Pra Group in a research report on Thursday, September 21st. Finally, Citigroup cut shares of Pra Group to an “underperform” rating in a research report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Pra Group currently has a consensus rating of “Hold” and a consensus target price of $40.00.
In related news, Director Penelope W. Kyle sold 1,975 shares of the firm’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $33.45, for a total value of $66,063.75. Following the completion of the transaction, the director now directly owns 36,425 shares of the company’s stock, valued at $1,218,416.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.
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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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