Zacks: Analysts Expect Pra Group Inc (NASDAQ:PRAA) Will Announce Earnings of $0.47 Per Share

Analysts expect that Pra Group Inc (NASDAQ:PRAA) will report $0.47 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Pra Group’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.43. Pra Group posted earnings per share of $0.22 during the same quarter last year, which indicates a positive year over year growth rate of 113.6%. The company is scheduled to issue its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Pra Group will report full-year earnings of $1.71 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.80. For the next financial year, analysts anticipate that the business will report earnings of $2.41 per share, with EPS estimates ranging from $2.07 to $2.95. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Pra Group.

Pra Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The business had revenue of $252.06 million for the quarter, compared to analyst estimates of $245.48 million. Pra Group had a return on equity of 5.16% and a net margin of 6.11%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share.

PRAA has been the topic of a number of research reports. Buckingham Research increased their price objective on Pra Group from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, August 9th. BidaskClub raised Pra Group from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, ValuEngine raised Pra Group from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $32.00.

Shares of PRAA stock traded up $0.87 during mid-day trading on Friday, reaching $33.61. The stock had a trading volume of 246,000 shares, compared to its average volume of 254,019. The business’s fifty day moving average is $29.63 and its 200-day moving average is $28.95. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 23.34 and a beta of 1.64. Pra Group has a 1-year low of $22.62 and a 1-year high of $39.40.

A number of institutional investors have recently bought and sold shares of PRAA. Marshall Wace North America L.P. boosted its position in Pra Group by 32.9% during the first quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock worth $44,000 after purchasing an additional 410 shares in the last quarter. Mason Street Advisors LLC boosted its position in Pra Group by 3.4% during the first quarter. Mason Street Advisors LLC now owns 14,549 shares of the business services provider’s stock worth $390,000 after purchasing an additional 480 shares in the last quarter. Arizona State Retirement System boosted its position in Pra Group by 0.7% during the second quarter. Arizona State Retirement System now owns 70,400 shares of the business services provider’s stock worth $1,981,000 after purchasing an additional 514 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Pra Group by 1.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 49,309 shares of the business services provider’s stock worth $1,387,000 after purchasing an additional 541 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its position in Pra Group by 5.5% during the first quarter. Piedmont Investment Advisors Inc. now owns 11,362 shares of the business services provider’s stock worth $305,000 after purchasing an additional 594 shares in the last quarter.

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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Earnings History and Estimates for Pra Group (NASDAQ:PRAA)

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