PROG (NYSE:PRG) Issues Q1 2025 Earnings Guidance

PROG (NYSE:PRG) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.800-0.850 for the period, compared to the consensus earnings per share estimate of 0.990. The company issued revenue guidance of $665.0 million-$685.0 million, compared to the consensus revenue estimate of $682.2 million. PROG also updated its FY 2025 guidance to 3.100-3.500 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PRG. Raymond James upgraded shares of PROG from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Thursday, October 24th. TD Cowen upgraded PROG to a “strong-buy” rating in a report on Friday, November 29th. Finally, Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of PROG in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PROG presently has a consensus rating of “Buy” and an average target price of $53.83.

PROG Stock Performance

NYSE:PRG opened at $42.73 on Wednesday. The company’s 50-day moving average is $42.74 and its two-hundred day moving average is $45.08. PROG has a 1-year low of $27.84 and a 1-year high of $50.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.97 and a quick ratio of 2.34. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.84 and a beta of 2.18.

PROG (NYSE:PRG) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. PROG had a return on equity of 24.56% and a net margin of 6.55%. Analysts forecast that PROG will post 3.36 EPS for the current year.

About PROG

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.