PROG (NYSE:PRG) Releases FY25 Earnings Guidance

PROG (NYSE:PRG) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.10-3.50 for the period, compared to the consensus earnings per share estimate of $3.88. The company issued revenue guidance of $2.52-2.59 billion, compared to the consensus revenue estimate of $2.62 billion. PROG also updated its FY 2025 guidance to 3.100-3.500 EPS.

PROG Trading Down 0.1 %

PRG traded down $0.03 during trading on Thursday, hitting $30.55. The company’s stock had a trading volume of 131,076 shares, compared to its average volume of 392,122. The stock has a market cap of $1.27 billion, a PE ratio of 8.43 and a beta of 2.18. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.97 and a quick ratio of 2.34. PROG has a twelve month low of $27.84 and a twelve month high of $50.28. The firm’s 50 day moving average price is $42.39 and its 200-day moving average price is $44.98.

PROG (NYSE:PRG) last posted 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 net margin of 6.55% and a return on equity of 24.56%. The company had revenue of $623.30 million during the quarter, compared to the consensus estimate of $612.67 million. During the same quarter in the prior year, the company posted $0.72 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts expect that PROG will post 3.36 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.