PROG (NYSE:PRG) Updates FY 2026 Earnings Guidance

PROG (NYSE:PRG) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.750-5.000 for the period, compared to the consensus estimate of 4.660. The company issued revenue guidance of $3.0 billion-$3.1 billion, compared to the consensus revenue estimate of $3.0 billion. PROG also updated its Q3 2026 guidance to 1.000-1.200 EPS.

PROG Stock Down 5.2%

PRG stock traded down $2.35 during midday trading on Wednesday, hitting $42.73. The company’s stock had a trading volume of 636,914 shares, compared to its average volume of 515,476. PROG has a 52-week low of $25.80 and a 52-week high of $47.73. The firm has a market capitalization of $1.71 billion, a P/E ratio of 11.62 and a beta of 1.78. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21. The firm has a 50-day simple moving average of $40.61 and a 200-day simple moving average of $35.22.

PROG (NYSE:PRG) last released its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.24. The business had revenue of $719.72 million during the quarter, compared to analysts’ expectations of $713.50 million. PROG had a net margin of 5.88% and a return on equity of 21.94%. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, equities analysts forecast that PROG will post 4.7 EPS for the current year.

PROG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a $0.14 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.56 annualized dividend and a yield of 1.3%. PROG’s payout ratio is 15.30%.

Wall Street Analyst Weigh In

PRG has been the subject of a number of analyst reports. Wall Street Zen downgraded PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Zacks Research downgraded shares of PROG from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. B. Riley Financial restated a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Weiss Ratings upgraded PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Finally, TD Cowen boosted their price target on PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.36.

PROG News Roundup

Here are the key news stories impacting PROG this week:

• Positive Sentiment: PROG reported second-quarter earnings of $1.19 per share, well above the $0.95-$0.96 analyst consensus and up from $1.02 a year earlier. Revenue reached $719.72 million, also exceeding the roughly $713.5 million consensus estimate. PROG Holdings Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management maintained an upbeat view of the business, citing second-quarter revenue toward the higher end of its outlook. The results included Purchasing Power, acquired on January 2, 2026, expanding PROG’s reported operations. PROG Holdings Reports Second Quarter 2026 Results
• Positive Sentiment: Full-year 2026 EPS guidance of $4.75-$5.00 is above the $4.66 analyst consensus, while full-year revenue guidance of $3.0 billion-$3.1 billion is broadly in line with expectations. PROG Holdings Reports Second Quarter 2026 Results
• Neutral Sentiment: The earnings release reflects improving leasing demand and growth at Four Technologies, but analysts continue to monitor write-offs and pressure on consumers’ financial health. PROG Holdings Q2 Preview
• Negative Sentiment: Third-quarter revenue guidance of $715 million-$750 million has a midpoint of $732.5 million, below the $746.7 million consensus estimate. Although the Q3 EPS range of $1.00-$1.20 brackets a consensus estimate of $1.05, the softer revenue outlook likely weighed on the stock.

Institutional Trading of PROG

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in PROG by 436.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after purchasing an additional 1,483,751 shares during the period. State Street Corp raised its stake in shares of PROG by 5.6% in the fourth quarter. State Street Corp now owns 1,679,355 shares of the fintech holding company’s stock valued at $49,524,000 after acquiring an additional 89,035 shares during the period. UBS Group AG lifted its holdings in shares of PROG by 102.4% in the 3rd quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock worth $26,654,000 after acquiring an additional 416,658 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in PROG by 1.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 756,270 shares of the fintech holding company’s stock valued at $24,473,000 after purchasing an additional 8,552 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in PROG by 451.1% in the third quarter. First Trust Advisors LP now owns 702,781 shares of the fintech holding company’s stock worth $22,742,000 after purchasing an additional 575,255 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.

About PROG

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.