PRA Group Inc. (NASDAQ:PRAA) – Analysts at William Blair upped their Q1 2017 earnings estimates for shares of PRA Group in a note issued to investors on Tuesday. William Blair analyst R. Napoli now expects that the brokerage will earn $0.84 per share for the quarter, up from their previous estimate of $0.78. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for PRA Group’s Q2 2017 earnings at $0.85 EPS.
PRA Group (NASDAQ:PRAA) last released its earnings results on Monday, August 8th. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. PRA Group had a return on equity of 19.50% and a net margin of 13.89%. The firm earned $228.50 million during the quarter, compared to analysts’ expectations of $227.92 million. During the same quarter last year, the business posted $1.06 earnings per share. The firm’s revenue was down 3.7% on a year-over-year basis.
Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded PRA Group from a “sell” rating to a “hold” rating in a research note on Thursday. First Analysis initiated coverage on PRA Group in a research note on Tuesday, June 7th. They set an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.25.
Shares of PRA Group (NASDAQ:PRAA) opened at 33.89 on Thursday. The company’s 50 day moving average price is $30.74 and its 200 day moving average price is $28.62. PRA Group has a 52-week low of $20.00 and a 52-week high of $56.00. The stock has a market cap of $1.57 billion, a PE ratio of 12.61 and a beta of 1.41.
Several institutional investors have recently modified their holdings of PRAA. WS Management Lllp bought a new position in shares of PRA Group during the second quarter valued at about $21,475,000. Cooke & Bieler LP boosted its position in PRA Group by 70.0% in the second quarter. Cooke & Bieler LP now owns 1,132,117 shares of the company’s stock worth $27,329,000 after buying an additional 466,228 shares during the last quarter. Boston Partners acquired a new position in PRA Group during the second quarter worth $9,404,000. Norges Bank acquired a new position in PRA Group during the fourth quarter worth $12,769,000. Finally, PNC Financial Services Group Inc. boosted its position in PRA Group by 17.7% in the second quarter. PNC Financial Services Group Inc. now owns 2,071,694 shares of the company’s stock worth $50,011,000 after buying an additional 311,888 shares during the last quarter.
In other news, insider Michael J. Petit sold 8,300 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $28.93, for a total value of $240,119.00. Following the completion of the transaction, the insider now owns 116,857 shares of the company’s stock, valued at approximately $3,380,673.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael J. Petit sold 3,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $28.11, for a total value of $84,330.00. Following the completion of the transaction, the insider now directly owns 125,157 shares of the company’s stock, valued at approximately $3,518,163.27. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
About PRA Group
PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.
Receive News & Ratings for PRA Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.