PROG (NYSE:PRG) Releases Q3 2026 Earnings Guidance

PROG (NYSE:PRG) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.000-1.200 for the period, compared to the consensus EPS estimate of 1.050. The company issued revenue guidance of $715.0 million-$750.0 million, compared to the consensus revenue estimate of $746.7 million. PROG also updated its FY 2026 guidance to 4.750-5.000 EPS.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. B. Riley Financial upped their price target on PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James Financial reaffirmed an “outperform” rating and set a $45.00 price target on shares of PROG in a report on Thursday, April 30th. Stephens lifted their price objective on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of PROG from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.44.

PROG Stock Performance

NYSE PRG traded up $2.03 on Thursday, hitting $44.81. 227,139 shares of the company’s stock were exchanged, compared to its average volume of 517,548. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 12.30 and a beta of 1.78. The firm’s 50-day moving average price is $40.78 and its two-hundred day moving average price is $35.31. PROG has a fifty-two week low of $25.80 and a fifty-two week high of $47.73. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.27 and a quick ratio of 2.41.

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

PROG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, May 19th. PROG’s payout ratio is presently 15.30%.

Key PROG News

Here are the key news stories impacting PROG this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. PROG reported adjusted earnings of $1.19 per share, above the roughly $0.95–$0.96 consensus, while revenue reached $719.72 million versus estimates of $713.50 million. EPS also increased from $1.02 a year earlier, supporting the positive reaction. PROG Holdings Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its full-year 2026 outlook. PROG now expects fiscal-year EPS of $4.75–$5.00, ahead of the approximately $4.66 analyst consensus, and revenue of $3.0–$3.1 billion. The company attributed the stronger outlook to ecosystem growth across Progressive Leasing, Four Technologies and Purchasing Power, which was acquired at the beginning of 2026. PRG Q2 Earnings Call Highlights
• Positive Sentiment: KeyCorp raised its price target. KeyCorp increased its target for PROG from $45 to $50 and maintained an “overweight” rating, signaling confidence that the earnings beat and raised outlook can support additional upside. KeyCorp Price Target Update
• Neutral Sentiment: Third-quarter guidance was broadly in line but slightly uneven. PROG forecast Q3 EPS of $1.00–$1.20, compared with a $1.05 consensus midpoint, while revenue guidance of $715 million–$750 million has a midpoint below the $746.7 million consensus. This may limit near-term enthusiasm despite the stronger annual outlook. PROG Holdings Reports Second Quarter 2026 Results

Institutional Trading of PROG

Several hedge funds and other institutional investors have recently made changes to their positions in PRG. Quarry LP grew its position in PROG by 82.8% during the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock worth $33,000 after buying an additional 506 shares during the period. WealthCollab LLC boosted its stake in shares of PROG by 28.1% during the 3rd quarter. WealthCollab LLC now owns 2,680 shares of the fintech holding company’s stock worth $87,000 after acquiring an additional 588 shares in the last quarter. Swiss National Bank grew its holdings in shares of PROG by 0.9% in the 3rd quarter. Swiss National Bank now owns 78,200 shares of the fintech holding company’s stock worth $2,531,000 after acquiring an additional 700 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of PROG by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company’s stock worth $648,000 after acquiring an additional 1,162 shares during the period. Finally, Vident Advisory LLC increased its stake in PROG by 7.7% in the 3rd quarter. Vident Advisory LLC now owns 18,880 shares of the fintech holding company’s stock valued at $611,000 after purchasing an additional 1,349 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

PROG Company Profile

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.