Pra Group Inc (PRAA) Expected to Announce Earnings of $0.36 Per Share

Brokerages expect that Pra Group Inc (NASDAQ:PRAA) will post $0.36 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Pra Group’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.42. Pra Group reported earnings of $0.38 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 5.3%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Pra Group will report full year earnings of $1.80 per share for the current fiscal year, with EPS estimates ranging from $1.68 to $1.92. For the next fiscal year, analysts forecast that the business will post earnings of $2.45 per share, with EPS estimates ranging from $2.06 to $2.95. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Pra Group.

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Pra Group (NASDAQ:PRAA) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). Pra Group had a net margin of 19.94% and a return on equity of 5.83%. The firm had revenue of $205.67 million for the quarter, compared to analysts’ expectations of $195.56 million.

A number of equities research analysts have issued reports on PRAA shares. ValuEngine raised Pra Group from a “hold” rating to a “buy” rating in a research report on Monday. BidaskClub raised Pra Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised Pra Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Oppenheimer started coverage on Pra Group in a research report on Monday, January 8th. They set a “hold” rating for the company. Finally, Raymond James Financial raised Pra Group from an “underperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.00.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Turtle Creek Asset Management Inc. boosted its position in shares of Pra Group by 35.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,955,965 shares of the business services provider’s stock worth $170,638,000 after buying an additional 1,566,430 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Pra Group by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,897,547 shares of the business services provider’s stock worth $54,366,000 after buying an additional 152,883 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Pra Group in the third quarter worth about $18,167,000. Boston Partners boosted its position in shares of Pra Group by 9.2% in the fourth quarter. Boston Partners now owns 474,178 shares of the business services provider’s stock worth $15,743,000 after buying an additional 39,968 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Pra Group by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 406,062 shares of the business services provider’s stock worth $13,481,000 after buying an additional 2,229 shares during the period.

PRAA stock traded down $0.80 during trading on Friday, reaching $37.55. 230,906 shares of the stock traded hands, compared to its average volume of 391,935. Pra Group has a 52-week low of $25.72 and a 52-week high of $40.55. The company has a market cap of $1,729.87, a PE ratio of 28.23 and a beta of 1.45.

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About Pra Group

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

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Earnings History and Estimates for Pra Group (NASDAQ:PRAA)

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