Equities research analysts forecast that Pra Group Inc (NASDAQ:PRAA) will post sales of $223.49 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Pra Group’s earnings. The lowest sales estimate is $222.24 million and the highest is $224.09 million. Pra Group posted sales of $201.01 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.2%. The company is expected to issue its next quarterly earnings results on Wednesday, November 14th.
On average, analysts expect that Pra Group will report full-year sales of $894.29 million for the current year, with estimates ranging from $884.81 million to $905.58 million. For the next fiscal year, analysts anticipate that the business will report sales of $961.95 million per share, with estimates ranging from $926.44 million to $982.69 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Pra Group.
Pra Group (NASDAQ:PRAA) last released its earnings results on Tuesday, August 7th. The business services provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Pra Group had a return on equity of 6.41% and a net margin of 16.81%. The business had revenue of $221.52 million for the quarter, compared to the consensus estimate of $214.17 million.
PRAA has been the topic of several analyst reports. BidaskClub raised Pra Group from a “hold” rating to a “buy” rating in a report on Friday, July 6th. ValuEngine raised Pra Group from a “hold” rating to a “buy” rating in a report on Thursday, July 5th. Oppenheimer reaffirmed a “hold” rating on shares of Pra Group in a report on Thursday, May 10th. Finally, Keefe, Bruyette & Woods set a $35.00 price target on Pra Group and gave the company a “hold” rating in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Pra Group has a consensus rating of “Hold” and an average price target of $35.00.
Pra Group stock traded down $0.40 during mid-day trading on Monday, hitting $36.90. The company had a trading volume of 3,849 shares, compared to its average volume of 254,366. Pra Group has a 12 month low of $25.72 and a 12 month high of $43.75. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 27.89 and a beta of 1.57.
In other news, insider Steven D. Fredrickson sold 7,500 shares of the company’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $41.02, for a total transaction of $307,650.00. Following the transaction, the insider now directly owns 321,948 shares of the company’s stock, valued at $13,206,306.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Steven D. Fredrickson sold 1,004 shares of the company’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $41.10, for a total value of $41,264.40. Following the transaction, the chairman now directly owns 321,948 shares in the company, valued at $13,232,062.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 313,482 shares of company stock worth $11,960,829. Corporate insiders own 2.34% of the company’s stock.
Several large investors have recently made changes to their positions in PRAA. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Pra Group by 166.0% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,621,684 shares of the business services provider’s stock valued at $61,624,000 after purchasing an additional 1,012,000 shares in the last quarter. Stephens Investment Management Group LLC purchased a new stake in Pra Group during the first quarter valued at $27,446,000. Great West Life Assurance Co. Can increased its position in Pra Group by 380.6% during the first quarter. Great West Life Assurance Co. Can now owns 286,804 shares of the business services provider’s stock valued at $10,868,000 after acquiring an additional 227,126 shares during the last quarter. Boston Partners increased its position in Pra Group by 44.2% during the first quarter. Boston Partners now owns 683,914 shares of the business services provider’s stock valued at $25,989,000 after acquiring an additional 209,736 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Pra Group by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,546,159 shares of the business services provider’s stock valued at $98,155,000 after acquiring an additional 180,276 shares during the last quarter.
About Pra Group
PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.
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