Analysts Anticipate Pra Group Inc (NASDAQ:PRAA) Will Announce Quarterly Sales of $245.22 Million

Brokerages expect Pra Group Inc (NASDAQ:PRAA) to announce $245.22 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Pra Group’s earnings, with estimates ranging from $240.00 million to $249.58 million. Pra Group reported sales of $221.52 million in the same quarter last year, which indicates a positive year over year growth rate of 10.7%. The company is scheduled to announce its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that Pra Group will report full-year sales of $995.09 million for the current fiscal year, with estimates ranging from $973.16 million to $1.01 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.09 billion, with estimates ranging from $1.04 billion to $1.14 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Pra Group.

Pra Group (NASDAQ:PRAA) last issued its earnings results on Thursday, May 9th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $245.90 million during the quarter, compared to the consensus estimate of $244.08 million. Pra Group had a return on equity of 5.26% and a net margin of 6.42%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS.

Several brokerages recently weighed in on PRAA. BidaskClub downgraded shares of Pra Group from a “sell” rating to a “strong sell” rating in a report on Friday, March 22nd. ValuEngine downgraded shares of Pra Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. Finally, William Blair reaffirmed an “outperform” rating on shares of Pra Group in a report on Friday, March 1st. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Institutional investors have recently modified their holdings of the stock. Texas Permanent School Fund boosted its holdings in shares of Pra Group by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 29,646 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 1,143 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Pra Group by 59.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 323,923 shares of the business services provider’s stock valued at $7,799,000 after purchasing an additional 120,328 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Pra Group by 20.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,442 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 583 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Pra Group by 21.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 438,384 shares of the business services provider’s stock valued at $10,683,000 after purchasing an additional 77,734 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Pra Group by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 12,322 shares of the business services provider’s stock valued at $300,000 after purchasing an additional 479 shares during the last quarter.

Shares of Pra Group stock opened at $29.51 on Thursday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 20.49 and a beta of 1.69. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. Pra Group has a fifty-two week low of $22.62 and a fifty-two week high of $43.75.

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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