FY2016 EPS Estimates for PRA Group Inc. Boosted by William Blair (PRAA)
PRA Group Inc. (NASDAQ:PRAA) – Investment analysts at William Blair lifted their FY2016 earnings per share estimates for PRA Group in a research note issued on Tuesday. William Blair analyst R. Napoli now expects that the brokerage will earn $3.04 per share for the year, up from their prior estimate of $2.99. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for PRA Group’s Q1 2017 earnings at $0.76 EPS and Q3 2017 earnings at $0.79 EPS.
PRA Group (NASDAQ:PRAA) last announced its earnings results on Monday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.03. PRA Group had a return on equity of 17.26% and a net margin of 15.87%. The company had revenue of $222 million for the quarter, compared to analyst estimates of $229.85 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. PRA Group’s revenue for the quarter was down 3.2% on a year-over-year basis.
A number of other equities analysts have also commented on PRAA. Zacks Investment Research raised shares of PRA Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. SunTrust Banks Inc. set a $42.00 price target on shares of PRA Group and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Finally, Raymond James Financial Inc. reaffirmed a “market perform” rating and set a $32.00 price target on shares of PRA Group in a research report on Tuesday. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. PRA Group currently has an average rating of “Hold” and a consensus price target of $34.20.
Shares of PRA Group (NASDAQ:PRAA) opened at 31.00 on Thursday. The company’s 50 day moving average is $32.34 and its 200-day moving average is $29.19. PRA Group has a 1-year low of $20.00 and a 1-year high of $42.03. The company has a market capitalization of $1.44 billion, a P/E ratio of 10.09 and a beta of 1.38.
A number of institutional investors have recently added to or reduced their stakes in PRAA. BlackRock Group LTD raised its position in PRA Group by 7.6% in the first quarter. BlackRock Group LTD now owns 58,848 shares of the company’s stock valued at $1,731,000 after buying an additional 4,180 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in PRA Group by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,211,240 shares of the company’s stock valued at $35,598,000 after buying an additional 21,785 shares in the last quarter. State Street Corp increased its stake in PRA Group by 1.1% in the first quarter. State Street Corp now owns 1,003,888 shares of the company’s stock worth $29,511,000 after buying an additional 10,672 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in PRA Group by 33.2% in the first quarter. Envestnet Asset Management Inc. now owns 171,847 shares of the company’s stock worth $5,051,000 after buying an additional 42,800 shares during the last quarter. Finally, Avalon Advisors LLC increased its stake in PRA Group by 13.8% in the first quarter. Avalon Advisors LLC now owns 17,344 shares of the company’s stock worth $510,000 after buying an additional 2,106 shares during the last quarter.
In other PRA Group news, insider Michael J. Petit sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $34.23, for a total value of $171,150.00. Following the transaction, the insider now directly owns 96,857 shares of the company’s stock, valued at approximately $3,315,415.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael J. Petit sold 15,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $34.21, for a total transaction of $513,150.00. Following the completion of the transaction, the insider now directly owns 106,857 shares in the company, valued at $3,655,577.97. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company 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.
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