PRA Group Inc. (PRAA) Expected to Post Q1 2017 Earnings of $0.75 Per Share
PRA Group Inc. (NASDAQ:PRAA) – Stock analysts at William Blair dropped their Q1 2017 earnings per share (EPS) estimates for PRA Group in a research report issued on Thursday. William Blair analyst R. Napoli now anticipates that the brokerage will post earnings per share of $0.75 for the quarter, down from their prior estimate of $0.76. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for PRA Group’s Q2 2017 earnings at $0.82 EPS and Q4 2017 earnings at $0.90 EPS.
PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by $0.03. The firm earned $222 million during the quarter, compared to the consensus estimate of $229.85 million. PRA Group had a net margin of 15.87% and a return on equity of 17.26%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share.
A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded PRA Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. SunTrust Banks Inc. set a $42.00 price objective on PRA Group and gave the company a “buy” rating in a report on Tuesday, October 11th. Finally, Raymond James Financial Inc. restated a “market perform” rating and issued a $32.00 price objective on shares of PRA Group in a report on Tuesday, November 8th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. PRA Group has an average rating of “Hold” and a consensus price target of $34.20.
Shares of PRA Group (NASDAQ:PRAA) opened at 32.20 on Monday. The company’s 50-day moving average price is $32.29 and its 200 day moving average price is $29.12. PRA Group has a 12-month low of $20.00 and a 12-month high of $42.03. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 10.48 and a beta of 1.38.
A number of hedge funds have recently modified their holdings of the company. Turtle Creek Asset Management Inc. acquired a new stake in shares of PRA Group during the third quarter worth $35,422,000. WS Management Lllp acquired a new stake in shares of PRA Group during the second quarter worth $21,475,000. Cooke & Bieler LP increased its stake in shares of PRA Group by 70.0% in the second quarter. Cooke & Bieler LP now owns 1,132,117 shares of the company’s stock worth $27,329,000 after buying an additional 466,228 shares during the last quarter. Boston Partners acquired a new stake in shares of PRA Group during the second quarter worth $9,404,000. Finally, Hood River Capital Management LLC acquired a new stake in shares of PRA Group during the third quarter worth $13,029,000.
In other PRA Group news, insider Michael J. Petit sold 5,000 shares of the stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $34.23, for a total transaction of $171,150.00. Following the completion of the sale, the insider now directly owns 96,857 shares in the company, valued at approximately $3,315,415.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Petit sold 15,000 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $34.21, for a total value of $513,150.00. Following the sale, the insider now owns 106,857 shares of the company’s stock, valued at $3,655,577.97. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
PRA Group Company Profile
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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