PROG (NYSE:PRG) Issues Q3 2026 Earnings Guidance

PROG (NYSE:PRG) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.000-1.200 for the period, compared to the consensus earnings per share estimate of 1.050. The company issued revenue guidance of $715.0 million-$750.0 million, compared to the consensus revenue estimate of $746.7 million. PROG also updated its FY 2026 guidance to 4.750-5.000 EPS.

Wall Street Analysts Forecast Growth

PRG has been the subject of a number of analyst reports. Loop Capital lowered shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research report on Wednesday, July 1st. Stephens upped their price target on PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Wall Street Zen cut shares of PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Raymond James Financial reiterated an “outperform” rating and issued a $45.00 price target on shares of PROG in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.36.

PROG Stock Down 5.2%

NYSE PRG traded down $2.35 on Wednesday, reaching $42.73. The company had a trading volume of 636,914 shares, compared to its average volume of 515,476. PROG has a 52-week low of $25.80 and a 52-week high of $47.73. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $1.71 billion, a P/E ratio of 11.62 and a beta of 1.78. The company’s fifty day moving average is $40.61 and its 200 day moving average is $35.22.

PROG (NYSE:PRG) last announced its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.24. PROG had a net margin of 5.88% and a return on equity of 21.94%. The company had revenue of $719.72 million during the quarter, compared to analyst estimates of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. Sell-side analysts anticipate that PROG will post 4.7 earnings per share for the current fiscal year.

PROG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PROG’s payout ratio is currently 15.30%.

Key Headlines Impacting PROG

Here are the key news stories impacting PROG this week:

• Positive Sentiment: PROG reported second-quarter earnings of $1.19 per share, well above the $0.95-$0.96 analyst consensus and up from $1.02 a year earlier. Revenue reached $719.72 million, also exceeding the roughly $713.5 million consensus estimate. PROG Holdings Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management maintained an upbeat view of the business, citing second-quarter revenue toward the higher end of its outlook. The results included Purchasing Power, acquired on January 2, 2026, expanding PROG’s reported operations. PROG Holdings Reports Second Quarter 2026 Results
• Positive Sentiment: Full-year 2026 EPS guidance of $4.75-$5.00 is above the $4.66 analyst consensus, while full-year revenue guidance of $3.0 billion-$3.1 billion is broadly in line with expectations. PROG Holdings Reports Second Quarter 2026 Results
• Neutral Sentiment: The earnings release reflects improving leasing demand and growth at Four Technologies, but analysts continue to monitor write-offs and pressure on consumers’ financial health. PROG Holdings Q2 Preview
• Negative Sentiment: Third-quarter revenue guidance of $715 million-$750 million has a midpoint of $732.5 million, below the $746.7 million consensus estimate. Although the Q3 EPS range of $1.00-$1.20 brackets a consensus estimate of $1.05, the softer revenue outlook likely weighed on the stock.

Institutional Trading of PROG

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP raised its position in shares of PROG by 82.8% in the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after buying an additional 506 shares during the last quarter. Federation des caisses Desjardins du Quebec purchased a new stake in PROG in the 4th quarter worth about $44,000. WealthCollab LLC raised its position in PROG by 61.9% during the second quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock valued at $61,000 after acquiring an additional 800 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of PROG in the third quarter worth about $204,000. Finally, iSAM Funds UK Ltd bought a new position in PROG in the 3rd quarter valued at $209,000. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.