Equity research analysts expect PRA Group, Inc. (NASDAQ: PRAA) to post sales of $ 256.85 million for the current fiscal quarter, Zacks reports. Four analysts provided earnings estimates for PRA Group. The lowest sales estimate is $ 246.85 million and the highest is $ 271.70 million. PRA Group reported revenue of $ 267.86 million in the same quarter of last year, indicating a negative growth rate of 4.1% year-over-year. The company is expected to release its next earnings report after the market closes on Monday, November 8.
On average, analysts expect PRA Group to report annual revenue of $ 1.08 billion for the current year, with estimates ranging from $ 1.06 billion to $ 1.10 billion. of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 1.01 billion, with estimates ranging from $ 919.97 million to $ 1.05 billion. Zacks sales averages are an average based on a survey of seller-side analysts who cover PRA Group.
PRA Group (NASDAQ: PRAA) last released its results on Thursday, August 5. The business services provider reported earnings per share (EPS) of $ 1.22 for the quarter, beating Thomson Reuters consensus estimate of $ 0.76 by $ 0.46. PRA Group had a net margin of 16.72% and a return on equity of 13.52%. The company posted revenue of $ 285.63 million for the quarter, compared to $ 258.24 million expected by analysts.
PRAA shares opened at $ 42.62 on Friday. PRA Group has a 12-month low of $ 32.78 and a 12-month high of $ 45.52. The company’s 50-day moving average is $ 40.50 and its 200-day moving average is $ 38.92. The stock has a market cap of $ 1.95 billion, a P / E ratio of 10.53 and a beta of 1.41.
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In other PRA Group news, chairman Steven D. Fredrickson sold 6,000 shares in a trade that took place on Monday, August 30. The shares were sold for an average price of $ 41.98, for a total value of $ 251,880.00. The transaction was disclosed in a file with the SEC, which can be accessed through this hyperlink. In addition, President Steven D. Fredrickson sold 20,000 shares of the company in a trade on Friday August 6. The shares were sold at an average price of $ 40.68, for a total trade of $ 813,600.00. Disclosure of this sale can be found here. Insiders have sold 33,477 shares of the company valued at $ 1,379,514 in the past 90 days. 1.75% of the shares are currently held by company insiders.
Several hedge funds have recently changed their positions in PRAA. Marshall Wace North America LP increased its position in PRA Group shares by 32.9% in the first quarter. Marshall Wace North America LP now owns 1,655 shares of the business services provider valued at $ 44,000 after purchasing an additional 410 shares during the period. First Trust Advisors LP increased its stake in PRA Group by 17.0% in the 1st quarter. First Trust Advisors LP now owns 69,846 shares of the business services provider valued at $ 1,873,000 after acquiring an additional 10,134 shares in the last quarter. Rhumbline Advisers increased its stake in PRA Group by 0.6% in the 1st quarter. Rhumbline Advisers now owns 147,872 shares of the business services provider valued at $ 5,482,000 after acquiring an additional 907 shares in the last quarter. The Swiss National Bank increased its stake in PRA Group by 1.0% in the first quarter. The Swiss National Bank now owns 104,200 shares of the business services provider valued at $ 3,863,000 after acquiring an additional 1,000 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in PRA Group by 4.5% in the first quarter. HighTower Advisors LLC now owns 6,757 shares of the business services provider valued at $ 256,000 after acquiring an additional 294 shares in the last quarter.
About the PRA Group
PRA Group, Inc. engages in the purchase, collection and management of portfolios of nonperforming loans. The company buys portfolios of nonperforming loans at a discount in two broad categories: Core and Insolvency. She also provides paid services for class action collection and managing consumer bankruptcy accounts in the United States.
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