PROG (PRG) Scheduled to Post Earnings on Wednesday

PROG (NYSE:PRG) is set to post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect PROG to post earnings of $0.82 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

PROG (NYSE:PRG) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. PROG had a return on equity of 28.83% and a net margin of 5.77%. The business had revenue of $577.40 million for the quarter, compared to the consensus estimate of $568.35 million. During the same quarter in the previous year, the company posted $0.84 EPS. The company’s revenue was down 5.7% compared to the same quarter last year. On average, analysts expect PROG to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

PROG Stock Performance

NYSE:PRG opened at $32.28 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.66 and a quick ratio of 1.49. PROG has a 1 year low of $24.50 and a 1 year high of $44.81. The stock’s 50 day simple moving average is $32.19 and its two-hundred day simple moving average is $30.61. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 10.91 and a beta of 2.08.

PROG Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Wednesday, March 13th. PROG’s dividend payout ratio is currently 16.22%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PRG. TD Cowen began coverage on PROG in a report on Friday, March 8th. They set an “outperform” rating and a $37.00 price objective for the company. Stephens raised PROG from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, PROG presently has an average rating of “Moderate Buy” and an average price target of $39.60.

PROG Company Profile

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.