PRA Group (PRAA) Scheduled to Post Quarterly Earnings on Monday

PRA Group (NASDAQ:PRAA) is scheduled to be releasing its earnings data after the market closes on Monday, August 5th. Analysts expect PRA Group to post earnings of $0.05 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings results on Monday, May 6th. The business services provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.24. The company had revenue of $255.59 million during the quarter, compared to the consensus estimate of $233.37 million. PRA Group had a negative return on equity of 1.76% and a negative net margin of 2.37%. The firm’s quarterly revenue was up 64.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.50) EPS. On average, analysts expect PRA Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PRA Group Stock Performance

PRAA stock opened at $23.61 on Friday. The company has a market capitalization of $929.05 million, a price-to-earnings ratio of -43.72 and a beta of 1.48. PRA Group has a fifty-two week low of $11.85 and a fifty-two week high of $31.43. The stock has a fifty day moving average of $21.34 and a 200-day moving average of $23.43.

Analysts Set New Price Targets

PRAA has been the subject of several analyst reports. JMP Securities restated a “market outperform” rating and issued a $33.00 target price on shares of PRA Group in a research note on Tuesday, May 7th. StockNews.com downgraded PRA Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th.

About PRA Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.