PROG (PRG) Set to Announce Earnings on Wednesday

PROG (NYSE:PRG) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 23rd. Analysts expect PROG to post earnings of $0.76 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.22. The company had revenue of $592.16 million for the quarter, compared to analysts’ expectations of $573.23 million. PROG had a return on equity of 26.30% and a net margin of 4.57%. PROG’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. On average, analysts expect PROG to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

PROG Stock Performance

Shares of NYSE PRG opened at $47.02 on Tuesday. The company has a current ratio of 3.87, a quick ratio of 1.80 and a debt-to-equity ratio of 1.02. The stock’s 50-day moving average is $46.87 and its 200 day moving average is $39.63. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 19.19 and a beta of 2.11. PROG has a 1-year low of $26.39 and a 1-year high of $50.28.

PROG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a $0.12 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.48 dividend on an annualized basis and a yield of 1.02%. PROG’s dividend payout ratio (DPR) is currently 19.59%.

Analyst Ratings Changes

A number of equities analysts have commented on PRG shares. Jefferies Financial Group lifted their price target on PROG from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Loop Capital raised PROG from a “hold” rating to a “buy” rating and lifted their price target for the stock from $41.00 to $55.00 in a research note on Monday, August 19th. KeyCorp lifted their price target on PROG from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, TD Cowen lifted their price target on PROG from $40.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.40.

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.