PROG (PRG) Scheduled to Post Earnings on Wednesday

PROG (NYSE:PRG) will be issuing its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Parties that wish to listen to the company’s 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 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. PROG had a return on equity of 28.83% and a net margin of 5.77%. The company had revenue of $577.40 million for the quarter, compared to analyst estimates of $568.35 million. During the same period last year, the company posted $0.84 earnings per share. The firm’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 Trading Up 0.8 %

NYSE:PRG opened at $32.28 on Tuesday. The business’s 50-day moving average is $32.19 and its two-hundred day moving average is $30.61. 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 12 month low of $24.50 and a 12 month high of $44.81. The firm has a market capitalization of $1.41 billion, a PE ratio of 10.91 and a beta of 2.08.

PROG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.49%. The ex-dividend date was Wednesday, March 13th. PROG’s dividend payout ratio (DPR) is presently 16.22%.

Wall Street Analyst Weigh In

Several research analysts have commented on PRG shares. Stephens raised PROG from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 2nd. TD Cowen initiated coverage on PROG in a research report on Friday, March 8th. They set an “outperform” rating and a $37.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.60.

About PROG

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.