PRA Group (NASDAQ:PRAA) Releases Quarterly Earnings Results

PRA Group (NASDAQ:PRAA) released its quarterly earnings results on Monday. The business services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.37, Briefing.com reports. PRA Group had a return on equity of 2.94% and a net margin of 4.16%. The company had revenue of $281.48 million for the quarter, compared to analyst estimates of $262.20 million. During the same quarter last year, the firm posted ($0.31) earnings per share. PRA Group’s revenue was up 30.1% compared to the same quarter last year.

PRA Group Stock Performance

PRA Group stock traded up $0.15 during mid-day trading on Thursday, reaching $24.87. The company’s stock had a trading volume of 49,110 shares, compared to its average volume of 209,180. PRA Group has a 12 month low of $15.63 and a 12 month high of $31.43. The business’s 50 day simple moving average is $21.40 and its 200 day simple moving average is $22.04. The company has a market capitalization of $980.38 million, a price-to-earnings ratio of 22.47 and a beta of 1.50.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PRAA shares. StockNews.com upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Truist Financial upped their target price on shares of PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday.

PRA Group Company Profile

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.