PROG (NYSE:PRG) Updates FY25 Earnings Guidance

PROG (NYSE:PRG) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.10-3.50 for the period, compared to the consensus earnings per share estimate of $3.88. The company issued revenue guidance of $2.52-2.59 billion, compared to the consensus revenue estimate of $2.62 billion. PROG also updated its FY 2025 guidance to 3.100-3.500 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Stephens reiterated an “overweight” rating and set a $60.00 price objective on shares of PROG in a research note on Thursday, January 2nd. Raymond James upgraded PROG from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research note on Thursday, October 24th. Finally, TD Cowen upgraded shares of PROG to a “strong-buy” rating in a research note on Friday, November 29th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $53.83.

PROG Price Performance

NYSE PRG traded down $11.93 during trading hours on Wednesday, reaching $30.76. 1,801,171 shares of the company’s stock were exchanged, compared to its average volume of 383,596. PROG has a one year low of $27.84 and a one year high of $50.28. The stock has a market cap of $1.28 billion, a PE ratio of 8.58 and a beta of 2.18. The company has a current ratio of 4.97, a quick ratio of 2.34 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average of $42.74 and a 200-day moving average of $45.08.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $623.30 million for the quarter, compared to analyst estimates of $612.67 million. PROG had a net margin of 6.55% and a return on equity of 24.56%. PROG’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share. On average, equities research analysts predict that PROG will post 3.36 earnings per share for the current fiscal year.

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.