PROG (NYSE:PRG) Releases Q3 2026 Earnings Guidance

PROG (NYSE:PRG) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 1.000-1.200 for the period, compared to the consensus earnings per share estimate of 1.050. The company issued revenue guidance of $715.0 million-$750.0 million, compared to the consensus revenue estimate of $746.7 million. PROG also updated its FY 2026 guidance to 4.750-5.000 EPS.

PROG Trading Down 1.7%

Shares of PROG stock opened at $42.24 on Friday. The firm has a 50-day simple moving average of $40.98 and a two-hundred day simple moving average of $35.38. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.41 and a current ratio of 4.03. PROG has a fifty-two week low of $25.80 and a fifty-two week high of $47.73. The company has a market cap of $1.69 billion, a P/E ratio of 11.63 and a beta of 1.78.

PROG (NYSE:PRG) last announced its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.24. The firm had revenue of $719.72 million during the quarter, compared to analyst estimates of $713.50 million. PROG had a return on equity of 21.88% and a net margin of 5.57%.PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, equities analysts predict that PROG will post 4.7 earnings per share for the current fiscal year.

PROG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. PROG’s dividend payout ratio (DPR) is 15.47%.

Analysts Set New Price Targets

Several brokerages recently commented on PRG. Weiss Ratings raised shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Raymond James Financial reissued an “outperform” rating and set a $45.00 target price on shares of PROG in a research note on Thursday, April 30th. KeyCorp upped their price target on shares of PROG from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday. B. Riley Financial raised their price target on shares of PROG from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Zacks Research cut PROG from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, PROG currently has an average rating of “Moderate Buy” and an average price target of $49.44.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in PROG by 436.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after purchasing an additional 1,483,751 shares during the period. First Trust Advisors LP increased its position in shares of PROG by 451.1% during the third quarter. First Trust Advisors LP now owns 702,781 shares of the fintech holding company’s stock valued at $22,742,000 after acquiring an additional 575,255 shares during the last quarter. UBS Group AG lifted its holdings in shares of PROG by 102.4% in the 3rd quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock worth $26,654,000 after acquiring an additional 416,658 shares during the last quarter. Millennium Management LLC lifted its stake in PROG by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock worth $17,913,000 after purchasing an additional 259,630 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of PROG by 125.3% in the third quarter. Two Sigma Investments LP now owns 201,701 shares of the fintech holding company’s stock valued at $6,527,000 after buying an additional 112,163 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.