Pra Group Inc (NASDAQ:PRAA) – Equities researchers at Oppenheimer issued their Q4 2017 earnings estimates for Pra Group in a research report issued to clients and investors on Monday. Oppenheimer analyst B. Chittenden forecasts that the business services provider will post earnings of $0.36 per share for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Pra Group’s Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.56 EPS, FY2018 earnings at $2.12 EPS and FY2019 earnings at $2.86 EPS.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Pra Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. UBS Group assumed coverage on shares of Pra Group in a research note on Monday, January 8th. They issued a “market perform” rating on the stock. Janney Montgomery Scott raised shares of Pra Group from a “sell” rating to a “neutral” rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods cut shares of Pra Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $36.00 to $40.00 in a research note on Tuesday, October 10th. Finally, Raymond James Financial reissued an “underperform” rating on shares of Pra Group in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $40.00.
Pra Group (NASDAQ:PRAA) opened at $35.40 on Thursday. Pra Group has a 12 month low of $25.72 and a 12 month high of $42.70. The firm has a market cap of $1,601.24, a price-to-earnings ratio of 55.39 and a beta of 1.60.
Pra Group (NASDAQ:PRAA) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). Pra Group had a return on equity of 2.98% and a net margin of 7.57%. The company had revenue of $201.00 million for the quarter, compared to analyst estimates of $196.96 million. During the same period last year, the company earned $0.68 earnings per share. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year.
In related news, Director Penelope W. Kyle sold 1,975 shares of the stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $33.45, for a total value of $66,063.75. Following the sale, the director now directly owns 36,425 shares of the company’s stock, valued at approximately $1,218,416.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Pra Group by 12.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 304 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Pra Group by 10.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 305 shares during the last quarter. Zions Bancorporation acquired a new stake in Pra Group in the 3rd quarter valued at about $121,000. SG Americas Securities LLC acquired a new stake in shares of Pra Group during the 3rd quarter worth about $189,000. Finally, Advisor Group Inc. boosted its stake in shares of Pra Group by 3.5% during the 2nd quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock worth $221,000 after purchasing an additional 196 shares during the last quarter.
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Pra Group Company Profile
PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.
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