PRA Group, Inc. to Post Q4 2017 Earnings of $0.38 Per Share, First Analysis Forecasts (PRAA)
PRA Group, Inc. (NASDAQ:PRAA) – First Analysis cut their Q4 2017 earnings estimates for shares of PRA Group in a research report issued on Friday. First Analysis analyst L. Berlin now expects that the business services provider will earn $0.38 per share for the quarter, down from their prior forecast of $0.41. First Analysis also issued estimates for PRA Group’s Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.38 EPS and Q3 2018 earnings at $0.44 EPS.
PRA Group (NASDAQ:PRAA) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). PRA Group had a net margin of 7.57% and a return on equity of 2.98%. The firm had revenue of $201.00 million for the quarter, compared to analysts’ expectations of $196.96 million. During the same period last year, the firm posted $0.68 EPS. PRA Group’s revenue was down 9.5% on a year-over-year basis.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research raised PRA Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Janney Montgomery Scott raised PRA Group from a “sell” rating to a “neutral” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods downgraded PRA Group from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $36.00 to $40.00 in a research report on Tuesday, October 10th. Raymond James Financial reaffirmed an “underperform” rating on shares of PRA Group in a research report on Thursday, September 21st. Finally, Citigroup downgraded PRA Group to an “underperform” rating in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.00.
Shares of PRA Group (NASDAQ:PRAA) opened at $35.30 on Monday. PRA Group has a 1 year low of $25.72 and a 1 year high of $42.70. The stock has a market capitalization of $1,571.88, a PE ratio of 54.38 and a beta of 1.59.
Several large investors have recently added to or reduced their stakes in the stock. Turtle Creek Asset Management Inc. raised its stake in PRA Group by 35.7% during the third quarter. Turtle Creek Asset Management Inc. now owns 5,955,965 shares of the business services provider’s stock valued at $170,638,000 after buying an additional 1,566,430 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in PRA Group during the third quarter valued at approximately $18,167,000. Investment Counselors of Maryland LLC raised its stake in PRA Group by 376.4% during the third quarter. Investment Counselors of Maryland LLC now owns 617,790 shares of the business services provider’s stock valued at $17,700,000 after buying an additional 488,114 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PRA Group by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,744,664 shares of the business services provider’s stock valued at $66,123,000 after buying an additional 218,409 shares in the last quarter. Finally, GMT Capital Corp bought a new position in shares of PRA Group during the second quarter valued at approximately $6,103,000.
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About PRA Group
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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