PRA Group (PRAA) Getting Positive News Coverage, Analysis Finds
Media stories about PRA Group (NASDAQ:PRAA) have been trending positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PRA Group earned a news impact score of 0.34 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 47.7405994812911 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- PRA Group, Inc. Expected to Earn FY2017 Earnings of $1.50 Per Share (NASDAQ:PRAA) (americanbankingnews.com)
- PRA Group's (PRAA) Q2 Earnings & Revenues Miss Estimates (finance.yahoo.com)
- See what the IHS Markit Score report has to say about PRA Group Inc. (finance.yahoo.com)
- PRA Group, Inc. breached its 50 day moving average in a Bearish Manner : PRAA-US : August 10, 2017 (finance.yahoo.com)
- PRA Group, Inc. Forecasted to Earn Q4 2017 Earnings of $0.43 Per Share (NASDAQ:PRAA) (americanbankingnews.com)
PRA Group (NASDAQ PRAA) traded down 3.16% during mid-day trading on Friday, hitting $32.15. 784,901 shares of the stock were exchanged. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 19.60 and a beta of 1.49. The company’s 50-day moving average price is $38.14 and its 200 day moving average price is $36.31. PRA Group has a 52 week low of $23.15 and a 52 week high of $42.70.
PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.48 by $0.23. The firm had revenue of $200.30 million for the quarter, compared to the consensus estimate of $208.97 million. PRA Group had a net margin of 9.76% and a return on equity of 4.69%. The business’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 earnings per share. Equities research analysts expect that PRA Group will post $2.37 EPS for the current year.
Several research firms have issued reports on PRAA. BidaskClub upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods began coverage on shares of PRA Group in a research report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 price target for the company. Finally, Zacks Investment Research lowered shares of PRA Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.00.
In related news, Director Geir Olsen acquired 142,000 shares of the stock in a transaction on Tuesday, May 23rd. The stock was bought at an average cost of $34.55 per share, with a total value of $4,906,100.00. Following the transaction, the director now directly owns 27,162 shares in the company, valued at $938,447.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by insiders.
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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