PROG Holdings, Inc. to Post FY2020 Earnings of $3.23 Per Share, Truist Securiti Forecasts (NYSE:PRG)


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PROG Holdings, Inc. (NYSE:PRG) – Investment analysts at Truist Securiti issued their FY2020 EPS estimates for shares of PROG in a research note issued on Monday, January 11th. Truist Securiti analyst M. Young forecasts that the company will earn $3.23 per share for the year. Truist Securiti also issued estimates for PROG’s Q4 2020 earnings at $0.87 EPS, Q1 2021 earnings at $0.78 EPS, Q2 2021 earnings at $0.77 EPS, Q3 2021 earnings at $0.97 EPS, Q4 2021 earnings at $0.92 EPS, FY2021 earnings at $3.44 EPS, Q1 2022 earnings at $0.88 EPS, Q2 2022 earnings at $0.87 EPS, Q3 2022 earnings at $1.09 EPS, Q4 2022 earnings at $1.03 EPS and FY2022 earnings at $3.87 EPS.

A number of other brokerages have also recently weighed in on PRG. Jefferies Financial Group started coverage on shares of PROG in a report on Tuesday, December 1st. They issued a “buy” rating for the company. ValuEngine upgraded shares of PROG from a “sell” rating to a “hold” rating in a report on Tuesday, January 5th. Truist initiated coverage on shares of PROG in a report on Wednesday, December 2nd. They issued a “buy” rating and a $65.00 price objective for the company. Loop Capital initiated coverage on shares of PROG in a report on Wednesday, December 9th. They set a “buy” rating for the company. Finally, KeyCorp initiated coverage on shares of PROG in a report on Wednesday, December 2nd. They set an “overweight” rating and a $65.00 price target for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $61.25.

Shares of PRG stock opened at $55.82 on Wednesday. PROG has a fifty-two week low of $13.01 and a fifty-two week high of $67.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Trust N.A. purchased a new stake in shares of PROG during the 4th quarter worth approximately $258,000. Global Retirement Partners LLC acquired a new stake in PROG during the 4th quarter worth $26,000. First Citizens Bank & Trust Co. purchased a new stake in PROG in the fourth quarter valued at $256,000. Finally, Louisiana State Employees Retirement System acquired a new position in PROG in the fourth quarter valued at $910,000.

PROG Company Profile

PROG Holdings, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates through, Progressive Leasing and Vive. The company offers its lease-purchase solutions to customers for various products in the furniture and appliance, jewelry, mobile phones and accessories, mattress, and automobile electronics and accessories industries.

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Earnings History and Estimates for PROG (NYSE:PRG)

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