PROG (NYSE:PRG – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.850-3.100 for the period, compared to the consensus earnings per share estimate of 2.860. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion. PROG also updated its FY24 guidance to $2.85-3.10 EPS.
PROG Stock Down 2.6 %
NYSE PRG opened at $34.02 on Friday. The business’s fifty day simple moving average is $32.36 and its 200-day simple moving average is $30.72. The company has a quick ratio of 1.49, a current ratio of 3.91 and a debt-to-equity ratio of 1.01. The firm has a market cap of $1.49 billion, a PE ratio of 13.87 and a beta of 2.08. PROG has a 52 week low of $26.39 and a 52 week high of $44.81.
PROG (NYSE:PRG – Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $641.87 million during the quarter, compared to the consensus estimate of $632.24 million. PROG had a return on equity of 26.67% and a net margin of 4.71%. As a group, equities analysts anticipate that PROG will post 3 earnings per share for the current year.
PROG Announces Dividend
Wall Street Analysts Forecast Growth
Several research firms have weighed in on PRG. Stephens raised PROG from an equal weight rating to an overweight rating in a research report on Tuesday, January 2nd. Loop Capital boosted their price objective on PROG from $31.00 to $35.00 and gave the stock a hold rating in a research report on Thursday. Finally, TD Cowen boosted their price objective on PROG from $38.00 to $40.00 and gave the stock a buy rating in a research report on Thursday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $39.60.
View Our Latest Report on PROG
About PROG
PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.
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