PROG (NYSE:PRG) Updates FY 2026 Earnings Guidance

PROG (NYSE:PRG) updated its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.750-5.000 for the period, compared to the consensus earnings per share estimate of 4.660. The company issued revenue guidance of $3.0 billion-$3.1 billion, compared to the consensus revenue estimate of $3.0 billion. PROG also updated its Q3 2026 guidance to 1.000-1.200 EPS.

PROG Stock Up 4.1%

NYSE:PRG opened at $45.07 on Wednesday. The business’s fifty day moving average price is $40.61 and its 200 day moving average price is $35.22. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 12.31 and a beta of 1.78. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21. PROG has a 1-year low of $25.80 and a 1-year high of $47.73.

PROG (NYSE:PRG) last issued its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.24. The company had revenue of $719.72 million for the quarter, compared to the consensus estimate of $713.50 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. On average, sell-side analysts forecast that PROG will post 4.7 earnings per share for the current fiscal year.

PROG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. PROG’s dividend payout ratio is 15.30%.

Analyst Upgrades and Downgrades

PRG has been the subject of a number of research reports. Zacks Research cut PROG from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Raymond James Financial reissued an “outperform” rating and issued a $45.00 price target on shares of PROG in a research note on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Stephens boosted their target price on shares of PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, TD Cowen raised their price target on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, PROG currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.36.

Institutional Investors Weigh In On PROG

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of PROG by 23.4% during the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company’s stock worth $955,000 after buying an additional 6,807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of PROG by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company’s stock valued at $648,000 after buying an additional 1,162 shares during the period. Millennium Management LLC grew its position in PROG by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock worth $17,913,000 after buying an additional 259,630 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in PROG by 5.4% during the first quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the fintech holding company’s stock worth $8,342,000 after purchasing an additional 16,126 shares during the period. Finally, Caxton Associates LLP acquired a new position in PROG during the first quarter valued at approximately $233,000. 97.92% of the stock is owned by institutional investors.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.