Q1 2018 Earnings Forecast for PRA Group, Inc. Issued By William Blair (PRAA)
PRA Group, Inc. (NASDAQ:PRAA) – Analysts at William Blair cut their Q1 2018 earnings per share estimates for shares of PRA Group in a note issued to investors on Thursday. William Blair analyst R. Napoli now forecasts that the business services provider will post earnings of $0.38 per share for the quarter, down from their previous estimate of $0.40. William Blair also issued estimates for PRA Group’s Q2 2018 earnings at $0.42 EPS.
PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). PRA Group had a net margin of 7.57% and a return on equity of 3.05%. The firm had revenue of $201.00 million during the quarter, compared to analyst estimates of $196.96 million. During the same quarter in the previous year, the business posted $0.68 EPS. PRA Group’s revenue for the quarter was down 9.5% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “Q1 2018 Earnings Forecast for PRA Group, Inc. Issued By William Blair (PRAA)” was first reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/q1-2018-earnings-forecast-for-pra-group-inc-issued-by-william-blair-praa/1693780.html.
Other equities research analysts have also issued research reports about the stock. Janney Montgomery Scott upgraded shares of PRA Group from a “sell” rating to a “neutral” rating in a research note on Thursday. BidaskClub lowered shares of PRA Group from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research lowered shares of PRA Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Citigroup Inc. lowered shares of PRA Group to an “underperform” rating in a research note on Thursday, September 21st. Finally, Keefe, Bruyette & Woods lowered shares of PRA Group from an “outperform” rating to a “market perform” rating and raised their price target for the company from $36.00 to $40.00 in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $40.00.
Shares of PRA Group (PRAA) traded down $0.57 during trading hours on Friday, hitting $33.73. 533,276 shares of the company’s stock traded hands, compared to its average volume of 488,284. PRA Group has a 12 month low of $25.72 and a 12 month high of $42.70. The firm has a market capitalization of $1,260.17, a price-to-earnings ratio of 43.59 and a beta of 1.51.
Several institutional investors have recently bought and sold shares of PRAA. UBS Asset Management Americas Inc. boosted its holdings in shares of PRA Group by 18.0% in the first quarter. UBS Asset Management Americas Inc. now owns 24,473 shares of the business services provider’s stock valued at $811,000 after acquiring an additional 3,731 shares in the last quarter. Teachers Advisors LLC boosted its holdings in PRA Group by 5.9% during the first quarter. Teachers Advisors LLC now owns 80,838 shares of the business services provider’s stock worth $2,680,000 after buying an additional 4,511 shares in the last quarter. Vanguard Group Inc. boosted its holdings in PRA Group by 9.4% during the first quarter. Vanguard Group Inc. now owns 4,186,390 shares of the business services provider’s stock worth $138,779,000 after buying an additional 360,823 shares in the last quarter. Geode Capital Management LLC boosted its holdings in PRA Group by 6.1% during the first quarter. Geode Capital Management LLC now owns 383,914 shares of the business services provider’s stock worth $12,726,000 after buying an additional 22,234 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in PRA Group by 16.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,526,255 shares of the business services provider’s stock worth $50,595,000 after buying an additional 215,028 shares in the last quarter.
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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