PRA Group (NASDAQ:PRAA) Posts Quarterly Earnings Results

PRA Group (NASDAQ:PRAA) announced its quarterly earnings results on Monday. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.37, Briefing.com reports. PRA Group had a net margin of 4.16% and a return on equity of 2.94%. The business had revenue of $281.48 million during the quarter, compared to the consensus estimate of $262.20 million. The business’s revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.31) EPS.

PRA Group Trading Up 3.7 %

Shares of PRAA stock traded up $0.89 during trading hours on Wednesday, hitting $24.72. The company’s stock had a trading volume of 517,854 shares, compared to its average volume of 209,981. PRA Group has a twelve month low of $15.63 and a twelve month high of $31.43. The stock has a market cap of $974.46 million, a price-to-earnings ratio of 22.47 and a beta of 1.50. The business has a fifty day moving average of $21.36 and a 200-day moving average of $22.02.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PRAA shares. Truist Financial increased their target price on shares of PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com raised PRA Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

PRA Group Company Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.