PRA Group (NASDAQ:PRAA) Releases Earnings Results, Beats Expectations By $0.37 EPS

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

PRA Group Stock Up 0.6 %

Shares of PRA Group stock traded up $0.15 during trading on Thursday, reaching $24.87. 49,110 shares of the company were exchanged, compared to its average volume of 209,180. PRA Group has a twelve month low of $15.63 and a twelve month high of $31.43. The business has a 50-day moving average price of $21.40 and a 200-day moving average price of $22.04. The firm has a market capitalization of $980.38 million, a price-to-earnings ratio of 22.47 and a beta of 1.50.

Wall Street Analyst Weigh In

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

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.