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

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

PRA Group Trading Up 3.7 %

NASDAQ PRAA traded up $0.89 during mid-day trading on Wednesday, reaching $24.72. 517,854 shares of the company’s stock traded hands, compared to its average volume of 209,981. PRA Group has a 1-year low of $15.63 and a 1-year high of $31.43. The company has a market cap of $974.46 million, a price-to-earnings ratio of 22.47 and a beta of 1.50. The company has a fifty day simple moving average of $21.36 and a 200-day simple moving average of $22.02.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PRAA. Truist Financial upped their price objective on PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday. StockNews.com upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

About PRA Group

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.