PRA Group (NASDAQ:PRAA) Earns News Impact Score of 0.42
Press coverage about PRA Group (NASDAQ:PRAA) has trended positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PRA Group earned a media sentiment score of 0.42 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.0175301991295 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several equities analysts recently issued reports on PRAA shares. Zacks Investment Research upgraded shares of PRA Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub cut shares of PRA Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods started coverage on shares of PRA Group in a research report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.00.
PRA Group (NASDAQ:PRAA) opened at 38.70 on Monday. The company’s 50 day moving average is $38.01 and its 200 day moving average is $36.35. PRA Group has a 12 month low of $23.15 and a 12 month high of $42.70. The stock has a market cap of $1.80 billion, a PE ratio of 17.81 and a beta of 1.49.
PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.06. PRA Group had a net margin of 12.47% and a return on equity of 7.57%. The company had revenue of $206.56 million for the quarter, compared to the consensus estimate of $198.48 million. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, analysts anticipate that PRA Group will post $2.05 EPS for the current fiscal year.
In related news, Director Geir Olsen acquired 142,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average price of $34.55 per share, for a total transaction of $4,906,100.00. Following the acquisition, the director now directly owns 27,162 shares of the company’s stock, valued at approximately $938,447.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.
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About PRA Group
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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