Pra Group Inc (NASDAQ:PRAA) – Equities research analysts at Oppenheimer dropped their Q3 2019 earnings estimates for Pra Group in a report issued on Friday, August 9th. Oppenheimer analyst D. Gabriele now anticipates that the business services provider will earn $0.43 per share for the quarter, down from their prior estimate of $0.45.

A number of other research firms also recently issued reports on PRAA. Buckingham Research lifted their target price on Pra Group from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. ValuEngine raised Pra Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, BidaskClub raised Pra Group from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.00.

NASDAQ:PRAA opened at $32.69 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average of $29.28. The firm has a market capitalization of $1.48 billion, a P/E ratio of 22.70 and a beta of 1.64. Pra Group has a 52-week low of $22.62 and a 52-week high of $39.40.

Pra Group (NASDAQ:PRAA) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Pra Group had a return on equity of 5.18% and a net margin of 6.11%. The firm had revenue of $252.06 million for the quarter, compared to the consensus estimate of $245.48 million. During the same quarter last year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis.

Several large investors have recently added to or reduced their stakes in PRAA. US Bancorp DE increased its holdings in shares of Pra Group by 2.5% during the second quarter. US Bancorp DE now owns 56,236 shares of the business services provider’s stock worth $1,583,000 after buying an additional 1,368 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Pra Group by 7.9% during the second quarter. Parametric Portfolio Associates LLC now owns 153,513 shares of the business services provider’s stock worth $4,320,000 after buying an additional 11,175 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Pra Group by 2.2% during the second quarter. Northern Trust Corp now owns 703,259 shares of the business services provider’s stock worth $19,789,000 after buying an additional 15,118 shares in the last quarter. Pitcairn Co. increased its holdings in shares of Pra Group by 11.7% during the second quarter. Pitcairn Co. now owns 15,678 shares of the business services provider’s stock worth $441,000 after buying an additional 1,641 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Pra Group during the second quarter worth $208,000.

About Pra Group

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

Further Reading: Intrinsic Value and Stock Selection

Earnings History and Estimates for Pra Group (NASDAQ:PRAA)

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