PROG (NYSE:PRG) Issues Q3 2026 Earnings Guidance

PROG (NYSE:PRG) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.000-1.200 for the period, compared to the consensus earnings per share estimate of 1.050. The company issued revenue guidance of $715.0 million-$750.0 million, compared to the consensus revenue estimate of $746.7 million. PROG also updated its FY 2026 guidance to 4.750-5.000 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PRG shares. TD Cowen lifted their price objective on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Jefferies Financial Group upgraded PROG from a “hold” rating to a “buy” rating and lifted their price target for the company from $33.00 to $60.00 in a research report on Wednesday, July 8th. Wall Street Zen cut PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Zacks Research lowered PROG from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $45.00 price target on shares of PROG in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, PROG has a consensus rating of “Moderate Buy” and an average target price of $47.36.

PROG Stock Up 4.1%

Shares of NYSE:PRG opened at $45.07 on Wednesday. PROG has a 52-week low of $25.80 and a 52-week high of $47.73. The firm has a fifty day moving average of $40.61 and a 200 day moving average of $35.22. The firm has a market capitalization of $1.81 billion, a PE ratio of 12.31 and a beta of 1.78. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.41 and a current ratio of 4.27.

PROG (NYSE:PRG) last released its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.78 by $0.46. PROG had a net margin of 5.88% and a return on equity of 21.94%. The company had revenue of $742.67 million for the quarter, compared to analyst estimates of $732.70 million. During the same quarter last year, the firm earned $0.90 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts anticipate that PROG will post 4.7 EPS for the current fiscal year.

PROG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.56 annualized dividend and a yield of 1.2%. PROG’s dividend payout ratio is presently 15.30%.

Hedge Funds Weigh In On PROG

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in PROG by 436.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after acquiring an additional 1,483,751 shares during the period. First Trust Advisors LP boosted its position in PROG by 451.1% during the 3rd quarter. First Trust Advisors LP now owns 702,781 shares of the fintech holding company’s stock valued at $22,742,000 after acquiring an additional 575,255 shares in the last quarter. UBS Group AG grew its holdings in shares of PROG by 102.4% during the 3rd quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock worth $26,654,000 after acquiring an additional 416,658 shares during the period. Millennium Management LLC boosted its holdings in shares of PROG by 62.7% during the 1st quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock valued at $17,913,000 after buying an additional 259,630 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of PROG by 125.3% in the 3rd quarter. Two Sigma Investments LP now owns 201,701 shares of the fintech holding company’s stock worth $6,527,000 after buying an additional 112,163 shares during the period. Institutional investors own 97.92% of the company’s stock.

About PROG

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.