PROG (NYSE:PRG – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.850-3.100 for the period, compared to the consensus earnings per share estimate of 2.860. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion. PROG also updated its FY24 guidance to $2.85-3.10 EPS.
Analyst Ratings Changes
Several brokerages have recently weighed in on PRG. TD Cowen began coverage on shares of PROG in a research note on Friday, March 8th. They issued an outperform rating and a $37.00 price objective on the stock. Stephens upgraded shares of PROG from an equal weight rating to an overweight rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, PROG presently has a consensus rating of Moderate Buy and an average target price of $39.60.
View Our Latest Stock Report on PROG
PROG Price Performance
PROG (NYSE:PRG – Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. PROG had a net margin of 5.77% and a return on equity of 28.83%. The business had revenue of $641.87 million during the quarter, compared to analyst estimates of $632.24 million. On average, equities analysts forecast that PROG will post 2.83 EPS for the current year.
PROG Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Wednesday, March 13th. PROG’s dividend payout ratio (DPR) is presently 16.22%.
About PROG
PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.
Recommended Stories
- Five stocks we like better than PROG
- 10 Best Airline Stocks to Buy
- Hasbro’s Management Made All the Right Calls This Quarter
- Compound Interest and Why It Matters When Investing
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- 5 Top Rated Dividend Stocks to Consider
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for PROG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROG and related companies with MarketBeat.com's FREE daily email newsletter.