PRA Group (NASDAQ:PRAA) Announces Earnings Results

PRA Group (NASDAQ:PRAA) announced its quarterly earnings data on Monday. The business services provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.24, Briefing.com reports. The business had revenue of $255.59 million for the quarter, compared to analysts’ expectations of $233.37 million. PRA Group had a negative net margin of 10.40% and a negative return on equity of 6.82%. The business’s revenue was up 64.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.50) earnings per share.

PRA Group Stock Down 1.1 %

NASDAQ:PRAA opened at $25.04 on Wednesday. The company’s 50 day moving average price is $24.73 and its 200-day moving average price is $22.56. PRA Group has a 52 week low of $11.85 and a 52 week high of $34.89. The stock has a market cap of $985.37 million, a price-to-earnings ratio of -11.76 and a beta of 1.47.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PRAA shares. JMP Securities restated a “market outperform” rating and issued a $33.00 price objective on shares of PRA Group in a report on Tuesday. StockNews.com upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a report on Friday, February 16th.

Insider Activity

In related news, CEO Vikram A. Atal sold 5,830 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $24.39, for a total transaction of $142,193.70. Following the transaction, the chief executive officer now owns 155,625 shares in the company, valued at $3,795,693.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

PRA Group Company Profile

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.