PROG (NYSE:PRG) Updates Q1 2025 Earnings Guidance

PROG (NYSE:PRG) updated its first quarter 2025 earnings guidance on Wednesday. The company provided EPS guidance of 0.800-0.850 for the period, compared to the consensus EPS estimate of 0.990. The company issued revenue guidance of $665.0 million-$685.0 million, compared to the consensus revenue estimate of $682.2 million. PROG also updated its FY 2025 guidance to 3.100-3.500 EPS.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PRG. Raymond James raised PROG from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Thursday, October 24th. TD Cowen raised PROG to a “strong-buy” rating in a research report on Friday, November 29th. Finally, Stephens reaffirmed an “overweight” rating and set a $60.00 target price on shares of PROG in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $53.83.

PROG Stock Down 0.2 %

PROG stock traded down $0.08 during midday trading on Thursday, hitting $30.50. The stock had a trading volume of 99,237 shares, compared to its average volume of 391,095. The company has a current ratio of 4.97, a quick ratio of 2.34 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average price of $42.39 and a 200 day moving average price of $44.98. PROG has a 12 month low of $27.84 and a 12 month high of $50.28. The stock has a market cap of $1.27 billion, a P/E ratio of 8.47 and a beta of 2.18.

PROG (NYSE:PRG) last issued its earnings results on Wednesday, February 19th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. PROG had a return on equity of 24.56% and a net margin of 6.55%. The company had revenue of $623.30 million during the quarter, compared to the consensus estimate of $612.67 million. During the same period in the previous year, the firm posted $0.72 earnings per share. PROG’s quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts predict that PROG will post 3.36 EPS for the current year.

PROG Company Profile

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.