PROG (NYSE:PRG) Releases Earnings Results, Beats Estimates By $0.03 EPS

PROG (NYSE:PRG) posted its earnings results on Wednesday. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03, Zacks reports. PROG had a net margin of 6.55% and a return on equity of 24.56%. PROG updated its Q1 2025 guidance to 0.800-0.850 EPS and its FY 2025 guidance to 3.100-3.500 EPS.

PROG Trading Down 0.2 %

PRG opened at $42.73 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.34 and a current ratio of 4.97. The stock’s 50 day moving average price is $42.74 and its 200-day moving average price is $45.08. PROG has a one year low of $27.84 and a one year high of $50.28. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 11.84 and a beta of 2.18.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PRG shares. TD Cowen raised shares of PROG to a “strong-buy” rating in a research note on Friday, November 29th. Raymond James upgraded PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Thursday, October 24th. Finally, Stephens reissued an “overweight” rating and set a $60.00 target price on shares of PROG in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, PROG presently has an average rating of “Buy” and an average target price of $53.83.

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.