PRA Group (NASDAQ:PRAA) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

PRA Group (NASDAQ:PRAA) released its earnings results on Wednesday. The business services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02, Zacks reports. PRA Group had a net margin of 6.33% and a return on equity of 5.13%. The business had revenue of $293.23 million during the quarter, compared to analysts’ expectations of $275.81 million.

PRA Group Price Performance

Shares of PRAA traded down $0.39 during trading hours on Friday, hitting $22.29. The stock had a trading volume of 47,105 shares, compared to its average volume of 218,051. The stock has a market capitalization of $878.70 million, a price-to-earnings ratio of 12.45 and a beta of 1.49. The company’s fifty day moving average is $21.64 and its two-hundred day moving average is $21.72. PRA Group has a 52 week low of $18.64 and a 52 week high of $28.64.

Wall Street Analyst Weigh In

Separately, Truist Financial lifted their price objective on PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

About PRA Group

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.