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

PRA Group (NASDAQ:PRAA - Get Free Report) released its earnings results on Wednesday. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $293.23 million during the quarter, compared to analyst estimates of $275.81 million.

PRA Group Stock Down 0.4 %

PRAA traded down $0.10 on Friday, reaching $22.57. 344,748 shares of the company traded hands, compared to its average volume of 226,843. PRA Group has a one year low of $18.64 and a one year high of $28.64. The firm has a fifty day simple moving average of $21.67 and a two-hundred day simple moving average of $21.71. The company has a market cap of $889.94 million, a P/E ratio of 12.61 and a beta of 1.49.

Wall Street Analyst Weigh In

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

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.