PROG (NYSE:PRG) Releases FY 2025 Earnings Guidance

PROG (NYSE:PRG - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.100-3.500 for the period, compared to the consensus earnings per share estimate of 3.880. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. PROG also updated its FY25 guidance to $3.10-3.50 EPS.

Analysts Set New Price Targets

PRG has been the subject of a number of research analyst reports. Stephens restated an "overweight" rating and set a $60.00 price objective on shares of PROG in a report on Thursday, January 2nd. TD Cowen upgraded PROG to a "strong-buy" rating in a report on Friday, November 29th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $53.83.

PROG Stock Performance

Shares of NYSE:PRG traded up $0.17 during trading on Friday, reaching $29.39. 1,170,904 shares of the stock were exchanged, compared to its average volume of 490,631. The company has a current ratio of 5.24, a quick ratio of 2.34 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.22 billion, a PE ratio of 6.47 and a beta of 2.18. The stock has a 50-day moving average price of $41.74 and a 200-day moving average price of $44.82. PROG has a 12 month low of $27.84 and a 12 month high of $50.28.

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PROG (NYSE:PRG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $623.30 million during the quarter, compared to analysts' expectations of $612.67 million. PROG had a return on equity of 24.25% and a net margin of 8.01%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share. Research analysts expect that PROG will post 3.45 EPS for the current fiscal 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.