PROG (NYSE:PRG) Updates Q1 2025 Earnings Guidance

PROG (NYSE:PRG - Get Free Report) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.800-0.850 for the period, compared to the consensus 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

Several analysts have issued reports on PRG shares. TD Cowen raised PROG to a "strong-buy" rating in a research note on Friday, November 29th. Stephens reissued an "overweight" rating and issued a $60.00 price target on shares of PROG in a research note on Thursday, January 2nd. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, PROG currently has an average rating of "Buy" and a consensus price target of $53.83.

PROG Stock Up 0.6 %

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

Remove Ads

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

About PROG

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.