PROG (NYSE:PRG) Releases FY25 Earnings Guidance

PROG (NYSE:PRG - Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.10-3.50 for the period, compared to the consensus estimate of $3.88. The company issued revenue guidance of $2.52-2.59 billion, compared to the consensus revenue estimate of $2.62 billion. PROG also updated its FY 2025 guidance to 3.100-3.500 EPS.

PROG Stock Performance

Shares of NYSE:PRG traded up $0.17 during trading on Friday, hitting $29.39. 1,170,904 shares of the stock were exchanged, compared to its average volume of 490,631. PROG has a 1-year low of $27.84 and a 1-year high of $50.28. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 6.47 and a beta of 2.18. The company's fifty day simple moving average is $41.74 and its 200-day simple moving average is $44.85. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.34 and a current ratio of 5.24.

PROG (NYSE:PRG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $623.30 million for the quarter, compared to analyst estimates 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 firm earned $0.72 EPS. Sell-side analysts expect that PROG will post 3.45 EPS for the current fiscal year.

Remove Ads

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stephens restated an "overweight" rating and set a $60.00 target price on shares of PROG in a research report on Thursday, January 2nd. TD Cowen upgraded PROG to a "strong-buy" rating in a research 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 company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $53.83.

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.