PRA Group (NASDAQ:PRAA) Issues Earnings Results, Beats Expectations By $0.02 EPS

PRA Group (NASDAQ:PRAA) released its quarterly earnings results on Wednesday. The business services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02, Zacks reports. PRA Group had a net margin of 4.16% and a return on equity of 2.90%.

PRA Group Stock Down 1.2 %

Shares of NASDAQ PRAA traded down $0.29 during trading on Wednesday, hitting $23.66. The company had a trading volume of 348,228 shares, compared to its average volume of 211,943. The firm has a market capitalization of $932.91 million, a price-to-earnings ratio of 21.51 and a beta of 1.49. The stock has a fifty day simple moving average of $21.57 and a two-hundred day simple moving average of $21.70. PRA Group has a fifty-two week low of $18.64 and a fifty-two week high of $28.64.

Analysts Set New Price Targets

Separately, Truist Financial boosted their price objective on PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a research 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.