PROG (NYSE:PRG) Updates Q1 2025 Earnings Guidance

PROG (NYSE:PRG) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.800-0.850 for the period, compared to the consensus EPS 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.

PROG Stock Performance

Shares of NYSE PRG traded down $0.08 during midday trading on Thursday, hitting $30.50. 99,237 shares of the company’s stock were exchanged, compared to its average volume of 391,095. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.97 and a quick ratio of 2.34. The stock’s 50 day moving average price is $42.39 and its 200-day moving average price is $44.98. The firm has a market cap of $1.27 billion, a P/E ratio of 8.47 and a beta of 2.18. PROG has a twelve month low of $27.84 and a twelve month high of $50.28.

PROG (NYSE:PRG) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $623.30 million during the quarter, compared to the consensus estimate of $612.67 million. PROG had a return on equity of 24.56% and a net margin of 6.55%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Equities research analysts anticipate that PROG will post 3.36 EPS for the current year.

Wall Street Analyst Weigh In

PRG has been the subject of several analyst reports. Raymond James upgraded PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Thursday, October 24th. TD Cowen upgraded PROG to a “strong-buy” rating in a research report on Friday, November 29th. Finally, Stephens restated an “overweight” rating and issued a $60.00 target price on shares of PROG in a research report on Thursday, January 2nd. One investment 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 data from MarketBeat, PROG has an average rating of “Buy” and an average 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.