PRA Group (NASDAQ:PRAA – Get Free Report) released its quarterly earnings results on Wednesday. The business services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02, Zacks reports. PRA Group had a return on equity of 2.90% and a net margin of 4.16%.
PRA Group Price Performance
Shares of PRAA stock traded down $0.29 during midday trading on Wednesday, hitting $23.66. The company had a trading volume of 345,479 shares, compared to its average volume of 211,853. The company’s 50 day simple moving average is $21.57 and its 200 day simple moving average is $21.70. PRA Group has a 52-week low of $18.64 and a 52-week high of $28.64. The stock has a market cap of $932.91 million, a price-to-earnings ratio of 21.51 and a beta of 1.49.
Wall Street Analyst Weigh In
Separately, Truist Financial lifted their price target on PRA Group from $28.00 to $31.00 and gave the stock 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.
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