PROG (NYSE:PRG) Updates FY25 Earnings Guidance

PROG (NYSE:PRG) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.10-3.50 for the period, compared to the consensus earnings per share 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 Price Performance

PROG stock traded down $11.94 on Wednesday, reaching $30.76. The company’s stock had a trading volume of 2,253,159 shares, compared to its average volume of 401,131. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.34 and a current ratio of 4.97. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 8.52 and a beta of 2.18. The business’s fifty day moving average price is $42.74 and its 200 day moving average price is $45.08. PROG has a twelve month low of $27.84 and a twelve month high of $50.28.

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

Analysts Set New Price Targets

PRG has been the topic of several research reports. Stephens reaffirmed an “overweight” rating and set a $60.00 price target on shares of PROG in a research note on Thursday, January 2nd. TD Cowen raised PROG to a “strong-buy” rating in a research note on Friday, November 29th. Finally, Raymond James raised PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, October 24th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.