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 earnings per share guidance of 0.800-0.850 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PRG shares. Raymond James upgraded shares of PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a report on Thursday, October 24th. Stephens reissued an “overweight” rating and issued a $60.00 price target on shares of PROG in a research note on Thursday, January 2nd. Finally, TD Cowen upgraded PROG to a “strong-buy” rating in a research report on Friday, November 29th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $53.83.

PROG Trading Up 1.0 %

PROG stock traded up $0.29 during trading hours on Friday, reaching $29.51. 52,466 shares of the company’s stock were exchanged, compared to its average volume of 424,166. The firm’s 50 day simple moving average is $42.03 and its 200 day simple moving average is $44.87. PROG has a twelve month low of $27.84 and a twelve month high of $50.28. The company has a quick ratio of 2.34, a current ratio of 5.24 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $1.23 billion, a PE ratio of 6.53 and a beta of 2.18.

PROG (NYSE:PRG) last released its earnings results on Wednesday, February 19th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. PROG had a return on equity of 24.25% and a net margin of 8.01%. The business had revenue of $623.30 million during the quarter, compared to analysts’ expectations of $612.67 million. During the same quarter last year, the firm posted $0.72 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Research analysts predict that PROG will post 3.84 earnings per share for the current year.

PROG Company Profile

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.