PROG (NYSE:PRG) Issues Q1 2025 Earnings Guidance

PROG (NYSE:PRG) updated its first quarter 2025 earnings guidance on Wednesday. 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.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Cowen raised PROG to a “strong-buy” rating in a report on Friday, November 29th. Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of PROG in a report on Thursday, January 2nd. Finally, Raymond James raised PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $53.83.

PROG Price Performance

PROG stock opened at $42.73 on Wednesday. PROG has a one year low of $27.84 and a one year high of $50.28. The business has a fifty day moving average price of $42.74 and a 200-day moving average price of $45.08. 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 firm has a market capitalization of $1.78 billion, a P/E ratio of 11.84 and a beta of 2.18.

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 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%. As a group, equities research analysts forecast that PROG will post 3.36 EPS for the current year.

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.