PROG (NYSE:PRG) Releases FY 2025 Earnings Guidance

PROG (NYSE:PRG) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.100-3.500 for the period, compared to the consensus estimate of 3.880. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. PROG also updated its FY25 guidance to $3.10-3.50 EPS.

PROG Trading Up 1.0 %

Shares of NYSE PRG traded up $0.29 during midday trading on Friday, hitting $29.51. 52,466 shares of the company traded hands, compared to its average volume of 424,166. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.34 and a current ratio of 5.24. PROG has a 12-month low of $27.84 and a 12-month high of $50.28. The stock has a 50-day moving average price of $42.03 and a 200 day moving average price of $44.87. The firm has a market cap of $1.23 billion, a P/E ratio of 6.53 and a beta of 2.18.

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

Analyst Upgrades and Downgrades

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