PRA Group (NASDAQ:PRAA) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

PRA Group (NASDAQ:PRAA) announced its quarterly earnings data on Wednesday. The business services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02, Zacks reports. PRA Group had a net margin of 4.16% and a return on equity of 2.90%.

PRA Group Stock Performance

NASDAQ:PRAA opened at $23.66 on Thursday. The firm has a 50-day simple moving average of $21.61 and a two-hundred day simple moving average of $21.71. The firm has a market cap of $932.91 million, a P/E ratio of 21.51 and a beta of 1.49. PRA Group has a fifty-two week low of $18.64 and a fifty-two week high of $28.64.

Analysts Set New Price Targets

Separately, Truist Financial raised their price objective on shares of PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

PRA Group Company Profile

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.