Wall Street brokerages expect Pra Group Inc (NASDAQ:PRAA) to post $228.68 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Pra Group’s earnings, with the highest sales estimate coming in at $234.89 million and the lowest estimate coming in at $225.22 million. Pra Group reported sales of $205.67 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.2%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that Pra Group will report full-year sales of $888.15 million for the current fiscal year, with estimates ranging from $884.69 million to $894.36 million. For the next fiscal year, analysts anticipate that the firm will post sales of $957.21 million, with estimates ranging from $930.28 million to $979.61 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Pra Group.

Pra Group (NASDAQ:PRAA) last issued its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.13). Pra Group had a return on equity of 5.80% and a net margin of 15.69%. The company had revenue of $225.90 million for the quarter, compared to the consensus estimate of $223.81 million. During the same quarter last year, the business earned $0.34 earnings per share. Pra Group’s revenue was up 10.5% compared to the same quarter last year.

PRAA has been the subject of several recent analyst reports. Zacks Investment Research raised Pra Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Oppenheimer reaffirmed a “hold” rating on shares of Pra Group in a research note on Friday, November 9th. BidaskClub cut Pra Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. ValuEngine cut Pra Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Buckingham Research initiated coverage on Pra Group in a research note on Thursday, January 3rd. They set a “neutral” rating for the company. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $35.00.

NASDAQ PRAA traded up $0.34 during trading hours on Friday, hitting $28.48. 226,100 shares of the company’s stock were exchanged, compared to its average volume of 297,337. Pra Group has a 1-year low of $22.62 and a 1-year high of $43.75. The stock has a market capitalization of $1.27 billion, a P/E ratio of 21.40 and a beta of 1.71.

Several hedge funds have recently bought and sold shares of PRAA. First Trust Advisors LP lifted its holdings in shares of Pra Group by 110.2% in the second quarter. First Trust Advisors LP now owns 50,930 shares of the business services provider’s stock valued at $1,963,000 after purchasing an additional 26,703 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Pra Group by 388.8% during the second quarter. SG Americas Securities LLC now owns 16,917 shares of the business services provider’s stock worth $652,000 after acquiring an additional 13,456 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Pra Group by 8.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 392,278 shares of the business services provider’s stock worth $15,123,000 after acquiring an additional 29,819 shares during the period. GAM Holding AG bought a new stake in Pra Group during the second quarter worth $214,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Pra Group by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,546,159 shares of the business services provider’s stock worth $98,155,000 after acquiring an additional 180,276 shares during the period.

About Pra Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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