PROG (PRG) Projected to Release Quarterly Earnings on Wednesday

Key Points

• PROG is expected to report Q3 2026 results before the market opens on October 28. Analysts forecast earnings of $1.09 per share and revenue of $737.83 million, compared with company guidance of $1.00–$1.20 EPS.
• The company exceeded expectations in its prior quarter, reporting $1.19 EPS and $719.72 million in revenue versus estimates of $0.95 EPS and $713.50 million.
• Analysts maintain a favorable outlook, with seven Buy ratings and three Holds, an average “Moderate Buy” rating, and a consensus price target of $47.81. PROG also pays a quarterly dividend of $0.14, yielding approximately 1.8%.

PROG (NYSE:PRG - Get Free Report) is expected to announce its Q3 2026 results before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $1.09 per share and revenue of $737.83 million for the quarter. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. Parties may visit the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 8:30 AM ET.

PROG (NYSE:PRG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, beating the consensus estimate of $0.95 by $0.24. The firm had revenue of $719.72 million for the quarter, compared to analyst estimates of $713.50 million. PROG had a return on equity of 21.88% and a net margin of 5.57%. On average, analysts expect PROG to post $4.93 EPS for the current fiscal year and $5.52 EPS for the next fiscal year.

PROG Stock Performance

Shares of NYSE PRG opened at $30.89 on Wednesday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 8.53 and a beta of 1.78. The company has a current ratio of 4.03, a quick ratio of 2.29 and a debt-to-equity ratio of 1.10. PROG has a 1-year low of $25.80 and a 1-year high of $47.73. The stock's 50-day moving average is $35.59 and its 200 day moving average is $37.14.

PROG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 18th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.56 annualized dividend and a yield of 1.8%. PROG's dividend payout ratio is currently 15.47%.

Insider Buying and Selling

In other news, CAO George M. Sewell sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total value of $91,060.00. Following the transaction, the chief accounting officer owned 28,385 shares in the company, valued at approximately $1,292,369.05. This trade represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael King sold 1,070 shares of PROG stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total transaction of $49,220.00. Following the completion of the transaction, the insider directly owned 60,825 shares in the company, valued at approximately $2,797,950. The trade was a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 4,000 shares of company stock valued at $183,060. Insiders own 3.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Loop Capital upgraded shares of PROG from a "hold" rating to a "buy" rating and set a $45.00 target price on the stock in a research report on Thursday, October 8th. Weiss Ratings upgraded shares of PROG from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday. KeyCorp upped their price target on shares of PROG from $45.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Zacks Research cut PROG from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Finally, Jefferies Financial Group decreased their price objective on PROG from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PROG currently has an average rating of "Moderate Buy" and a consensus target price of $47.81.

PROG Company Profile

PROG Holdings, Inc is a financial technology company that provides flexible payment and lease-to-own solutions to consumers and retail partners. Its primary business is Progressive Leasing, an omnichannel lease-to-own platform that enables customers to acquire products through participating retailers and repay over time through structured lease payments.

Progressive Leasing supports purchases across categories such as furniture, appliances, electronics, mattresses, jewelry and other household goods.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.