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. The company also acquires nonperforming loans, including Visa and MasterCard credit cards, private label and other credit cards, installment loans, lines of credit, deficiency balances of various types, legal judgments, and trade payables from banks, credit unions, consumer finance companies, telecommunication providers, retailers, utilities, automobile finance companies, student loan companies, and other debt owners. In addition, it provides fee-based services comprising class action claims recovery services and purchases; servicing of consumer bankruptcy accounts; and contingent collections of nonperforming loans. The company was formerly known as Portfolio Recovery Associates, Inc. and changed its name to PRA Group, Inc. in October 2014. PRA Group, Inc. was founded in 1996 and is headquartered in Norfolk, Virginia.
Industry, Sector and Symbol
Industry Consumer credit reporting agencies, mercantile reporting agencies,
Sub-IndustryConsumer Finance
SectorFinance
Phone888-772-7326
Debt
Current Ratio1.24
Quick Ratio1.24
Price-To-Earnings
Sales & Book Value
Annual Sales$813.57 million
Price / Sales1.58
Price / Cash Flow11.95
Price / Book1.13
Profitability
Net Income$162.26 million
Net Margins15.69%
Return on Assets1.82%
Miscellaneous
Employees5,154
OptionableOptionable
Pra Group (NASDAQ:PRAA) Frequently Asked Questions
What is Pra Group's stock symbol?
Pra Group trades on the NASDAQ under the ticker symbol "PRAA."
How were Pra Group's earnings last quarter?
Pra Group Inc (NASDAQ:PRAA) released its quarterly earnings results on Thursday, November, 8th. The business services provider reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by $0.13. The business services provider had revenue of $225.90 million for the quarter, compared to analysts' expectations of $223.81 million. Pra Group had a return on equity of 5.80% and a net margin of 15.69%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. View Pra Group's Earnings History.
When is Pra Group's next earnings date?
What price target have analysts set for PRAA?
5 brokerages have issued 12 month target prices for Pra Group's shares. Their forecasts range from $35.00 to $35.00. On average, they anticipate Pra Group's share price to reach $35.00 in the next year. This suggests a possible upside of 23.1% from the stock's current price. View Analyst Price Targets for Pra Group.
What is the consensus analysts' recommendation for Pra Group?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pra Group in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Pra Group.
Has Pra Group been receiving favorable news coverage?
Media stories about PRAA stock have trended somewhat positive on Tuesday, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Pra Group earned a news sentiment score of 1.9 on InfoTrie's scale. They also gave news stories about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future.
Who are some of Pra Group's key competitors?
Who are Pra Group's key executives?
Pra Group's management team includes the folowing people:
- Mr. Steven D. Fredrickson, Exec. Chairman (Age 59)
- Mr. Kevin P. Stevenson, Pres, CEO & Director (Age 54)
- Mr. Peter M. Graham, Exec. VP & CFO (Age 53)
- Mr. Christopher B. Graves, Exec. VP of Americas (Age 50)
- Mr. Steven C. Roberts, Exec. VP of Europe & Corp. Devel. (Age 57)
Who are Pra Group's major shareholders?
Pra Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (3.49%), Nexus Investment Management Inc. (1.03%), Scout Investments Inc. (0.20%), Louisiana State Employees Retirement System (0.04%) and CHICAGO TRUST Co NA (0.02%). Company insiders that own Pra Group stock include Christopher D Lagow, Geir Olsen, Laura White, Penelope W Kyle, Steven C Roberts and Steven D Fredrickson. View Institutional Ownership Trends for Pra Group.
Which institutional investors are selling Pra Group stock?
PRAA stock was sold by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Louisiana State Employees Retirement System, Nexus Investment Management Inc. and Scout Investments Inc.. Company insiders that have sold Pra Group company stock in the last year include Christopher D Lagow, Geir Olsen, Laura White and Steven D Fredrickson. View Insider Buying and Selling for Pra Group.
Which institutional investors are buying Pra Group stock?
How do I buy shares of Pra Group?
Shares of PRAA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Pra Group's stock price today?
One share of PRAA stock can currently be purchased for approximately $28.44.
How big of a company is Pra Group?
Pra Group has a market capitalization of $1.29 billion and generates $813.57 million in revenue each year. The business services provider earns $162.26 million in net income (profit) each year or $1.33 on an earnings per share basis. Pra Group employs 5,154 workers across the globe.
What is Pra Group's official website?
How can I contact Pra Group?
Pra Group's mailing address is 120 CORPORATE BOULEVARD, NORFOLK VA, 23502. The business services provider can be reached via phone at 888-772-7326 or via email at [email protected]
MarketBeat Community Rating for Pra Group (NASDAQ PRAA)
MarketBeat's community ratings are surveys of what our community members think about Pra Group and other stocks. Vote "Outperform" if you believe PRAA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PRAA will underperform the S&P 500 over the long term. You may vote once every thirty days.
