Should I buy or sell PROG stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PROG in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PRG shares. View PRG analyst ratings or view top-rated stocks .

What is PROG's stock price target for 2024?

4 Wall Street research analysts have issued 1-year price targets for PROG's stock. Their PRG share price targets range from $37.00 to $44.00. On average, they anticipate the company's stock price to reach $40.25 in the next year. This suggests a possible upside of 36.2% from the stock's current price. View analysts price targets for PRG or view top-rated stocks among Wall Street analysts .

How have PRG shares performed in 2023?

PROG's stock was trading at $16.89 at the beginning of 2023. Since then, PRG stock has increased by 75.0% and is now trading at $29.55. View the best growth stocks for 2023 here .

When is PROG's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024. View our PRG earnings forecast .

How were PROG's earnings last quarter?

PROG Holdings, Inc. (NYSE:PRG) released its quarterly earnings data on Wednesday, October, 25th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.28. The company had revenue of $582.90 million for the quarter, compared to analysts' expectations of $570.10 million. PROG had a net margin of 6.40% and a trailing twelve-month return on equity of 30.59%. The company's revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS.

Is PROG a good dividend stock?

PROG (NYSE:PRG) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 1.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRG will have a dividend payout ratio of 1.20% next year. This indicates that the company will be able to sustain or increase its dividend.

What ETFs hold PROG's stock?

ETFs with the largest weight of PROG (NYSE:PRG) stock in their portfolio include Conductor Global Equity Value ETF (CGV) , Invesco S&P SmallCap 600 Pure Value ETF (RZV) , Roundhill Acquirers Deep Value ETF (DEEP) , Invesco S&P SmallCap Financials ETF (PSCF) , Distillate Small/Mid Cash Flow ETF (DSMC) , EA Bridgeway Omni Small-Cap Value ETF (BSVO) and Schwab Fundamental U.S. Small Company Index ETF (FNDA) . Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) .

What guidance has PROG issued on next quarter's earnings?

PROG issued an update on its FY23 earnings guidance on Wednesday, October, 25th. The company provided EPS guidance of $3.55-3.65 for the period, compared to the consensus earnings per share estimate of $3.21. The company issued revenue guidance of $2.38-2.40 billion, compared to the consensus revenue estimate of $2.38 billion.

Who are PROG's major shareholders?

PROG's stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (4.94%), Charles Schwab Investment Management Inc. (2.51%), Bank of New York Mellon Corp (2.13%), Jacobs Levy Equity Management Inc. (1.92%), Ameriprise Financial Inc. (1.57%) and JPMorgan Chase & Co. (1.51%). Insiders that own company stock include Brian Garner , Curtis Linn Doman, Douglas C Curling , Eugene Vin Iv Thomas, George M Sewell and Steven A Michaels . View institutional ownership trends .

How do I buy shares of PROG?

Shares of PRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

PROG Stock Price, News & Analysis (NYSE:PRG)

$29.57

+0.20 (+0.68%)

(As of 12/8/2023 ET)

Compare

Today's Range: $28.72
▼
$29.59
50-Day Range: $26.70
▼
$33.22
52-Week Range: $16.47
▼
$44.81

Volume: 537,069 shs
Average Volume: 444,999 shs
Market Capitalization: $1.32 billion

P/E Ratio: 9.02
Dividend Yield: N/A
Price Target: $40.25

PROG MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 36.2% Upside
$40.25 Price Target
Short Interest: Healthy
3.38% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -8.29%
From $3.62 to $3.32 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Finance Sector

102nd out of 677 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

5th out of 13 stocks

3.3

Analyst's Opinion

Consensus Rating
PROG has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $40.25, PROG has a forecasted upside of 36.2% from its current price of $29.55.
Amount of Analyst Coverage
PROG has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.38% of the float of PROG has been sold short.
Short Interest Ratio / Days to Cover
PROG has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month

1.7

Dividend Strength

Dividend Yield
PROG does not currently pay a dividend.
Dividend Growth
PROG does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of PROG is 1.22%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, PROG will have a dividend payout ratio of 1.20% next year. This indicates that PROG will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PRG.

N/A

News and Social Media Coverage

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PROG insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.98% of the stock of PROG is held by insiders.
Percentage Held by Institutions
95.24% of the stock of PROG is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for PROG are expected to decrease by -8.29% in the coming year, from $3.62 to $3.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PROG is 9.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of PROG is 9.01, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 54.52.
Price to Earnings Growth Ratio
PROG has a PEG Ratio of 0.70. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
PROG has a P/B Ratio of 2.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PROG Stock (NYSE:PRG)

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.

PRG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PRG Stock News Headlines

November 9, 2023 | finance.yahoo.com

PROG Foundation to Hold Community Open House for Grand Opening of PROG Development Center in West Valley City

October 31, 2023 | morningstar.com

PROG Holdings Inc Ordinary Shares PRG

December 8, 2023 | DTI Trader (Ad)

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October 27, 2023 | markets.businessinsider.com

KeyBanc Reaffirms Their Buy Rating on PROG Holdings (PRG)

October 26, 2023 | msn.com

Stephens & Co. Maintains PROG Holdings (PRG) Equal-Weight Recommendation

October 26, 2023 | msn.com

Keybanc Maintains PROG Holdings (PRG) Overweight Recommendation

October 26, 2023 | finance.yahoo.com

PROG Holdings, Inc. (NYSE:PRG) Q3 2023 Earnings Call Transcript

October 25, 2023 | msn.com

PROG Holdings (PRG) Q3 Earnings and Revenues Beat Estimates

December 8, 2023 | DTI Trader (Ad)

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October 25, 2023 | markets.businessinsider.com

PROG Holdings Adds 10% As Earnings Beat, Ups Outlook

October 25, 2023 | finance.yahoo.com

PROG Holdings Inc (PRG) Beats Q3 2023 Expectations, Raises Full-Year Financial Outlook

October 25, 2023 | seekingalpha.com

PROG Holdings, Inc. 2023 Q3 - Results - Earnings Call Presentation

October 25, 2023 | finance.yahoo.com

PROG Holdings Beats Third Quarter 2023 Expectations, Raises Full-Year Financial Outlook

October 4, 2023 | finance.yahoo.com

PROG Holdings, Inc. to Release Third Quarter 2023 Financial Results on October 25, 2023

September 30, 2023 | finance.yahoo.com

PROG Holdings Inc (AZD.BE)

September 21, 2023 | finance.yahoo.com

PROG Holdings (PRG) Benefited from Economic Optimism

September 11, 2023 | msn.com

Loop Capital Maintains PROG Holdings (PRG) Hold Recommendation

September 11, 2023 | msn.com

PROG Holdings: Strong Growth Is Shown And A Buy Visible

August 23, 2023 | finance.yahoo.com

Are Finance Stocks Lagging Prog Holdings (PRG) This Year?

August 23, 2023 | finance.yahoo.com

Here’s Why PROG Holdings (PRG) Outperformed in Q2

August 15, 2023 | finance.yahoo.com

Why Fast-paced Mover PROG Holdings (PRG) Is a Great Choice for Value Investors

August 15, 2023 | finance.yahoo.com

Here's Why PROG Holdings (PRG) Is a Great 'Buy the Bottom' Stock Now

August 11, 2023 | msn.com

Wall Street Analysts Predict a 27.65% Upside in PROG Holdings (PRG): Here's What You Should Know

August 11, 2023 | finance.yahoo.com

Wall Street Analysts Predict a 27.65% Upside in PROG Holdings (PRG): Here's What You Should Know

August 2, 2023 | finance.yahoo.com

PROG Holdings' (NYSE:PRG) one-year earnings growth trails the stellar shareholder returns

August 1, 2023 | finance.yahoo.com

Should You Exit PROG Holdings (PRG) Considering its Sensitive Nature?

July 28, 2023 | markets.businessinsider.com

Loop Capital Markets Keeps Their Hold Rating on PROG Holdings (PRG)

See More Headlines

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Company Calendar

Last Earnings: 10/25/2023
Today: 12/08/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/28/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Equipment rental & leasing, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:PRG
CUSIP: N/A
CIK: 1808834
Web: www.aarons.com
Phone: 385-351-1369
Fax: 404-240-6584
Employees: 1,692
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $40.25
High Stock Price Target: $44.00
Low Stock Price Target: $37.00
Potential Upside/Downside: +37.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.28
Trailing P/E Ratio: 8.95
Forward P/E Ratio: 8.11
P/E Growth: 0.7
Net Income: $98.71 million
Net Margins: 6.40%
Pretax Margin: 9.06%
Return on Equity: 30.59%
Return on Assets: 12.02%

Debt

Debt-to-Equity Ratio: 0.99
Current Ratio: 3.76
Quick Ratio: 1.91

Sales & Book Value

Annual Sales: $2.44 billion
Price / Sales: 0.54
Cash Flow: $41.96 per share
Price / Cash Flow: 0.70
Book Value: $11.88 per share
Price / Book: 2.47

Miscellaneous

Outstanding Shares: 44,722,000
Free Float: 43,837,000
Market Cap: $1.31 billion
Optionable: Not Optionable
Beta: 2.04

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Key Executives

Mr. Steven A. Michaels (Age 49)
CEO, Pres & Director
Comp: $1.97M
Mr. Brian J. Garner
Chief Financial Officer
Mr. Marvin A. Fentress (Age 60)
Gen. Counsel & Corp. Sec.
Comp: $953.92k
Mr. Curtis Linn Doman (Age 48)
Chief Innovation Officer & Director
Comp: $1.43M
Mr. Trevor Thatcher (Age 46)
Chief Operations Officer
Mr. George Matt Sewell (Age 46)
Principal Accounting Officer & VP of Financial Reporting
Mr. Benjamin Hawksworth (Age 44)
Chief Product & Technology Officer
Mr. Ryan Ray (Age 46)
Chief Admin. Officer
John Baugh
VP of Investor Relations
Mark Delcorps
Director of Corp. Communications

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PRG Stock Analysis - Frequently Asked Questions

Should I buy or sell PROG stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PROG in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PRG shares.
View PRG analyst ratings or view top-rated stocks.
What is PROG's stock price target for 2024?: 4 Wall Street research analysts have issued 1-year price targets for PROG's stock. Their PRG share price targets range from $37.00 to $44.00. On average, they anticipate the company's stock price to reach $40.25 in the next year. This suggests a possible upside of 36.2% from the stock's current price.
View analysts price targets for PRG or view top-rated stocks among Wall Street analysts.
How have PRG shares performed in 2023?: PROG's stock was trading at $16.89 at the beginning of 2023. Since then, PRG stock has increased by 75.0% and is now trading at $29.55.
View the best growth stocks for 2023 here.
When is PROG's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our PRG earnings forecast.
How were PROG's earnings last quarter?: PROG Holdings, Inc. (NYSE:PRG) released its quarterly earnings data on Wednesday, October, 25th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.28. The company had revenue of $582.90 million for the quarter, compared to analysts' expectations of $570.10 million. PROG had a net margin of 6.40% and a trailing twelve-month return on equity of 30.59%. The company's revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS.
Is PROG a good dividend stock?: PROG (NYSE:PRG) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 1.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRG will have a dividend payout ratio of 1.20% next year. This indicates that the company will be able to sustain or increase its dividend.

What ETFs hold PROG's stock?: ETFs with the largest weight of PROG (NYSE:PRG) stock in their portfolio include Conductor Global Equity Value ETF (CGV), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Financials ETF (PSCF), Distillate Small/Mid Cash Flow ETF (DSMC), EA Bridgeway Omni Small-Cap Value ETF (BSVO) and Schwab Fundamental U.S. Small Company Index ETF (FNDA).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).
What guidance has PROG issued on next quarter's earnings?: PROG issued an update on its FY23 earnings guidance on Wednesday, October, 25th. The company provided EPS guidance of $3.55-3.65 for the period, compared to the consensus earnings per share estimate of $3.21. The company issued revenue guidance of $2.38-2.40 billion, compared to the consensus revenue estimate of $2.38 billion.
Who are PROG's major shareholders?: PROG's stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (4.94%), Charles Schwab Investment Management Inc. (2.51%), Bank of New York Mellon Corp (2.13%), Jacobs Levy Equity Management Inc. (1.92%), Ameriprise Financial Inc. (1.57%) and JPMorgan Chase & Co. (1.51%). Insiders that own company stock include Brian Garner, Curtis Linn Doman, Douglas C Curling, Eugene Vin Iv Thomas, George M Sewell and Steven A Michaels.
View institutional ownership trends.
How do I buy shares of PROG?: Shares of PRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:PRG) was last updated on 12/8/2023 by MarketBeat.com Staff

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