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

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.
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4 analysts have issued 12 month 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 twelve months. This suggests a possible upside of 36.1% from the stock's current price.
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PROG's stock was trading at $16.89 at the beginning of 2023. Since then, PRG shares have increased by 75.1% and is now trading at $29.57.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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PROG Holdings, Inc. (NYSE:PRG) issued its quarterly earnings data on Wednesday, October, 25th. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.28. The firm earned $582.90 million during the quarter, compared to analyst estimates of $570.10 million. PROG had a net margin of 6.40% and a trailing twelve-month return on equity of 30.59%. PROG's revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS.

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.

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).

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 EPS 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.

PROG's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
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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.
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