NYSE:PRG

PROG (PRG) Stock Forecast, Price & News

$32.16

-1.05 (-3.16%)

(As of 10/2/2023 ET)

Compare

Today's Range: $31.85
▼
$33.25
50-Day Range: $30.89
▼
$41.67
52-Week Range: $12.11
▼
$44.81

Volume: 376,620 shs
Average Volume: 448,043 shs
Market Capitalization: $1.50 billion

P/E Ratio: 11.32
Dividend Yield: N/A
Price Target: $43.00

PROG MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 33.7% Upside
$43.00 Price Target
Short Interest: Bearish
3.70% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.37
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.23%
From $3.21 to $3.41 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

294th out of 853 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 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $43.00, PROG has a forecasted upside of 33.7% from its current price of $32.16.
Amount of Analyst Coverage
PROG has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.70% 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 4.5.
Change versus previous month
Short interest in PROG has recently increased by 1.83%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
PROG does not currently pay a dividend.
Dividend Growth
PROG does not have a long track record of dividend growth.

N/A

Sustainability and ESG

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

4.1

News and Social Media Coverage

News Sentiment
PROG has a news sentiment score of 1.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for PROG this week, compared to 2 articles on an average week.
Search Interest
8 people have searched for PRG on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.
MarketBeat Follows
7 people have added PROG to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.

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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for PROG are expected to grow by 6.23% in the coming year, from $3.21 to $3.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PROG is 11.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of PROG is 11.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 66.02.
Price to Earnings Growth Ratio
PROG has a PEG Ratio of 0.92. 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 2.71. 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 (NYSE:PRG) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

PRG Stock News Headlines

September 30, 2023 | finance.yahoo.com

PROG Holdings Inc (AZD.BE)

September 21, 2023 | finance.yahoo.com

PROG Holdings (PRG) Benefited from Economic Optimism

October 3, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

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

October 3, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

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)

July 28, 2023 | finance.yahoo.com

PROG Holdings, Inc. (NYSE:PRG) Q2 2023 Earnings Call Transcript

July 27, 2023 | markets.businessinsider.com

Bank of America Securities Sticks to Its Buy Rating for PROG Holdings (PRG)

July 27, 2023 | markets.businessinsider.com

PROG Holdings Jumps On Upbeat Earnings, Raised Outlook

July 27, 2023 | finance.yahoo.com

PROG Holdings Exceeds Second Quarter 2023 Expectations, Raises Full-Year Financial Outlook

July 5, 2023 | finance.yahoo.com

PROG Holdings to Release Second Quarter 2023 Financial Results on July 26, 2023

June 14, 2023 | seekingalpha.com

PROG Holdings: I Wouldn't Be Surprised To See Profit Taking

June 5, 2023 | msn.com

PROG Holdings stock dips as YTD rally prompts downgrade at Loop

May 23, 2023 | finance.yahoo.com

PROG Holdings Announces Build, an Innovative Credit Building Financial Management Tool

May 11, 2023 | finance.yahoo.com

PROG Holdings, Inc. Appoints Todd King as Chief Legal and Compliance Officer

April 28, 2023 | finance.yahoo.com

Despite Fast-paced Momentum, PROG Holdings (PRG) Is Still a Bargain Stock

April 26, 2023 | finance.yahoo.com

PROG Holdings Exceeds First Quarter 2023 Expectations, Raises Full-Year Earnings Outlook

April 26, 2023 | seekingalpha.com

PROG Holdings, Inc. 2023 Q1 - Results - Earnings Call Presentation

See More Headlines

Receive PRG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for PROG and its competitors with MarketBeat's FREE daily newsletter.

PRG Company Calendar

Last Earnings: 7/26/2023
Today: 10/02/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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 Forecast: $43.00
High Stock Price Forecast: $48.00
Low Stock Price Forecast: $38.00
Forecasted Upside/Downside: +33.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.84
Trailing P/E Ratio: 11.32
Forward P/E Ratio: 10.02
P/E Growth: 0.92
Net Income: $98.71 million
Net Margins: 5.52%
Pretax Margin: 8.07%
Return on Equity: 29.79%
Return on Assets: 11.54%

Debt

Debt-to-Equity Ratio: 1.00
Current Ratio: 3.75
Quick Ratio: 1.78

Sales & Book Value

Annual Sales: $2.60 billion
Price / Sales: 0.58
Cash Flow: $39.22 per share
Price / Cash Flow: 0.82
Book Value: $11.88 per share
Price / Book: 2.71

Miscellaneous

Outstanding Shares: 46,740,000
Free Float: 45,818,000
Market Cap: $1.50 billion
Optionable: Not Optionable
Beta: 2.09

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for October 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

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

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PRG Stock - Frequently Asked Questions

Should I buy or sell PROG stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PROG in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023?: 2 brokerages have issued 12-month target prices for PROG's shares. Their PRG share price forecasts range from $38.00 to $48.00. On average, they anticipate the company's share price to reach $43.00 in the next twelve months. This suggests a possible upside of 33.7% 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 90.4% and is now trading at $32.16.
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, October 25th 2023.
View our PRG earnings forecast.
How were PROG's earnings last quarter?: PROG Holdings, Inc. (NYSE:PRG) released its earnings results on Wednesday, July, 26th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. The business earned $592.85 million during the quarter, compared to analysts' expectations of $573.09 million. PROG had a trailing twelve-month return on equity of 29.79% and a net margin of 5.52%.
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 updated its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of $0.58-$0.67 for the period, compared to the consensus earnings per share estimate of $0.44. The company issued revenue guidance of $560.00 million-$575.00 million, compared to the consensus revenue estimate of $560.03 million.
What is PROG's stock symbol?: PROG trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRG."
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.
What is PROG's stock price today?: One share of PRG stock can currently be purchased for approximately $32.16.
How much money does PROG make?: PROG (NYSE:PRG) has a market capitalization of $1.50 billion and generates $2.60 billion in revenue each year. The company earns $98.71 million in net income (profit) each year or $2.84 on an earnings per share basis.
How many employees does PROG have?: The company employs 1,692 workers across the globe.
How can I contact PROG?: PROG's mailing address is 400 GALLERIA PARKWAY SE SUITE 300, ATLANTA GA, 30339. The official website for the company is www.aarons.com. The company can be reached via phone at 385-351-1369, via email at investorrelations@aarons.com, or via fax at 404-240-6584.

This page (NYSE:PRG) was last updated on 10/3/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial