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Potential 500% Return From A Unique $1 Asset? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
NYSE:PRG

PROG - PRG Stock Forecast, Price & News

$20.73
+0.20 (+0.97%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$20.29
$20.91
50-Day Range
$16.23
$27.69
52-Week Range
$15.62
$50.79
Volume
434,813 shs
Average Volume
780,605 shs
Market Capitalization
$1.12 billion
P/E Ratio
8.97
Dividend Yield
N/A
Price Target
$33.00

PROG MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
59.2% Upside
$33.00 Price Target
Short Interest
Healthy
7.05% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$1.03 M Bought Last Quarter
Proj. Earnings Growth
23.83%
From $2.56 to $3.17 Per Share

Overall MarketRank

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

2.75 out of 5 stars

Finance Sector

185th out of 926 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

2nd out of 14 stocks

PRG stock logo

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.

PROG Stock Performance

Shares of PRG Stock traded up $0.20 on Friday, reaching $20.73. The stock had a trading volume of 434,813 shares, compared to its average volume of 780,605. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.26 and a current ratio of 3.26. PROG has a 1 year low of $15.62 and a 1 year high of $50.79. The stock has a market cap of $1.12 billion, a P/E ratio of 8.97 and a beta of 2.01. The company has a 50 day simple moving average of $19.31 and a 200 day simple moving average of $26.26.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PRG. Stephens set a $21.00 price objective on shares of PROG in a report on Monday, June 20th. KeyCorp dropped their price objective on PROG from $40.00 to $36.00 and set an "overweight" rating on the stock in a research report on Thursday, July 28th. TheStreet downgraded PROG from a "c-" rating to a "d" rating in a report on Thursday, July 28th. Finally, Raymond James cut shares of PROG from an "outperform" rating to a "market perform" rating in a research note on Friday, June 17th.

Insider Buying and Selling at PROG

In other PROG news, CFO Brian Garner purchased 2,500 shares of PROG stock in a transaction dated Wednesday, August 3rd. The stock was purchased at an average price of $19.39 per share, with a total value of $48,475.00. Following the transaction, the chief financial officer now directly owns 38,523 shares of the company's stock, valued at $746,960.97. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other PROG news, CFO Brian Garner purchased 2,500 shares of the company's stock in a transaction dated Wednesday, August 3rd. The shares were acquired at an average price of $19.39 per share, for a total transaction of $48,475.00. Following the purchase, the chief financial officer now directly owns 38,523 shares of the company's stock, valued at approximately $746,960.97. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Curtis Linn Doman acquired 50,000 shares of PROG stock in a transaction dated Wednesday, August 3rd. The stock was bought at an average price of $19.25 per share, with a total value of $962,500.00. Following the completion of the purchase, the insider now directly owns 72,000 shares in the company, valued at $1,386,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 53,700 shares of company stock valued at $1,034,243. 1.23% of the stock is owned by company insiders.

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PRG Stock News Headlines

TheStreet Lowers PROG (NYSE:PRG) to D
PROG (NYSE:PRG) Given New $36.00 Price Target at KeyCorp
PROG Holdings (PRG) Q2 Earnings Top Estimates
PROG Holdings Reports Second Quarter 2022 Results
PROG (PRG) Scheduled to Post Quarterly Earnings on Wednesday
See More Headlines
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PRG Company Calendar

Last Earnings
11/03/2021
Today
8/14/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
1,849
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$33.00
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+59.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$243.56 million
Pretax Margin
7.45%

Debt

Sales & Book Value

Annual Sales
$2.68 billion
Cash Flow
$37.69 per share
Book Value
$10.30 per share

Miscellaneous

Free Float
53,378,000
Market Cap
$1.12 billion
Optionable
Not Optionable
Beta
2.01

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













PRG Stock - Frequently Asked Questions

Should I buy or sell PROG stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PROG in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PRG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRG, but not buy additional shares or sell existing shares.
View PRG analyst ratings
or view top-rated stocks.

What is PROG's stock price forecast for 2022?

3 brokerages have issued 12 month target prices for PROG's stock. Their PRG share price forecasts range from $21.00 to $42.00. On average, they expect the company's share price to reach $33.00 in the next year. This suggests a possible upside of 59.2% 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 2022?

PROG's stock was trading at $45.11 on January 1st, 2022. Since then, PRG stock has decreased by 54.0% and is now trading at $20.73.
View the best growth stocks for 2022 here
.

When is PROG's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our PRG earnings forecast
.

How were PROG's earnings last quarter?

PROG Holdings, Inc. (NYSE:PRG) released its quarterly earnings results on Wednesday, November, 3rd. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. The firm had revenue of $650.40 million for the quarter, compared to analysts' expectations of $678.38 million. PROG had a net margin of 5.34% and a trailing twelve-month return on equity of 22.35%. The company's quarterly revenue was down 38.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.80 earnings per share.

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

PROG issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $2.50-$2.75 for the period, compared to the consensus EPS estimate of $2.54. The company issued revenue guidance of $2.59 billion-$2.69 billion, compared to the consensus revenue estimate of $2.64 billion.

What is PROG's stock symbol?

PROG trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRG."

Who are PROG's major shareholders?

PROG's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (1.43%), Northern Trust Corp (1.42%), Clearbridge Investments LLC (1.36%), JPMorgan Chase & Co. (0.88%), Wells Fargo & Company MN (0.77%) and Wedge Capital Management L L P NC (0.73%). 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.

What is PROG's stock price today?

One share of PRG stock can currently be purchased for approximately $20.73.

How much money does PROG make?

PROG (NYSE:PRG) has a market capitalization of $1.12 billion and generates $2.68 billion in revenue each year. The company earns $243.56 million in net income (profit) each year or $2.31 on an earnings per share basis.

How many employees does PROG have?

The company employs 1,849 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 8/14/2022 by MarketBeat.com Staff

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