PROG (PRG) Stock Forecast, Price & News

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.
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2 brokerages have issued 12 month target prices for PROG's stock. Their PRG share price forecasts range from $38.00 to $48.00. On average, they expect the company's stock price to reach $43.00 in the next year. This suggests a possible upside of 39.2% from the stock's current price.
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PROG's stock was trading at $16.89 on January 1st, 2023. Since then, PRG shares have increased by 82.9% and is now trading at $30.89.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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PROG Holdings, Inc. (NYSE:PRG) announced its earnings results on Wednesday, July, 26th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.66 by $0.26. The company had revenue of $592.85 million for 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%.

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 updated its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $0.58-$0.67 for the period, compared to the consensus EPS 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.

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

PROG's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.37%), Dimensional Fund Advisors LP (4.16%), State Street Corp (3.82%), Charles Schwab Investment Management Inc. (2.57%), Bank of New York Mellon Corp (2.21%) and Geode Capital Management LLC (1.95%). 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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One share of PRG stock can currently be purchased for approximately $30.89.

PROG (NYSE:PRG) has a market capitalization of $1.44 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.

The company employs 1,692 workers across the globe.

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.