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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


PRG stock logo

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

PRG Stock News Headlines

PROG Holdings Inc Ordinary Shares PRG
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
KeyBanc Reaffirms Their Buy Rating on PROG Holdings (PRG)
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
PROG Holdings Adds 10% As Earnings Beat, Ups Outlook
PROG Holdings Inc (AZD.BE)
PROG Holdings (PRG) Benefited from Economic Optimism
Here’s Why PROG Holdings (PRG) Outperformed in Q2
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

Industry, Sector and Symbol

Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
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

Net Income
$98.71 million
Pretax Margin
9.06%

Debt

Sales & Book Value

Annual Sales
$2.44 billion
Cash Flow
$41.96 per share
Book Value
$11.88 per share

Miscellaneous

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. MichaelsMr. Steven A. Michaels (Age 49)
    CEO, Pres & Director
    Comp: $1.97M
  • Mr. Brian J. GarnerMr. 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 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 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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