NORFOLK, Va., April 21, 2025 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its first quarter 2025 results after market close on Monday, May 5, 2025, followed by a webcast and conference call at 5 p.m. E.T.To listen to PRA Group's webcast and view the corresponding slides, visit https://ir.pragroup.com/events-and-presentations. To listen by phone on May 5, call 646-357-8785 in the U.S. or 1-800-836-8184 outside the U.S. and ask fo ...

PRA Group, Inc. (PRAA) is strategically positioned to grow in collecting debts. It expanded its services beyond debt collection, working for the government and giving audit services. Although PRAA has declined 4.9% in the past month, it shed less value than the industry average of an 11.5% fall.PRA Group — with a market cap of $708.8 million — is a global finance and business service company based in Norfolk, VA. It acquires and collects non-performing loans and debt. The company has a growing network in th ...

Martin Sjolund appointed President and Chief Executive Officer, effective June 17, 2025Vikram Atal to serve as senior advisor through December 31, 2025NORFOLK, Va., April 7, 2025 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that its Board of Directors has appointed President of PRA Group Europe Martin Sjolund to serve as President and Chief Executive Officer (CEO), effective June 17, 2025. Sjolund succeeds current President ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are ...

MONSEY, N.Y., March 20, 2025 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of ProAssurance Corporation (NYSE: PRA) (“ProAssurance”) to The Doctors Companies (“TDC”) for $25.00 per share in cash. If you remain a ProAssurance shareholder and question the fairness of the price, you may contact our firm at the following link to discuss your legal rights at no charge: https://wohlfruchter.com/cases/proassurance-corporation/ Alternatively, you may conta ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of a ...

Financial Performance - U.S. legal collections reached $376.0 million in 2024, an increase of 42.4% compared to the prior year[111]. - Total revenues for 2024 were $1.1 billion, an increase of $311.8 million, or 39.7%, compared to $786.3 million in 2023[123]. - Net income attributable to PRA Group, Inc. was $70.6 million for the year[116]. - Diluted earnings per share for the year were reported at $1.79[116]. - Net income attributable to PRA Group was $70.6 million in 2024, a significant recovery from a net loss of $83.5 million in 2023[1]. - Adjusted EBITDA for 2024 was $1.1 billion, an increase of $130.6 million, or 12.9%, compared to $1.0 billion in 2023[1]. - Total cash collections for 2024 were $1.9 billion, an increase of $208.1 million, or 12.5%, compared to $1.7 billion in 2023, largely due to higher U.S. Core cash collections[121]. - Total cash collections for 2024 reached $1,868,576, an increase of 12.5% from $1,660,450 in 2023[157]. - Total cash collections adjusted for foreign currency in 2024 were also $1,868,576, compared to $1,737,404 in 2022[157]. - Total cash collections in Europe for 2024 were $720,887, an increase from $663,526 in 2023[157]. - The company reported a total of $1,868,576,000 in cash collections since 1996-2014 for the Americas and Australia core segment[164]. - The total cash collections for the PRA Group in 2023 were $857,188,000, reflecting strong performance across regions[164]. - The company anticipates a total portfolio income of $1,098,056,000 for 2024, indicating growth in expected recoveries[164]. - The company reported a total of $5,695.1 million in Europe, contributing to the overall financial performance[167]. - The total cash collections for 2023 are projected to be $1,728.9 million, reflecting a recovery trend[167]. - The company reported cash paid for interest of $224,099,000 in 2024, compared to $138,305,000 in 2023[253]. Portfolio Purchases - Portfolio purchases in the U.S. totaled $795.8 million in 2024, a 40.2% increase from 2023, marking the second highest annual total in company history[113]. - Portfolio purchases in Europe amounted to $508.3 million in 2024, reflecting a 14.4% increase compared to 2023[115]. - Total portfolio purchases across all regions reached $1.4 billion, an increase of 22.0%[116]. - Total portfolio purchases reached $1.4 billion in 2024, up $253.8 million, or 22.0%, from $1.2 billion in 2023, primarily driven by increases in Americas and Australia Core purchases[120]. - U.S. portfolio purchases in 2024 totaled $795,840, a significant increase of 40.2% compared to $567,561 in 2023[158]. - Major credit card purchases in the U.S. rose to $342,460 in 2024, representing 43.0% of total purchases, up from 29.6% in 2023[158]. - Fresh accounts in the U.S. accounted for $442,432, or 60.8% of total purchases in 2024, compared to 67.3% in 2023[158]. - The purchase price multiple for the Americas and Australia Core portfolios in 2024 was 211%, up from 196% in 2023[161]. Collections and Recoveries - Cash collections for the year were $1.9 billion, representing a 12.5% increase[116]. - The company's end-of-year estimated remaining collections (ERC) stood at $7.5 billion, an increase of 16.6%[116]. - Estimated remaining collections (ERC) totaled $7.46 billion as of December 31, 2024, with significant contributions from both Americas and Europe[155]. - Core cash collections in the Americas and Australia for 2024 were $1,045,377, up from $892,687 in 2023, reflecting a growth of 17.1%[157]. - The total estimated collections for the Americas and Australia Core portfolios as of December 31, 2024, are $22,171,954[161]. - Changes in expected recoveries significantly increased to $240,868 in 2024 from $29,134 in 2023[246]. - The company experienced a significant change in expected recoveries, with a negative adjustment of $(240,868,000) in 2024 compared to $(29,134,000) in 2023[253]. Expenses and Liabilities - Total operating expenses increased to $774.8 million in 2024, up $72.7 million, or 10.4%, from $702.1 million in 2023[124]. - Interest expense, net for 2024 was $229.3 million, an increase of $47.6 million, or 26.2%, compared to $181.7 million in 2023, primarily due to a higher average debt balance[131]. - Income tax expense for 2024 was $21.0 million, an increase of $37.2 million, or 230.4%, compared to an income tax benefit of $16.1 million in 2023[132]. - Total liabilities rose to $3,737,548 in 2024, up from $3,285,978 in 2023, indicating an increase of 13.7%[243]. - As of December 31, 2024, total borrowings amounted to $3.3 billion, with $236.0 million estimated for interest, unused fees, and principal payments over the next 12 months[180]. Goodwill and Assets - Goodwill decreased by $35.2 million or 8.2% to $396.4 million as of December 31, 2024, attributed to foreign currency translation adjustments[136]. - The company performed its most recent annual impairment review on goodwill as of October 1, 2024, concluding no impairment was necessary[203]. - The fair value of the DBC reporting unit was assessed using both income and market approaches, incorporating various financial forecasts and assumptions[204]. - Total assets increased to $4,931,155 in 2024, compared to $4,525,354 in 2023, reflecting a growth of 9.0%[243]. - The balance of total equity as of December 31, 2024, was $1,193,607,000, a decrease from $1,239,376,000 in 2023[251]. Strategic Initiatives and Future Outlook - The company plans to continue purchasing nonperforming loan portfolios, focusing on strategic acquisitions and geographical diversification[150]. - Forward flow agreements for nonperforming loans are estimated at approximately $498.9 million over the next 12 months, with $403.1 million for the Americas and Australia, and $95.8 million for Europe[179]. - The company actively manages liquidity to meet business needs and financial obligations, ensuring operational stability[169]. - The company has seen a steady increase in cash collections from $1,141.4 million in 2020 to $1,271.8 million in 2021[167]. - The company plans to continue focusing on international operations, with a significant portion of cash related to indefinitely reinvested earnings[170].

Core Viewpoint - PRA Group (PRAA) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years [1][2]. - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for PRA Group indicate an improvement in the company's underlying business, likely leading to increased stock prices [5][10]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revision features [9][10]. Specific Earnings Estimates for PRA Group - For the fiscal year ending December 2025, PRA Group is expected to earn $2.10 per share, reflecting a 17.3% change from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for PRA Group has increased by 4.6% [8].

Core Viewpoint - PRA Group (PRAA) shows potential for significant upside, with a mean price target of $30 indicating a 32.3% increase from the current price of $22.67 [1] Price Targets - The average price target for PRAA ranges from a low of $24 to a high of $35, with a standard deviation of $5.57, suggesting variability in analyst estimates [2] - The lowest estimate indicates a 5.9% increase, while the highest suggests a 54.4% upside [2] Analyst Sentiment - Analysts exhibit strong agreement on PRAA's earnings prospects, with positive revisions in earnings estimates indicating potential stock upside [4][9] - Over the last 30 days, two earnings estimates have increased, leading to a 4.6% rise in the Zacks Consensus Estimate [10] Zacks Rank - PRAA holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, reinforcing its potential for near-term upside [11] Caution on Price Targets - While price targets are a common metric, they should be approached with skepticism as they may not reliably indicate actual stock price movements [5][8]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: PRA Group (PRAA) Analysis - PRAA has shown a four-week price change of 4.4%, indicating growing investor interest and recent price momentum [4] - Over the past 12 weeks, PRAA's stock has gained 5.6%, with a beta of 1.49, suggesting it moves 49% more than the market [5] - PRAA has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] - The stock has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - PRAA is trading at a Price-to-Sales ratio of 0.80, suggesting it is undervalued at 80 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides PRAA, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Zacks offers over 45 Premium Screens tailored to different investing styles, which can assist in identifying winning stock picks [9]