Transformational Year Culminates in Return to Enhanced ProfitabilityRecord Portfolio Purchases of $1.4 Billion and Cash Collections Growth of 13% to $1.9 BillionCompany Updates 2025 Financial Targets, Raising Portfolio Purchases Target to $1.2 BillionNORFOLK, Va., Feb. 19, 2025 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the fourth quarter ("Q4 2024") and full year of 2024.  Q4 2024 ...

Financial and business services company PRA Group, Inc. (PRAA) is set to report its fourth-quarter 2024 results on Feb. 19, 2025, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 45 cents per share and $276.77 million, respectively.See the Zacks Earnings Calendar to stay ahead of market-making news.The earnings estimate for the to-be-reported quarter has remained stable over the past 60 days. The bottom-line projection indicates a year- ...

NORFOLK, Va., Feb. 11, 2025 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its fourth quarter and full year 2024 results after market close on Wednesday, February 19, 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 February 19, call 646-357-8785 in the U.S. or 1-800-836-81 ...

Core Insights - PRA Group, Inc. (PRAA) is experiencing growth due to rising portfolio income, improved cash collections, expanding U.S. portfolio supply, favorable pricing dynamics, and a strong cash position [1] Financial Performance - PRAA's stock has gained 10.6% over the past three months, outperforming the industry growth of 8.5% [2] - The Zacks Consensus Estimate for 2025 earnings is $2.01 per share, indicating a 17.5% growth from the 2024 estimate, with revenues projected at $1.2 billion, reflecting a 6.3% increase from 2024 [4] - The company has consistently outperformed earnings estimates in the last four quarters, with an average surprise of 305.32% [5] Revenue Growth Drivers - Revenue for the first nine months of 2024 increased by 41.3% year over year, driven by higher portfolio income from increased purchase volumes [6] - The stabilization of U.S. credit supply is expected to enhance portfolio availability and returns, allowing for further expansion in purchase volumes [7] - PRAA acquired nonperforming loan portfolios valued at $975.2 million, an 11.4% increase from the previous year [8] Cash Collection and Efficiency - Cash collections grew by 12% year over year in the first nine months of 2024, with management projecting 8-10% growth in 2025 [9] - The cash efficiency ratio is expected to exceed 60% in 2025, bolstered by modernized collection processes [9] - As of September 30, 2024, PRAA's cash and cash equivalents increased by 25.4% compared to the end of 2023 [9]

It takes time to turn a business around, and often longer still to drive a turn in sentiment and regain investor trust. Such is the case with PRA Group (NASDAQ: PRAA ), asAnalyst’s Disclosure: I/we have a beneficial long position in the shares of PRAA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock i ...

Core Insights - Investors in PRA Group, Inc. (PRAA) should monitor stock movements due to significant activity in the options market, particularly the Dec. 20, 2024 $15 Call which has high implied volatility [1] Company Overview - PRA Group is currently ranked 3 (Hold) in the Financial - Miscellaneous Services industry, which is in the top 22% of the Zacks Industry Rank [3] - Over the last 60 days, three analysts have raised their earnings estimates for the current quarter, increasing the Zacks Consensus Estimate from 36 cents per share to 45 cents [3] Market Sentiment - The high implied volatility suggests that options traders anticipate a significant price movement for PRA Group shares, indicating potential upcoming events that could lead to a rally or sell-off [2][4] - Options traders often seek high implied volatility options to sell premium, aiming to benefit from the decay of options value if the stock does not move as expected [4]

NORFOLK, Va., Nov. 20, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today the pricing of its upsized offering of $150.0 million aggregate principal amount of 8.875% Senior Notes due 2030 (the "notes"), which was upsized by $50.0 million from the previously announced $100.0 million, at a price of 103.625% of their principal amount, in a private transaction that is exempt from the registration requirements of th ...

NORFOLK, Va., Nov. 20, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that it plans, subject to market and other conditions, to offer $100.0 million aggregate principal amount of senior notes due 2030 (the "notes") in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The notes will be a further issuance of the Company's ...

PRA Group, Inc.’s (PRAA) shares gained 17.8% since it reported third-quarter 2024 results on Nov. 6, 2024. The strong quarterly results benefited from strong cash collections and purchases in the third quarter. Moreover, the company showed optimism in achieving its 2024 targets and expects accelerated progress in 2025, driving investor confidence upward. However, rising expenses partially offset the positives.PRAA reported third-quarter 2024 earnings per share of 49 cents, which beat the Zacks Consensus Est ...

NORFOLK, Va., Nov. 8, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announces today that management is scheduled to participate at the following investor conferences in November and December:Citizens JMP Securities Financial Services ConferenceDate: Tuesday, November 12, 2024Conference Type: 1x1 meetings onlyLocation: Lotte New York Palace, New York, New YorkFurey Research Partners Hidden Gems ConferenceDate: Tuesday, November 26, 2024C ...