PRA Group

PRA Group, Inc. engages in the purchase, collection and management of portfolios of nonperforming loans. The firm purchase portfolios of nonperforming loans at a discount in two broad categories: Core and Insolvency. It also provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts in the United States. The company was founded by Steven D. Fredrickson and Kevin P. Stevenson on March 20, 1996 and is headquartered in Norfolk, VA.

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PRA Group reports resilient Q4 performance and eyes strategic growth

PRA Group showcased solid financial performance in Q4 2022 with strong cash collections and improved cost management. The company celebrated milestones and discussed strategic achievements.
While facing challenges like inconsistent fresh flows and rising costs, PRA Group is poised for growth with opportunities in M&A, debt purchases, and digital collections.
Efficiency gains through digital initiatives and a focus on strategic objectives position PRA Group for continued success and expansion in the market.

PRA Group reports Q1 loss, eyes legal collections for growth

PRA Group faces challenges in the US market but remains optimistic about future performance and growth opportunities. Legal collections are on the rise, impacting costs compared to call center collections. The company's strategic focus on seller relationships and market growth aims to address economic challenges.
Despite a net loss and decreased cash collections, PRA Group's strong foundation, global presence, and confidence in strategic objectives position it well for future success. The company's investments in the Americas and Europe signal expectations of growing ERC levels and improved supply environment.

PRA Group excels in Q2 2023 with focus on profitability

PRA Group's Q2 2023 earnings call highlighted a mix of successes and challenges, with a clear focus on profitability, shareholder value creation, and operational improvements.

PRA Group maintains stability in Europe, focuses on operational enhancements

PRA Group's Q3 2023 earnings call highlighted stable performance in Europe and strategic initiatives in the U.S. to enhance collections. The company's strong capital structure and focus on operational effectiveness are key strengths. Challenges include efficiency improvements and market dynamics, while opportunities lie in outsourcing strategies and portfolio purchases.

PRA Group reports robust Q4 earnings, eyes growth amid challenges

PRA Group delivered strong financial results in Q4 2023, driven by portfolio income growth and effective debt collection strategies.
Despite cautionary statements on risks, the company's solid capital structure and growth in portfolio value position it well for future opportunities.
Challenges lie in achieving targeted returns and sustaining growth momentum amidst market uncertainties, while opportunities exist for expansion and cost optimization.

PRA Group reports robust Q1 earnings, eyes U.S. expansion for growth

PRA Group delivered a solid performance in Q1 2024, driven by strong revenues, cash collections, and strategic investments in the U.S.
Efficient cost management, robust portfolio purchases, and a focus on profitability pillars position the company for continued growth and value creation.
While facing challenges in maintaining growth targets and managing expenses, PRA Group's strong financial position and strategic outlook offer opportunities for sustained performance and shareholder value.

PRA Group reports robust Q2 performance amidst strategic investments

PRA Group's Q2 2024 performance showed strong cash collections growth and strategic investments.
While challenges like rising legal collection costs exist, opportunities in global expansion and portfolio investments are promising.
The company aims for sustained growth with 2024 targets set for portfolio investments and ROATE.
Overall, PRA Group's financials reflect a balance between performance, strengths, challenges, and opportunities.

PRA Group (PRAA) reports robust Q3 performance and sets ambitious 2025 goals

PRA Group delivered impressive financial results in Q3 2024, with notable increases in revenues, cash collections, and portfolio purchases. While facing challenges related to operational aspects and cost management, the company remains focused on leveraging opportunities for growth and profitability in the upcoming year.

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PRAA's third-quarter results benefit from strong cash collection and portfolio income growth. Higher expenses partially offset the positives.

PRA Group's Shares Up 17.8% Since Q3 Earnings Beat Estimates

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 Conference Date: Tuesday, November 12, 2024 Conference Type: 1x1 meetings onlyLocation: Lotte New York Palace, New York, New York Furey Research Partners Hidden Gems Conference Date: Tuesday, November 26, 2024 Conference Type: 1x1 meetings and presentation at 9:45 a.m.

PRA Group to Present at Upcoming November and December 2024 Investor Conferences

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Why PRA Group (PRAA) is a Top Momentum Stock for the Long-Term

PRA Group, Inc. (NASDAQ:PRAA ) Q3 2024 Results Conference Call November 4, 2024 5:00 PM ET Company Participants Najim Mostamand - Vice President, Investor Relations Vik Atal - President and Chief Executive Officer Rakesh Sehgal - Executive Vice President and Chief Financial Officer Conference Call Participants David Scharf - Citizens JMP Mark Hughes - Truist Robert Dodd - Raymond James Operator Good evening and welcome the PRA Group Third Quarter 2024 Conference Call. All participants will be in a listen-only mode.

PRA Group, Inc. (PRAA) Q3 2024 Earnings Call Transcript

PRA Group (PRAA) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.31 per share a year ago.

PRA Group (PRAA) Surpasses Q3 Earnings and Revenue Estimates

Transformation in U.S. Business Clearly Visible Company On Track to Achieve Financial and Operational Targets for 2024; Announces Targets for 2025 NORFOLK, Va. , Nov. 4, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the third quarter of 2024 ("Q3 2024").

PRA Group Reports Third Quarter 2024 Results

NORFOLK, Va. , Oct. 31, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that it amended and extended its North American Credit Agreement on October 28, 2024 and its UK Credit Agreement on October 30, 2024.

PRA Group Announces Amendment and Extension of North American and United Kingdom Credit Agreements

PRAA's third-quarter results are likely to reflect growing cash collections and higher portfolio income.

PRA Group Pre-Q3 Earnings: Should You Buy the Stock Now?

NORFOLK, Va. , Oct. 14, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its third quarter 2024 results after market close on Monday, November 4, 2024, followed by a webcast and conference call at 5 p.m.

PRA Group to Announce Third Quarter 2024 Results on November 4

Say what you want to say about collections, PRA is making huge profits for investors that continue to grow.

Bull of the Day: PRA Group (PRAA)

PRAA benefits from increased portfolio purchases and better pricing, especially in the United States, leading to improved portfolio income.

Here's Why Investors Should Add PRA Group Stock to Their Portfolio

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4 High Earnings Yield Value Stocks That Investors May Buy Now

NORFOLK, Va., Sept. 9, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has named Adrian Murphy as its global chief data and analytics officer, effective Sept.

PRA Group Names Adrian Murphy as its Global Chief Data and Analytics Officer

PRA Group (PRAA) reported earnings 30 days ago. What's next for the stock?

PRA Group (PRAA) Up 4.2% Since Last Earnings Report: Can It Continue?

The mean of analysts' price targets for PRA Group (PRAA) points to a 28.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 28.42% Upside in PRA Group (PRAA): Can the Stock Really Move This High?

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, PRA Group (PRAA) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

PRA Group (PRAA) Shows Fast-paced Momentum But Is Still a Bargain Stock

NORFOLK, Va., Aug. 15, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global financial services company, is proud to announce Elizabeth Kersey, senior vice president of communications and public policy, was named the winner of a Silver Stevie® Award in the Communications, Investor Relations or PR Executive of the Year category in the 21st Annual International Business Awards®.

PRA Group Leader Wins Silver Stevie Award in 2024 International Business Awards

PRA Group is one of the few countercyclical stocks out there, proven in the 2007-2009 recession. The stock struggled recently with losses in 2023 due to poor pricing on its purchases of charged-off loans from 2020 to 2022. Pricing is now much improved due to a surge in charge-offs and higher balances for credit cards and other unsecured consumer loans.

PRA Group: A Turnaround And A Hedge For An Economic Slowdown

The consensus price target hints at a 49.3% upside potential for PRA Group (PRAA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think PRA Group (PRAA) Could Surge 49.32%: Read This Before Placing a Bet

PRA Group's (PRAA) second-quarter results reflect increased cash collections from the United States and Europe, partly offset by elevated compensation and employee services costs.

PRA Group's (PRAA) Q2 Earnings Beat on Strong Portfolio Income

PRA Group, Inc. (NASDAQ:PRAA ) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Najim Mostamand - Vice President, Investor Relations Vikram Atal - President and Chief Executive Officer Rakesh Sehgal - Executive Vice President and Chief Financial Officer Conference Call Participants David Scharf - Citizens JMP Mark Hughes - Truist Sean-Paul Adams - Raymond James Operator Good evening and welcome to PRA Group's Second Quarter 2024 Conference Call. All participants will be in a listen-only mode.

PRA Group, Inc. (PRAA) Q2 2024 Earnings Call Transcript

Executing Successful Turnaround in U.S. Business NORFOLK, Va. , Aug. 5, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the second quarter of 2024 ("Q2 2024").

PRA Group Reports Second Quarter 2024 Results

NORFOLK, Va., July 16, 2024 /PRNewswire/ -- Today, PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, celebrates 10 years since acquiring Aktiv Kapital AS, a business that had been prominent in the same industry throughout Europe and Canada.

PRA Group Celebrates 10 Years of Global Expansion

NORFOLK, Va., July 15, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its second quarter 2024 results after market close on Monday, August 5, 2024, followed by a webcast and conference call at 5 p.m.

PRA Group to Announce Second Quarter 2024 Results on August 5

PRA Group allowed inefficiencies and operational issues in collections, purchasing, and overall operations to accumulate, driving terrible results in 2023 and a change in management. New management has moved quickly to make changes to improve operational efficiency and collections performance, leading to positive results in portfolio income and cash collections. Improving the portfolio will take longer, but credit card charge-offs are rising and PRA is well-placed to benefit from higher-yielding purchases over the next couple of years.

News for PRA Group Stock (PRAA)