PROG (NYSE:PRG - Get Free Report) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.70-$0.80 for the period, compared to the consensus earnings per share estimate of $0.74. The company issued revenue guidance of $599.8-$619.8 million, compared to the consensus revenue estimate of $604.47 million.
Shares of PRG opened at $46.97 on Wednesday. PROG has a 12 month low of $26.39 and a 12 month high of $50.28. The stock's 50-day moving average is $46.87 and its two-hundred day moving average is $39.63. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.87 and a quick ratio of 1.80. The stock has a market cap of $2.03 billion, a PE ratio of 19.17 and a beta of 2.11.
PROG (NYSE:PRG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.22. The company had revenue of $592.16 million during the quarter, compared to the consensus estimate of $573.23 million. PROG had a net margin of 4.57% and a return on equity of 26.30%. PROG's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. Equities analysts forecast that PROG will post 3.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.02%. The ex-dividend date was Tuesday, August 20th. PROG's dividend payout ratio (DPR) is 19.59%.
A number of analysts have recently issued reports on the company. KeyCorp lifted their target price on PROG from $46.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. TD Cowen upped their target price on PROG from $40.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. Loop Capital upgraded shares of PROG from a "hold" rating to a "buy" rating and lifted their price target for the stock from $41.00 to $55.00 in a research note on Monday, August 19th. Finally, Jefferies Financial Group raised their price objective on shares of PROG from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, PROG currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.40.
Get Our Latest Research Report on PROG
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.
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