Pra Group Inc (PRAA) Releases Earnings Results, Beats Expectations By $0.02 EPS

Pra Group Inc (PRAA) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.83 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.81. The company posted revenue of $228.50 million in the period, compared to analysts expectations of $226.41 million. The company’s revenue was down -3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS.

Pra Group Inc closed down -0.31 points or -1.13% at $27.04 with 6,87,080 shares getting traded on Friday. Post opening the session at $27.51, the shares hit an intraday low of $26.115 and an intraday high of $27.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jul 25, 2016, Michael J Petit (Pres-Insolvency Investment Ser) sold 3,000 shares at $28.11 per share price. According to the SEC, on May 17, 2016, Geir Olsen (director) purchased 25,000 shares at $27.03 per share price. On May 13, 2016, David N Roberts (director) purchased 40,000 shares at $25.25 per share price, according to the Form-4 filing with the securities and exchange commission.

PRA Group Inc. (PRA Group) formerly Portfolio Recovery Associates Inc. and its subsidiaries is a financial and business service company. The Company’s primary business is the purchase collection and management of portfolios of defaulted consumer receivables. These are the unpaid obligations of individuals to credit originators which include banks credit unions consumer and auto finance companies and retail merchants. The Company also provides feebased services including vehicle location skip tracing and collateral recovery services for auto lenders Governments and law enforcement through PRA Location Services LLC (PLS) revenue administration audit and debt discovery or recovery services for local Government entities through PRA Government Services LLC and MuniServices LLC (PGS) and class action claims recovery services and related payment processing through Claims Compensation Bureau LLC (CCB).

Pra Group Inc

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