PROG (NYSE:PRG) Issues FY 2025 Earnings Guidance

PROG (NYSE:PRG) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.100-3.500 for the period, compared to the consensus earnings per share estimate of 3.880. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. PROG also updated its Q1 2025 guidance to 0.800-0.850 EPS.

Analysts Set New Price Targets

PRG has been the topic of a number of recent analyst reports. Raymond James upgraded shares of PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a report on Thursday, October 24th. TD Cowen upgraded PROG to a “strong-buy” rating in a report on Friday, November 29th. Finally, Stephens reiterated an “overweight” rating and set a $60.00 price target on shares of PROG in a report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $53.83.

PROG Price Performance

PRG opened at $42.73 on Wednesday. The company has a current ratio of 4.97, a quick ratio of 2.34 and a debt-to-equity ratio of 0.94. PROG has a 1 year low of $27.84 and a 1 year high of $50.28. The stock has a fifty day moving average price of $42.74 and a 200 day moving average price of $45.08. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 11.84 and a beta of 2.18.

PROG (NYSE:PRG) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. PROG had a return on equity of 24.56% and a net margin of 6.55%. Analysts forecast that PROG will post 3.36 EPS for the current fiscal year.

PROG Company Profile

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.