PROG (PRG) Projected to Post Quarterly Earnings on Wednesday

PROG (NYSE:PRG) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.82 per share and revenue of $678.23 million for the quarter.

PROG (NYSE:PRG) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $623.30 million during the quarter, compared to analysts’ expectations of $612.67 million. PROG had a return on equity of 24.25% and a net margin of 8.01%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. On average, analysts expect PROG to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

PROG Stock Performance

Shares of PRG opened at $25.70 on Tuesday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 5.66 and a beta of 1.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.34 and a current ratio of 5.24. PROG has a 1 year low of $23.50 and a 1 year high of $50.28. The company’s fifty day moving average is $28.25 and its two-hundred day moving average is $39.07.

PROG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 13th were issued a dividend of $0.13 per share. This is a boost from PROG’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 2.02%. The ex-dividend date was Thursday, March 13th. PROG’s dividend payout ratio is currently 11.45%.

Insider Activity

In related news, Director Douglas C. Curling bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $29.88 per share, with a total value of $298,800.00. Following the completion of the transaction, the director now owns 45,913 shares of the company’s stock, valued at approximately $1,371,880.44. The trade was a 27.85 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Caroline Sio-Chin Sheu bought 1,650 shares of PROG stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $28.01 per share, for a total transaction of $46,216.50. Following the acquisition, the director now directly owns 18,291 shares of the company’s stock, valued at $512,330.91. The trade was a 9.92 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PRG shares. Stephens reissued an “overweight” rating and set a $60.00 target price on shares of PROG in a research note on Thursday, January 2nd. Jefferies Financial Group cut PROG from a “buy” rating to a “hold” rating and cut their price objective for the stock from $58.00 to $29.00 in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PROG has an average rating of “Moderate Buy” and a consensus target price of $49.00.

About 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.