PROG (NYSE:PRG) Issues FY25 Earnings Guidance

PROG (NYSE:PRG) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.10-3.50 for the period, compared to the consensus estimate of $3.88. The company issued revenue guidance of $2.52-2.59 billion, compared to the consensus revenue estimate of $2.62 billion. PROG also updated its FY 2025 guidance to 3.100-3.500 EPS.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PRG. Raymond James upgraded shares of PROG from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company 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 issued a $60.00 price target on shares of PROG in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $53.83.

PROG Price Performance

PRG stock traded down $0.03 during trading on Thursday, hitting $30.55. The company had a trading volume of 131,076 shares, compared to its average volume of 392,122. The company has a market cap of $1.27 billion, a P/E ratio of 8.43 and a beta of 2.18. The company has a fifty day moving average price of $42.39 and a two-hundred day moving average price of $44.98. PROG has a fifty-two week low of $27.84 and a fifty-two week high of $50.28. 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 (NYSE:PRG) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.80 earnings per share for the quarter, beating 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%. The firm had revenue of $623.30 million during the quarter, compared to analysts’ expectations of $612.67 million. During the same period last year, the firm posted $0.72 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Equities research analysts expect that PROG will post 3.36 earnings per share 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.