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.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Raymond James raised shares of PROG from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research note on Thursday, October 24th. Stephens reaffirmed an “overweight” rating and set a $60.00 price target on shares of PROG in a report on Thursday, January 2nd. Finally, TD Cowen raised shares of PROG to a “strong-buy” rating in a report on Friday, November 29th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $53.83.

PROG Price Performance

Shares of PRG stock traded down $11.94 during midday trading on Wednesday, reaching $30.76. 2,253,159 shares of the company were exchanged, compared to its average volume of 401,131. PROG has a 12 month low of $27.84 and a 12 month high of $50.28. The company has a market cap of $1.28 billion, a P/E ratio of 8.52 and a beta of 2.18. The company’s 50 day moving average price is $42.74 and its two-hundred day moving average price is $45.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.34 and a current ratio of 4.97.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $623.30 million for the quarter, compared to analysts’ expectations of $612.67 million. PROG had a net margin of 6.55% and a return on equity of 24.56%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. On average, sell-side analysts expect that PROG will post 3.36 earnings per share for the current 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.