PRA Group

PRA Group, Inc. engages in the purchase, collection and management of portfolios of nonperforming loans. The firm purchase portfolios of nonperforming loans at a discount in two broad categories: Core and Insolvency. It also provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts in the United States. The company was founded by Steven D. Fredrickson and Kevin P. Stevenson on March 20, 1996 and is headquartered in Norfolk, VA.

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PRA Group reports resilient Q4 performance and eyes strategic growth

PRA Group showcased solid financial performance in Q4 2022 with strong cash collections and improved cost management. The company celebrated milestones and discussed strategic achievements.
While facing challenges like inconsistent fresh flows and rising costs, PRA Group is poised for growth with opportunities in M&A, debt purchases, and digital collections.
Efficiency gains through digital initiatives and a focus on strategic objectives position PRA Group for continued success and expansion in the market.

PRA Group reports Q1 loss, eyes legal collections for growth

PRA Group faces challenges in the US market but remains optimistic about future performance and growth opportunities. Legal collections are on the rise, impacting costs compared to call center collections. The company's strategic focus on seller relationships and market growth aims to address economic challenges.
Despite a net loss and decreased cash collections, PRA Group's strong foundation, global presence, and confidence in strategic objectives position it well for future success. The company's investments in the Americas and Europe signal expectations of growing ERC levels and improved supply environment.

PRA Group excels in Q2 2023 with focus on profitability

PRA Group's Q2 2023 earnings call highlighted a mix of successes and challenges, with a clear focus on profitability, shareholder value creation, and operational improvements.

PRA Group maintains stability in Europe, focuses on operational enhancements

PRA Group's Q3 2023 earnings call highlighted stable performance in Europe and strategic initiatives in the U.S. to enhance collections. The company's strong capital structure and focus on operational effectiveness are key strengths. Challenges include efficiency improvements and market dynamics, while opportunities lie in outsourcing strategies and portfolio purchases.

PRA Group reports robust Q4 earnings, eyes growth amid challenges

PRA Group delivered strong financial results in Q4 2023, driven by portfolio income growth and effective debt collection strategies.
Despite cautionary statements on risks, the company's solid capital structure and growth in portfolio value position it well for future opportunities.
Challenges lie in achieving targeted returns and sustaining growth momentum amidst market uncertainties, while opportunities exist for expansion and cost optimization.

PRA Group reports robust Q1 earnings, eyes U.S. expansion for growth

PRA Group delivered a solid performance in Q1 2024, driven by strong revenues, cash collections, and strategic investments in the U.S.
Efficient cost management, robust portfolio purchases, and a focus on profitability pillars position the company for continued growth and value creation.
While facing challenges in maintaining growth targets and managing expenses, PRA Group's strong financial position and strategic outlook offer opportunities for sustained performance and shareholder value.

PRA Group reports robust Q2 performance amidst strategic investments

PRA Group's Q2 2024 performance showed strong cash collections growth and strategic investments.
While challenges like rising legal collection costs exist, opportunities in global expansion and portfolio investments are promising.
The company aims for sustained growth with 2024 targets set for portfolio investments and ROATE.
Overall, PRA Group's financials reflect a balance between performance, strengths, challenges, and opportunities.

PRA Group (PRAA) reports robust Q3 performance and sets ambitious 2025 goals

PRA Group delivered impressive financial results in Q3 2024, with notable increases in revenues, cash collections, and portfolio purchases. While facing challenges related to operational aspects and cost management, the company remains focused on leveraging opportunities for growth and profitability in the upcoming year.

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Global Company Hires Leader with Proven Experience in Strategy and M&A NORFOLK, Va. , May 5, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that Rakesh Sehgal will join the company as Senior Vice President and Head of Corporate Development.

PRA Group Announces Rakesh Sehgal as Head of Corporate Development in Newly Created Role

NORFOLK, Va. , April 18, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its first quarter 2022 results after market close on Monday, May 9, 2022, followed by a webcast and conference call at 5 p.m.

PRA Group to Announce First Quarter 2022 Results on May 9

PRA Group (PRAA) refinances its European credit facilities to diversify its lending group.

PRA Group (PRAA) Refinances Its European Credit Facilities

NORFOLK, Va. , April 4, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that on April 1, 2022, it completed the refinancing of its European credit facilities.

PRA Group Announces Refinancing of European Credit Facilities

An escalating expense level and a weak capital position make PRA Group (PRAA) an unattractive stock.

Why Should You Steer Clear of PRA Group (PRAA) Stock Now?

PRA Group (PRAA) reported earnings 30 days ago. What's next for the stock?

Why Is PRA Group (PRAA) Up 1.1% Since Last Earnings Report?

Nonperforming Loans Purchaser Announces First of Three Employee Resource Groups to Begin This Year NORFOLK, Va. , March 30, 2022 /PRNewswire/ -- This Women's History Month, PRA Group, Inc. (Nasdaq: PRAA), is pleased to announce the launch of its Women in Business Advocates (WBA) employee resource group (ERG).

PRA Group Celebrates Women's History Month with Launch of Women in Business Advocates Community

PRA Group had a solid fourth quarter relative to expectations, including a double-digit operating income beat, but cash collections, revenue, and operating income were all down year-over-year.

PRA Group Undervalued, But Needs More Collections Growth To Augment Efficiency

PRA Group's (PRAA) fourth-quarter results reflect lower expenses, partly offset by reduced revenues.

PRA Group (PRAA) Q4 Earnings Beat Estimates, Improve Y/Y

PRA Group, Inc. (PRAA) CEO Kevin Stevenson on Q4 2021 Results - Earnings Call Transcript

PRA Group (PRAA) delivered earnings and revenue surprises of 21.54% and 2.33%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

PRA Group (PRAA) Surpasses Q4 Earnings and Revenue Estimates

NORFOLK, Va., Feb. 28, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the fourth quarter and full year of 2021.

PRA Group Reports Fourth Quarter 2021 Results

NORFOLK, Va., Feb. 7, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its fourth quarter and full year 2021 results after market close on Monday, February 28, 2022, followed by a webcast and conference call at 5 p.m.

PRA Group to Announce Fourth Quarter and Full Year 2021 Results on February 28

NORFOLK, Va., Feb. 4, 2022 /PRNewswire/ -- In the spring of 2019, PRA Group Bankruptcy Counsel Tiffanie Fittes and her family were preparing for their eldest daughter Mackenzie's high school graduation when they noticed a bulge near her right shoulder blade.

World Cancer Day Donation Helps St. Jude Celebrate 60th Anniversary and Close the Care Gap

NORFOLK, Va. , Dec. 15, 2021 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, is adding $250,000 to its annual charitable giving budget in honor of its 25th anniversary year.

In Honor of 25 Years in Business, PRA Group Increases Charitable Giving By $250,000

PRA Group's (PRAA) strong capital position indicates the possibility of a rise in purchasing volumes for 2022.

PRA Group (PRAA) Up 13.2% in 6 Months: More Growth Ahead?

Banking on a solid portfolio and rising cash collections, PRA Group (PRAA) holds enough potential to reap benefits for investors.

Why Should You Hold PRA Group (PRAA) in Your Portfolio?

KILMARNOCK, U.K., Nov. 12, 2021 /PRNewswire/ -- The HALO Urban Regeneration has announced PRA Group, Inc. (Nasdaq: PRAA), a global leader in the nonperforming loan industry, as the anchor tenant of Kilmarnock's HALO Enterprise and Innovation Centre (HEIC), bringing career opportunities and a 15-year commitment to the town. The US-based PRA Group employs 300 people across three locations in Kilmarnock, all of whom will move into two floors at the low carbon development within the 23-acre HALO Digital and Cyber Innovation Park.

Global Leader in Financial Services Finds Sustainable Home at The HALO Kilmarnock

PRA Group's (PRAA) Q3 earnings suffer steep expenses and lower revenues.

PRA Group (PRAA) Q3 Earnings Miss Estimates, Tumble Y/Y

PRA Group, Inc. (PRAA) CEO Kevin Stevenson on Q3 2021 Results - Earnings Call Transcript

PRA Group (PRAA) delivered earnings and revenue surprises of -6.17% and 2.67%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

PRA Group (PRAA) Misses Q3 Earnings Estimates

NORFOLK, Va., Nov. 8, 2021 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the third quarter of 2021.

PRA Group Reports Third Quarter 2021 Results

PRA Group (PRAA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate PRA Group (PRAA) to Report a Decline in Earnings: What to Look Out for

NORFOLK, Va., Nov. 1, 2021 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that its Board of Directors has authorized an increase of $80 million to its existing share repurchase authorization.

PRA Group Announces $80 Million Increase to Share Repurchase Authorization

NORFOLK, Va., Oct. 19, 2021 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its third quarter 2021 results after market close on Monday, November 8, 2021, followed by a webcast and conference call at 5 p.m.

News for PRA Group Stock (PRAA)