PROG (NYSE:PRG – Get Free Report) released its earnings results on Wednesday. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.76 by $0.01, Briefing.com reports. The company had revenue of $606.10 million during the quarter, compared to analysts’ expectations of $601.86 million. PROG had a return on equity of 26.30% and a net margin of 4.57%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS.
PROG Trading Down 1.9 %
PRG stock traded down $0.81 during midday trading on Friday, hitting $42.09. 300,590 shares of the company’s stock were exchanged, compared to its average volume of 411,196. The stock’s fifty day moving average price is $47.00 and its 200-day moving average price is $39.76. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.80 and a current ratio of 3.87. The company has a market cap of $1.82 billion, a PE ratio of 17.52 and a beta of 2.11. PROG has a one year low of $26.39 and a one year high of $50.28.
PROG Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.48 annualized dividend and a yield of 1.14%. PROG’s dividend payout ratio is presently 19.59%.
Analyst Ratings Changes
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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.
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