PRAA Stock Recent News

The consensus price target hints at a 49.3% upside potential for PRA Group (PRAA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

PRA Group's (PRAA) second-quarter results reflect increased cash collections from the United States and Europe, partly offset by elevated compensation and employee services costs.

PRA Group, Inc. (NASDAQ:PRAA ) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Najim Mostamand - Vice President, Investor Relations Vikram Atal - President and Chief Executive Officer Rakesh Sehgal - Executive Vice President and Chief Financial Officer Conference Call Participants David Scharf - Citizens JMP Mark Hughes - Truist Sean-Paul Adams - Raymond James Operator Good evening and welcome to PRA Group's Second Quarter 2024 Conference Call. All participants will be in a listen-only mode.

Executing Successful Turnaround in U.S. Business NORFOLK, Va. , Aug. 5, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the second quarter of 2024 ("Q2 2024").

NORFOLK, Va., July 16, 2024 /PRNewswire/ -- Today, PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, celebrates 10 years since acquiring Aktiv Kapital AS, a business that had been prominent in the same industry throughout Europe and Canada.

NORFOLK, Va., July 15, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its second quarter 2024 results after market close on Monday, August 5, 2024, followed by a webcast and conference call at 5 p.m.

PRA Group allowed inefficiencies and operational issues in collections, purchasing, and overall operations to accumulate, driving terrible results in 2023 and a change in management. New management has moved quickly to make changes to improve operational efficiency and collections performance, leading to positive results in portfolio income and cash collections. Improving the portfolio will take longer, but credit card charge-offs are rising and PRA is well-placed to benefit from higher-yielding purchases over the next couple of years.

Global Financial Services Company Furthers Culture of Inclusivity During Pride Month NORFOLK, Va., June 27, 2024 /PRNewswire/ -- PRA Group, Inc.  (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, yesterday celebrated the launch of its Pride Alliance Employee Resource Group (ERG).

NORFOLK, Va. , May 22, 2024 /PRNewswire/ -- This month, PRA Group (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, celebrated the launch of its ¡Hola!

Seasoned Acquisitions Leader Takes on Expanded Role within PRA Group NORFOLK, Va. , May 21, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Dr. Marcel Köchling as European Investments Officer, effective immediately.