PROG (NYSE:PRG – Get Free Report) issued its earnings results on Wednesday. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22, Briefing.com reports. The business had revenue of $592.16 million for the quarter, compared to analyst estimates of $573.23 million. PROG had a net margin of 4.71% and a return on equity of 26.67%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share.
PROG Stock Performance
Shares of NYSE:PRG traded up $0.16 on Thursday, hitting $42.41. 1,452,705 shares of the company were exchanged, compared to its average volume of 395,078. PROG has a 1-year low of $26.39 and a 1-year high of $44.81. The stock’s 50 day moving average price is $35.16 and its 200 day moving average price is $33.27. The company has a current ratio of 3.91, a quick ratio of 1.83 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $1.83 billion, a P/E ratio of 17.31 and a beta of 2.10.
PROG Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.48 annualized dividend and a dividend yield of 1.13%. PROG’s payout ratio is currently 19.59%.
Analyst Upgrades and Downgrades
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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