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Last $57.75 USD
Change Today +0.99 / 1.74%
Volume 374.7K
PRAA On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

pra group inc (PRAA) Snapshot

Open
$56.51
Previous Close
$56.76
Day High
$57.83
Day Low
$56.50
52 Week High
11/5/14 - $65.00
52 Week Low
03/4/15 - $47.84
Market Cap
2.8B
Average Volume 10 Days
510.7K
EPS TTM
$4.14
Shares Outstanding
48.3M
EX-Date
05/7/07
P/E TM
13.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for PRA GROUP INC (PRAA)

pra group inc (PRAA) Related Businessweek News

No Related Businessweek News Found

pra group inc (PRAA) Details

Portfolio Recovery Associates Inc. provides outsourced receivables management and related services in the U.S. It purchases, collects, and manages portfolios of defaulted consumer receivables—the unpaid obligations of individuals to banks, credit unions, consumer and auto finance companies, and retail merchants. It also provides collateral location services for creditors, collections and revenue administration, and audit and debt discovery/recovery services for the government. The company’s customers are in the financial-services, auto, retail, utility, health-care, and government sectors. Portfolio Recovery Associates was founded in 1996 and is headquartered in Norfolk, Va.

3,847 Employees
Last Reported Date: 05/8/15
Founded in 1996

pra group inc (PRAA) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $846.2K
Co-Founder, Chief Financial & Administrative ...
Total Annual Compensation: $428.8K
Executive Vice President of Operations
Total Annual Compensation: $350.0K
Chief Executive Officer of Europe
Total Annual Compensation: $244.7K
President of Insolvency Investment Services
Total Annual Compensation: $424.0K
Compensation as of Fiscal Year 2014.

pra group inc (PRAA) Key Developments

PRA Group Expands in German Debt Market; Appoints Udo Kords to Serve as Investment Director for its Insolvency Investment Services Business in Germany

PRA Group announced that it will expand into the German debt purchase market, just more than a year after the global acquisitions of Aktiv Kapital and Pamplona's IVA servicing platform. PRA hired Dr. Udo Kords to serve as the investment director for PRA Group's Insolvency Investment Services business in Germany. He will report to Andrew Berardi, managing director for Insolvency Investment Services in the United Kingdom. Kords and Berardi previously worked together at the investment banking firm Bear Stearns International, where they built a successful platform to purchase German consumer insolvencies in 2007. Kords is the former managing director of Max Deutschland GmbH. Kords, who will be based in Hamburg, Germany, will work closely with Marcel Kochling, PRA's acquisitions director for Central Europe, and Matteo Gervasi, PRA's acquisitions director for Italy and Germany, to manage the company's growing client relationships in Germany.

PRA Group, Inc. Appoints Neil Chakravarty as Senior Vice President, Internal Audit

PRA Group announced the appointment of Neil Chakravarty as a new member of PRA Group's executive management team. Chakravarty will serve as senior vice president, internal audit. Chakravarty reports directly to the audit committee of the company's board of directors, with dotted line to Stevenson. Most recently, Chakravarty was director of corporate audit services for Genworth Financial, Inc. Prior to that he served nearly 10 years with Capital One Financial Corporation and four years with KPMG.

PRA Group, Inc. Reports Consolidated Unaudited Earnings for the First Quarter Ended March 31, 2015

PRA Group, Inc. reported consolidated unaudited earnings for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $245,206,000 compared with $193,922,000 for the same period last year. Income from operations was $96,166,000 compared with $71,582,000 for the same period last year. Income before income taxes was $88,179,000 compared with $66,731,000 for the same period last year. Net income was $58,135,000 or $1.19 diluted per share compared with $40,840,000 or $0.81 diluted per share for the same period last year. Return on average assets was 8.7% compared with 10.0% for the same period last year. Return on average equity was 30.1% compared with 18.2% for the same period last year. The strongest performance relative to its expectations came from its call centers in the Americas. Net core portfolio revenue increased 56%, mainly due to the addition of its European business.

 

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Industry Analysis

PRAA

Industry Average

Valuation PRAA Industry Range
Price/Earnings 14.9x
Price/Sales 3.0x
Price/Book 3.4x
Price/Cash Flow 13.1x
TEV/Sales 1.3x
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