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Last $54.63 USD
Change Today +0.16 / 0.29%
Volume 380.3K
PRAA On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

pra group inc (PRAA) Snapshot

Open
$54.34
Previous Close
$54.47
Day High
$55.00
Day Low
$54.01
52 Week High
11/5/14 - $65.00
52 Week Low
03/4/15 - $47.84
Market Cap
2.6B
Average Volume 10 Days
495.5K
EPS TTM
$3.72
Shares Outstanding
48.5M
EX-Date
05/7/07
P/E TM
14.7x
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.

3,880 Employees
Last Reported Date: 03/2/15
Founded in 1996

pra group inc (PRAA) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $750.0K
Co-Founder, Chief Financial & Administrative ...
Total Annual Compensation: $400.0K
Executive Vice President of Operations
Total Annual Compensation: $350.0K
President of Insolvency Investment Services
Total Annual Compensation: $388.5K
Executive Vice President of Core Acquisitions
Total Annual Compensation: $293.1K
Compensation as of Fiscal Year 2013.

pra group inc (PRAA) Key Developments

PRA Group Expands Norfolk Headquarters

PRA Group has expanded its Norfolk headquarters for the second time in just over a year. With this latest expansion, the company now occupies four buildings in the Riverside Corporate Center, with a total of 158,000 square feet of leased space. The new 28,000-square-foot office space at 150 Corporate Boulevard has undergone an extensive, $2 million remodeling and features an open, modern design.

PRA Group Seeks Acquisitions

PRA Group, Inc. (NasdaqGS:PRAA) is seeking acquisitions. Steve Fredrickson, Chairman, President and Chief Executive Officer, said, "We're also looking at identifying acquisition opportunities both expanding into new geographies and product types."

PRA Group, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2014; Provides Tax Rate Guidance for the Year 2015

PRA Group, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2014. For the quarter, the company reported total revenues of $250,731,000 compared to $184,853,000 a year ago. Income from operations was $109,860,000 compared to $78,344,000 a year ago. Income before income taxes was $93,469,000 compared to $73,491,000 a year ago. Net income attributable to the company was $46,991,000 or $0.93 per diluted share compared to $45,777,000 or $0.91 per diluted share a year ago. Adjusted income from operations was $112,239,000. Adjusted income before income taxes was $95,848,000. Adjusted net income attributable to the company was $48,187,000 or $0.96 per diluted share. Return on average equity was 20.7%. For the quarter, the company reported total revenues of $880,969,000 compared to $735,135,000 a year ago. Income from operations was $342,068,000 compared to $297,527,000 a year ago. Income before income taxes was $301,013,000 compared to $283,065,000 a year ago. Net income attributable to the company was $176,505,000 or $3.50 per diluted share compared to $175,314,000 or $3.45 per diluted share a year ago. Net cash provided by operating activities was $262,073,000 compared to $225,127,000 a year ago. Purchases of property and equipment were $24,385,000 compared to $15,875,000 a year ago. Return on average equity was 20.2% compared to 21.5% a year ago. Return on average assets was 6.9% compared to 11.5% a year ago. Adjusted income from operations was $359,282,000. Adjusted income before income taxes was $326,467,000. Adjusted net income attributable to the company was $191,430,000 or $3.80 per diluted share. Return on average equity was 20.5%. For the year 2015, the company expects tax rate in the range of 35% to 37%.

 

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Industry Analysis

PRAA

Industry Average

Valuation PRAA Industry Range
Price/Earnings 15.6x
Price/Sales 3.1x
Price/Book 3.0x
Price/Cash Flow 13.6x
TEV/Sales 1.3x
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