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PRA Group Inc.

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PRA Group’s first-quarter 2016 earnings missed the Zacks Consensus Estimate and declined year over year. Going forward, the company intends to execute its strategy in such a way that will enable it to reap the benefits of its access to low cost capital, low operation costs, scale and underwriting ability in every market. In addition, the company intends to generate exceptional profitability over the long term. Operating in competitive accounts receivable management industry coupled with drop in total estimated collections compared with purchase price ratio and higher interest expenses are headwinds. Nevertheless, its strength lies in growth of its core portfolios and profitable investments. The acquisitions of Aktiv Kapital and the IVA platform have been enhancing PRA Group’s debt portfolio and strengthening its foothold in the U.K. Purchase of finance receivables, strong balance sheet and inorganic growth strategies are other positives.


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