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PRA Group, Inc. - $PRAA STOCK NEWS

Welcome to our dedicated page for PRA Group news (Ticker: $PRAA), a resource for investors and traders seeking the latest updates and insights on PRA Group stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PRA Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PRA Group's position in the market.

Rhea-AI Summary
PRA Group, Inc. (Nasdaq: PRAA) reported its financial results for Q3 2023. Total portfolio purchases increased 69.9% YoY to $311.2 million. Cash collections were $419.6 million. Estimated remaining collections grew for the second consecutive quarter. Diluted earnings per share were $(0.31). Debt to Adjusted EBITDA for the 12 months ended September 30, 2023, was 2.84x.
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16.64%
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PRA Group to report Q3 2023 results and hold conference call on November 6, 2023
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0.81%
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Pete Graham departs as CFO; Rakesh Sehgal appointed as EVP and CFO.
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-1.46%
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Rhea-AI Summary
PRA Group reports Q2 2023 financial results. Total portfolio purchases increased 41.7% YoY to $327.8 million. Total cash collections were $419.3 million. Diluted earnings per share were $(0.10). Debt to Adjusted EBITDA for the 12 months ended June 30, 2023, was 2.76x. Available capacity under credit facilities of $1.4 billion. Operating expenses decreased by $10.9 million compared to Q2 2022. The Company purchased $327.8 million in portfolios of nonperforming loans in Q2 2023, an increase of 41.7% YoY.
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-1.28%
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4.04%
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-2.87%
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management
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-30.36%
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0.96%
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-3.76%
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PRA Group, Inc.

Nasdaq:PRAA

PRAA Rankings

PRAA Stock Data

981.83M
38.07M
3%
100.58%
2.65%
Collection Agencies
Administrative and Support and Waste Management and Remediation Services
Link
United States of America
NORFOLK

About PRAA

as a global leader in acquiring nonperforming loans, pra group (nasdaq: praa) returns capital to global banks and other creditors to help expand financial services for consumers in the americas and europe. pra group companies collaborate with customers to help them resolve their debt and provide a broad range of additional revenue and recovery services to business and government clients. pra has been recognized as one of fortune's 100 fastest-growing companies for three years and one of forbes' best small companies in america for eight consecutive years since 2007.