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.
PRA Group Inc (NASDAQ: PRAA) provides specialized financial services through its global nonperforming loan acquisition and recovery operations. This news hub offers investors and stakeholders timely updates on corporate developments, strategic initiatives, and market positioning in the debt resolution sector.
Access consolidated information on earnings announcements, regulatory filings, and operational milestones. Track updates across PRA Group's Core and Insolvency segments, including portfolio acquisitions, recovery rate trends, and partnership developments in key markets.
Key focus areas include debt recovery innovations, global expansion efforts, and regulatory compliance updates. The resource serves as an essential monitoring tool for understanding the company's role in credit ecosystem stabilization and distressed asset markets.
Bookmark this page for direct access to verified PRAA disclosures and third-party analyses. Regular updates ensure informed tracking of the company's financial health and industry leadership in North American and European markets.
PRA Group (Nasdaq: PRAA) has launched a Mental Emotional Well-Being Employee Resource Group (ERG) to enhance mental health awareness among employees. This initiative aims to provide support and resources for mental wellness, addressing issues such as grief and anxiety. Led by Chris Tignor and Timothy Santo, the ERG reflects the company’s commitment to mental health, paralleling their support for community programs like EQUI-KIDS. Additionally, PRA Group has contributed $100,000 to the Children's Hospital of the King's Daughters to support mental health initiatives.
PRA Group, Inc. (Nasdaq: PRAA) announced the promotion of Jan Husby to Chief Information Officer, effective immediately. Husby, who has over 30 years of IT experience, previously served as CIO for PRA's European operations. In his new role, he will lead IT strategies across PRA Group's global platform, reporting directly to the CFO. Husby's leadership aims to enhance and integrate information technology to support the company's future evolution. He has a master's in Computer Science from Cornell University.
PRA Group, Inc. (Nasdaq: PRAA) reported its Q1 2022 financial results, showing a net income of $40.0 million, down from $58.4 million year-over-year. Diluted earnings per share fell to $0.97 from $1.27. Total cash collections amounted to $481.0 million, a decrease of $74.9 million compared to Q1 2021, attributed to reduced U.S. collections. The company invested $147.5 million in portfolio purchases. Operating expenses declined by $10.1 million, while the effective tax rate was 11.7%. PRAA plans to report Q2 results on August 8, 2022.
PRA Group, Inc. (PRAA) appointed Rakesh Sehgal as Senior Vice President and Head of Corporate Development, effective May 5, 2022. Based in New York, Rakesh will oversee global corporate development, including mergers and acquisitions. With over two decades of experience, he has managed over $50 billion in M&A transactions at General Electric and GE Capital. CFO Pete Graham emphasized Rakesh's role in driving long-term growth and shareholder value as the company prepares for its next phase of evolution.
PRA Group, Inc. (Nasdaq: PRAA) will announce its first quarter 2022 results on May 9, 2022, after market close, followed by a webcast at 5 p.m. E.T. Interested investors can access the call by dialing 844-835-9982 in the U.S. or 412-317-5267 outside the U.S. Additionally, the company plans to release its second quarter 2022 results on August 8, 2022. As a leading firm in acquiring nonperforming loans, PRA Group aims to help expand financial services across several regions.
PRA Group, Inc. (Nasdaq: PRAA) announced the successful refinancing of its European credit facilities on April 1, 2022. This includes an $800 million UK credit facility and a resized $750 million facility for the rest of Europe. The refinancing process has been supported by both new and existing lenders, enhancing the company's flexibility and lowering borrowing costs. The CFO, Pete Graham, acknowledged the ongoing support from their banking partners during this transition.
PRA Group, Inc. (Nasdaq: PRAA) reported a strong financial performance for Q4 and full year 2021. Net income rose 15% to $34.3 million in Q4, with diluted EPS at $0.79, a 22% increase. Annual net income reached $183.2 million, reflecting a 23% growth. Total cash collections hit a record of $2.1 billion, bolstered by strategic portfolio purchases totaling $972.3 million. The company maintained a healthy cash efficiency ratio of 65.3%. A new $150 million share repurchase program has been authorized, indicating confidence in future growth opportunities.
PRA Group, Inc. (Nasdaq: PRAA) will release its fourth quarter and full year 2021 financial results on February 28, 2022, after market close. A conference call and webcast will follow at 5 p.m. E.T. Investors can access the webcast and slides at the company's investor relations website. Additionally, PRA Group plans to report its first quarter 2022 results after market close on May 9, 2022. As a leader in acquiring and collecting nonperforming loans, PRA Group serves clients in the Americas, Europe, and Australia.
FAQ
What is the current stock price of Pra Group (PRAA)?
What is the market cap of Pra Group (PRAA)?
