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Sep 30, 2021
Pra Group Q3 2021 Earnings Report
Reported net income of $34.5 million, driven by portfolio purchases and share repurchases.
Key Takeaways
PRA Group reported a net income of $34.5 million for the third quarter of 2021, compared to $42.5 million in the prior year period. The company deployed almost $400 million in the third quarter, making it one of their largest portfolio purchasing quarters. They also repurchased $74 million of common stock at an average price of $41.10.
Total portfolio purchases of $391.9 million, an increase of $172.3 million, or 78%, from the second quarter of 2021.
Estimated remaining collections (ERC) of $6.1 billion, an increase of $91 million from the second quarter of 2021.
Total cash collections were $488.4 million.
Common stock repurchases of $74 million, or 1.8 million shares, at an average price of $41.10.
Revenue by Geographic Location
Forward Guidance
The Company is also announcing that it currently plans to report fourth quarter 2021 results after market close on February 28, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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