earnings
confidence high
sentiment negative
materiality 0.70
PRA Group Q1 net income $40M ($0.97 EPS); revenue $240.6M; cash collections $481M
PRA GROUP INC
2022-Q1 EPS reported
$0.97
revenue$240,605,000
- Net income attributable to PRA Group was $40.0M, down from $58.4M in Q1 2021; diluted EPS $0.97 vs $1.27.
- Total revenues $240.6M; cash collections $481.0M, down $74.9M YoY due to lower U.S. call center and legal collections.
- Portfolio purchases $147.5M, reflecting continued low U.S. supply and increased European competition.
- Repurchased 0.9M shares for $39.5M at avg $45.88; $127.7M remaining under authorization.
- Cash efficiency ratio 65.1%; available capacity under credit facilities $571.1M after borrowing base restrictions.