Last $56.32 USD
Change Today -1.27 / -2.21%
Volume 405.9K
PRAA On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

portfolio recovery associate (PRAA) Snapshot

Open
$57.21
Previous Close
$57.59
Day High
$57.33
Day Low
$55.69
52 Week High
10/30/13 - $63.96
52 Week Low
02/5/14 - $47.53
Market Cap
2.8B
Average Volume 10 Days
290.9K
EPS TTM
$3.58
Shares Outstanding
50.1M
EX-Date
05/7/07
P/E TM
15.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for PORTFOLIO RECOVERY ASSOCIATE (PRAA)

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portfolio recovery associate (PRAA) Details

Portfolio Recovery Associates Inc. provides outsourced receivables management and related services in the U.S. It purchases, collects, and manages portfolios of defaulted consumer receivables—the unpaid obligations of individuals to banks, credit unions, consumer and auto finance companies, and retail merchants. It also provides collateral location services for creditors, collections and revenue administration, and audit and debt discovery/recovery services for the government. The company’s customers are in the financial-services, auto, retail, utility, health-care, and government sectors. Portfolio Recovery Associates was founded in 1996 and is headquartered in Norfolk, Va.

3,567 Employees
Last Reported Date: 08/6/14
Founded in 1996

portfolio recovery associate (PRAA) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $750.0K
Co-Founder, Chief Financial & Administrative ...
Total Annual Compensation: $400.0K
Executive Vice President of Operations and Ch...
Total Annual Compensation: $350.0K
President of Bankruptcy Services
Total Annual Compensation: $388.5K
Executive Vice President of Core Asset Acquis...
Total Annual Compensation: $293.1K
Compensation as of Fiscal Year 2013.

portfolio recovery associate (PRAA) Key Developments

Portfolio Recovery Associates Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Portfolio Recovery Associates Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $197.343 million against $182.961 million a year ago. Income from operations was $72.464 million against $73.826 million a year ago. Income before income taxes was $61.173 million against $70.903 million a year ago. Net income was $37.507 million against $43.414 million a year ago. Net income attributable to company was $37.507 million or $0.74 per diluted share against $43.599 million or $0.85 per diluted share a year ago. Return on average equity was 16.0% against 22.5% a year ago. Return on average assets was 9.0% against 12.1% a year ago. Adjusted income from operations was $76.516 million, adjusted income before taxes was $71.449 million, adjusted net income was $43.807 million and adjusted net income attributable to company was $43.807 million or $0.87 per diluted share. Adjusted return on average equity was 18.7%. Revenues largely driven by cash collections, included finance receivables income net of principal amortization and net allowance reversals. For the six months, the company reported total revenues of $391.265 million against $352.520 million a year ago. Income from operations was $144.054 million against $139.713 million a year ago. Income before income taxes was $127.904 million against $134.101 million a year ago. Net income was $78.347 million against $81.931 million a year ago. Net income attributable to company was $78.347 million or $1.55 per diluted share against $82.199 million or $1.60 per diluted share a year ago. Net cash provided by operating activities was $102.375 million against $97.329 million a year ago. Purchases of property and equipment were $13.224 million against $6.639 million a year ago. Return on average equity was 17.1% against 21.8% a year ago. Return on average assets was 9.5% against 11.7% a year ago. Adjusted income from operations was $152.467 million, adjusted income before taxes was $142.541 million, adjusted net income was $87.303 million and adjusted net income attributable to company was $87.303 million or $1.73 per diluted share. Adjusted return on average equity was 19.0%.

Portfolio Recovery Associates Inc. Amends its Bylaws

On July 28, 2014, the Board of Directors of Portfolio Recovery Associates Inc. adopted amendments to the company's Bylaws, which became effective immediately upon their adoption. The principal amendments to the Bylaws provide for the shifting of litigation expenses in intra-company litigation, to the fullest extent permitted by law, to an unsuccessful plaintiff who does not obtain a judgment on the merits that substantially achieves, in substance and amount, the full remedy sought, and that a plaintiff in such litigation is required to pay all of its own litigation expenses, as well as all fees, costs and expenses of the company's directors, officers or employees, and will not be entitled to recover such litigation expenses from the Company, regardless of whether the plaintiff is successful. The Board also approved Bylaws Amendments that provide that unless the company consents in writing to the selection of an alternate forum, to the fullest extent permitted by law, a state or federal court in the State of Delaware shall be the exclusive forum for derivate actions or proceedings brought against the company, asserting a breach of fiduciary duty owed by a director, officer or other employee of the company to the company or the company's stockholders, asserting a claim arising pursuant to any provision of the Delaware General Corporation Law, or asserting a claim governed by the internal affairs doctrine. The Bylaws Amendments also include a number of other ministerial, clarifying and conforming changes, including matters concerning Board communications and other Board actions taken by electronic means.

Portfolio Recovery Associates Inc. to Report Q2, 2014 Results on Aug 05, 2014

Portfolio Recovery Associates Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 05, 2014

 

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Valuation PRAA Industry Range
Price/Earnings 16.9x
Price/Sales 3.7x
Price/Book 3.0x
Price/Cash Flow 15.4x
TEV/Sales 2.8x
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