PROG (PRG) Projected to Release Quarterly Earnings on Wednesday

PROG (NYSE:PRG) is projected to announce its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect the company to announce earnings of $0.96 per share and revenue of $713.4950 million for the quarter. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Individuals may review the information on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 8:30 AM ET.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.46. PROG had a net margin of 5.88% and a return on equity of 21.94%. The company had revenue of $742.67 million during the quarter, compared to analysts’ expectations of $732.70 million. During the same quarter in the prior year, the company earned $0.90 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. On average, analysts expect PROG to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PROG Trading Up 1.0%

NYSE:PRG opened at $45.44 on Wednesday. The firm has a market capitalization of $1.82 billion, a P/E ratio of 12.41 and a beta of 1.78. PROG has a 52 week low of $25.80 and a 52 week high of $47.73. The company has a fifty day moving average of $39.56 and a 200 day moving average of $34.72. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21.

PROG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.56 annualized dividend and a yield of 1.2%. PROG’s payout ratio is 15.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PRG shares. Loop Capital cut PROG from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a report on Wednesday, July 1st. Wall Street Zen lowered shares of PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Jefferies Financial Group upgraded PROG from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $60.00 in a report on Wednesday, July 8th. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $45.00 price objective on shares of PROG in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.36.

Institutional Investors Weigh In On PROG

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vident Advisory LLC raised its holdings in PROG by 17.2% in the fourth quarter. Vident Advisory LLC now owns 22,133 shares of the fintech holding company’s stock valued at $653,000 after buying an additional 3,253 shares during the period. State of Tennessee Department of Treasury lifted its holdings in shares of PROG by 6.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 26,887 shares of the fintech holding company’s stock worth $872,000 after purchasing an additional 1,680 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of PROG by 18.8% during the fourth quarter. Mackenzie Financial Corp now owns 72,343 shares of the fintech holding company’s stock valued at $2,186,000 after buying an additional 11,435 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of PROG by 9.8% in the 4th quarter. Empowered Funds LLC now owns 133,730 shares of the fintech holding company’s stock worth $3,944,000 after acquiring an additional 11,912 shares during the period. Finally, XTX Topco Ltd acquired a new stake in PROG in the 4th quarter valued at about $395,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

About PROG

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.