earnings and portfolio recovery associates inc. Resources | BNET
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BNET Industries

Portfolio Recovery Associates Inc. (PRAA) is in the Financial Services Industry

Revenue
Dec 31 2007
$220.7M
Profit
Dec 31 2007
$48.2M
Market Cap
Sep 04 2008
$674.1M

Latest News and Analysis

Additional Resources

  • Portfolio Recovery Associates Acquires Assets of Broussard Partners

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today announced that it has acquired theassets of Broussard Partners & Associates, Inc., which specializes inproviding audit services to local tax authorities in Louisiana....

    Articles 2008-08-01

  • Portfolio Recovery Associates Reports Second Quarter 2008 Results

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today reported net income of $11.4 million,or $0.75 per diluted share, for the quarter ended June 30, 2008. The Company's second-quarter 2008 profit represents...

    Articles 2008-07-29

  • 2008 M&A Activity in the Debt Collection Industry on Target to Exceed 2007 Results Despite Overall Global Decline in M&A

    ROCKVILLE, Md. -- The combined deal value of mergers and acquisitions in the debt collection / accounts receivable management ARM industry could exceed last year's US$1.65 billion, according to Kaulkin Ginsberg, the leading strategic advisor to the industry. Despite the fact that only five M&A transactions closed...

    Articles 2008-07-09

  • Portfolio Recovery Associates to Acquire MuniServices, Enhancing Presence in Government Sector

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today announced that it has entered into adefinitive agreement to acquire MuniServices, LLC, which specializes inrevenue enhancement for government clients. The purchase...

    Articles 2008-06-24

  • Portfolio Recovery Associates to Present at William Blair Growth Stock Conference

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a leading provider of outsourced receivables management, announcedtoday that Steve Fredrickson, CEO, and Kevin Stevenson, CFO, will be makinga presentation to the investment community at the William Blair GrowthStock Conference to be held in Chicago, IL on Wednesday, June 18, 2008.During the...

    Articles 2008-06-17

  • Portfolio Recovery Associates Exiting Third-Party Collections Business

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today announced that it will exit thebusiness of contingent fee third-party portfolio collections overseen byits Anchor Receivables Management unit. The Company will redeploy the...

    Articles 2008-05-16

  • Portfolio Recovery Associates Increases Bank Credit Line to $340 Million

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaultedconsumer receivables and provides a broad range of accounts receivablemanagement services, announced today that it has expanded its bank creditline to $340 million. This represents an increase of $70 million from the Company's existing $270million bank...

    Articles 2008-05-12

  • Portfolio Recovery Associates Reports First Quarter 2008 Results

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today reported net income of $11.9 million,or $0.78 per diluted share, for the quarter ended March 31, 2008. The Company's first-quarter 2008 profit represents...

    Articles 2008-04-28

  • Portfolio Recovery Associates to Announce First Quarter 2008 Results on April 28, 2008

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaultedconsumer receivables and provides a broad range of accounts receivablemanagement services, will announce its first quarter 2008 results on April28, 2008. The earnings announcement, which will be released after the market closes,will be followed at 5:30...

    Articles 2008-04-18

  • Portfolio Recovery Associates Reports Fourth Quarter and Full Year 2007 Results

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today reported net income of $10.7 million,or $0.70 per diluted share, for the quarter ended December 31, 2007. The Company's fourth quarter 2007 earnings...

    Articles 2008-02-21

  • Introduces Portfolio Recovery Associates to our Bluechips Portfolio.

    M2 PRESSWIRE-12 February 2008-International Stock Targets: Introduces Portfolio Recovery Associates to our Bluechips PortfolioC1994-2008 M2 COMMUNICATIONS LTD RDATE:12022008 International Stock Targets is a world renowned independent research firm, based in Johannesburg, South Africa. Along with walking investors through...

    Articles 2008-02-12

  • Portfolio Recovery Associates to Announce Fourth Quarter and Full Year 2007 Results on February 21, 2008

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaultedconsumer receivables and provides a broad range of accounts receivablemanagement services, will announce its fourth quarter and full year 2007results on February 21, 2008. The earnings announcement, which will be released after the market closes,will be...

    Articles 2008-02-11

  • Morning Investor Focus.

    M2 PRESSWIRE-3 January 2008-Businessnetwire.us: Morning Investor FocusC1994-2008 M2 COMMUNICATIONS LTD RDATE:03012008 New York, NY -- BusinessNetWire's "Investor's Update" Focuses on the Following Companies: Carmanah Technologies Corporation (TSX: CMH); Orleans Energy Ltd. (TSX VENTURE: OEX); Aradigm...

    Articles 2008-01-03

  • Portfolio Recovery Associates Appoints Neal Stern as Chief Operations Officer - Owned Portfolios

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaultedconsumer receivables and provides a broad range of accounts receivablemanagement services, today announced the appointment of Neal Stern asSenior Vice President and Chief Operations Officer - Owned Portfolios. In this newly created position, Stern's responsibilities include...

    Articles 2008-01-02

  • Portfolio recovery thrives on bad news

    Collecting bad debts from tapped-out consumers is hardly a glamorous way to make money. But it can be profitable. Portfolio Recovery Associates pays pennies on the dollar to buy accounts that credit-card companies, utilities, hospitals and other businesses have given up for dead. Its staff of 1,000...

    Articles 2007-11-18

  • Portfolio Recovery Associates Reports Third Quarter 2007 Results

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today reported net income of $11.7 million,or $0.75 per diluted share, for the quarter ended September 30, 2007. Separately, the Company announced that it...

    Articles 2007-10-29

  • Portfolio Recovery Associates to Announce Third Quarter 2007 Results on October 29, 2007

    Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaultedconsumer receivables and provides a broad range of accounts receivablemanagement services, will announce its third quarter 2007 results onOctober 29, 2007. The earnings announcement, which will be released after the market closes,will be followed at 5:30...

    Articles 2007-10-19

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  • Incorporated: 2002
  • CEO: Mr. Steven D. Fredrickson
  • Employees: 1,677

Portfolio Recovery Associates is a provider of outsourced receivables management and related services. Co.'s primary business is the purchase, collection and management of portfolios of defaulted consumer receivables, which are the unpaid obligations of individuals to credit originators that include banks, credit unions, consumer and auto finance companies and retail merchants. Through its various subsidiaries, Co. also provides a range of contingent and fee-based services, including collateral-location services for credit originators, fee-based collections as well as revenue administration, audit and debt discovery/recovery services for government entities.

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Portfolio Recovery Associates Inc. Company Info

Board of Directors

Mr. Steven D. Fredrickson

Chairman

Mr. William P. Brophey

Mrs. Penelope W. Kyle

Mr. David N. Roberts

Mr. Scott M. Tabakin

Mr. James M. Voss

Contact Information

120 Corporate Boulevard

Suite 100

Norfolk, VA

http://www.portfoliorecovery.com

888 772-7326

NAICS Code

Collection Agencies: 561440
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