Steve Olsen - PROG Holdings President - Aaron’s Business

PRG Stock  USD 34.87  0.39  1.13%   

Insider

Steve Olsen is President - Aaron’s Business of PROG Holdings since 2020.
Age 49
Tenure 4 years
Address 256 West Data Drive, Draper, UT, United States, 84020-2315
Phone385 351 1369
Webhttps://progholdings.com

PROG Holdings Management Efficiency

The company has Return on Asset of 0.1595 % which means that on every $100 spent on assets, it made $0.1595 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1928 %, implying that it generated $0.1928 on every 100 dollars invested. PROG Holdings' management efficiency ratios could be used to measure how well PROG Holdings manages its routine affairs as well as how well it operates its assets and liabilities. The PROG Holdings' current Return On Equity is estimated to increase to 0.25, while Return On Tangible Assets are projected to decrease to 0.06. At this time, PROG Holdings' Intangible Assets are most likely to increase significantly in the upcoming years. The PROG Holdings' current Fixed Asset Turnover is estimated to increase to 75.77, while Total Current Assets are projected to decrease to roughly 683.8 M.
The company has 608.11 M in debt with debt to equity (D/E) ratio of 1.08, which is OK given its current industry classification. PROG Holdings has a current ratio of 3.25, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist PROG Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, PROG Holdings' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like PROG Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for PROG to invest in growth at high rates of return. When we think about PROG Holdings' use of debt, we should always consider it together with cash and equity.

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PROG Holdings, Inc. operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. PROG Holdings, Inc. was founded in 1955 and is based in Draper, Utah. Prog Hldgs operates under Rental Leasing Services classification in the United States and is traded on New York Stock Exchange. It employs 2023 people. PROG Holdings (PRG) is traded on New York Stock Exchange in USA. It is located in 256 West Data Drive, Draper, UT, United States, 84020-2315 and employs 1,606 people. PROG Holdings is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification.

Management Performance

PROG Holdings Leadership Team

Elected by the shareholders, the PROG Holdings' board of directors comprises two types of representatives: PROG Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PROG. The board's role is to monitor PROG Holdings' management team and ensure that shareholders' interests are well served. PROG Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PROG Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Ray Martinez, Independent Director
Trevor Thatcher, Chief Operations Officer
Caroline Sheu, Independent Director
Debra Fiori, Chief Human Resource Officer
Mike Giordano, Chief Commercial Officer
John CFA, Vice Relations
Todd King, Chief Officer
James Smith, Independent Director
Douglas Curling, Independent Director
George Sewell, Principal Reporting
Cynthia Day, Independent Director
Ray Robinson, Independent Chairman of the Board
Steve Olsen, President - Aaron’s Business
Ryan Ray, Chief Administrative Officer
Kathy Betty, Independent Director
Michael Giordano, Chief Officer
Majdi Haroun, VP Engineering
Brian Garner, Chief Financial Officer
Matt Sewell, Principal Accounting Officer, Vice President - Financial Reporting
Ben Hawksworth, Chief Product and Technology Officer
Marvin Fentress, General Counsel, Corporate Secretary
Mark Delcorps, Director Communications
Steven Michaels, President, Chief Executive Officer, Director
Curtis Doman, Chief Innovation Officer, Director
Sridhar Nallani, Chief Officer

PROG Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is PROG Holdings a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether PROG Holdings is a strong investment it is important to analyze PROG Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PROG Holdings' future performance. For an informed investment choice regarding PROG Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PROG Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in PROG Stock please use our How to Invest in PROG Holdings guide.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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When running PROG Holdings' price analysis, check to measure PROG Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PROG Holdings is operating at the current time. Most of PROG Holdings' value examination focuses on studying past and present price action to predict the probability of PROG Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PROG Holdings' price. Additionally, you may evaluate how the addition of PROG Holdings to your portfolios can decrease your overall portfolio volatility.
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Is PROG Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PROG Holdings. If investors know PROG will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PROG Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.51)
Dividend Share
0.12
Earnings Share
2.47
Revenue Per Share
53.229
Quarterly Revenue Growth
(0.02)
The market value of PROG Holdings is measured differently than its book value, which is the value of PROG that is recorded on the company's balance sheet. Investors also form their own opinion of PROG Holdings' value that differs from its market value or its book value, called intrinsic value, which is PROG Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PROG Holdings' market value can be influenced by many factors that don't directly affect PROG Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PROG Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if PROG Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PROG Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.