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PROG HOLDINGS, INC.

(PRG)
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Progressive Leasing Launches ProgCentral, a New Lease-to-Own Experience for Merchants

09/07/2021 | 08:30am EDT

Progressive Leasing, owned by PROG Holdings, Inc. has launched ProgCentral, a new retailer management platform that allows merchants to easily manage every aspect of their lease-to-own business from a computer, tablet, or mobile device. ProgCentral offers retailers increased self-service management of their lease-to-own offerings through Progressive Leasing while increasing the speed and ease of the lease-purchase process for customers. Its numerous functionality updates include a streamlined user experience and enhanced search, reporting, and security features. The new platform, which was developed in-house by Progressive Leasing, also gives merchants the ability to transfer an approved lease within the same retail chain. This allows customers to initiate a lease online and complete the transaction in store, or to apply for a lease at one physical store location and finalize the purchase at another due to added product availability or convenience. The launch of ProgCentral follows Progressive Leasing’s recent release of enhanced one-click retailer plug-ins for Magento 2 and WooCommerce that simplify the retailer integration and customer application processes while shortening the time between lease application and checkout completion. Rollout of the new portal to the thousands of e-commerce and brick and mortar stores offering Progressive Leasing’s payment options has already begun. The Company expects to complete the partner transition to ProgCentral by the end of first quarter of 2022.


ę S&P Capital IQ 2021
All news about PROG HOLDINGS, INC.
09/10PROG : Appoints Two New Independent Directors to Board (Form 8-K)
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09/09PROG : Appoints Two New Independent Directors to Board
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09/09PROG Holdings, Inc. Announces Board Appointments
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09/07PROGRESSIVE LEASING : Launches ProgCentral, a New Lease-to-Own Experience for Merchants
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09/07Progressive Leasing Launches ProgCentral, a New Lease-to-Own Experience for Merchants
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08/09INSIDER TRENDS : 90-Day Buying Trend Prolonged with Insider Purchase of PROG Holdings Stoc..
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08/05INSIDER TRENDS : Insider Purchase Continues PROG Holdings Positive Trend
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08/04INSIDER TRENDS : PROG Holdings Insider 90-Day Buying Trend Prolonged with Purchase
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08/02PROG : Raymond James Adjusts PROG Holdings' Price Target to $60 from $65, Keeps Outperform..
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07/29PROG : Posts Higher Non-GAAP Earnings, Revenue in Q2; Raises FY21 Guidance
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Analyst Recommendations on PROG HOLDINGS, INC.
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Financials (USD)
Sales 2021 2 765 M - -
Net income 2021 259 M - -
Net Debt 2021 - - -
P/E ratio 2021 11,6x
Yield 2021 -
Capitalization 2 955 M 2 955 M -
Capi. / Sales 2021 1,07x
Capi. / Sales 2022 0,92x
Nbr of Employees 1 868
Free-Float 72,4%
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Technical analysis trends PROG HOLDINGS, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 8
Last Close Price 44,43 $
Average target price 69,14 $
Spread / Average Target 55,6%
EPS Revisions
Managers and Directors
Steven A. Michaels President, Chief Executive Officer & Director
Brian Garner Chief Financial Officer
Ray M. Robinson Chairman
Ben Hawksworth Chief Product & Technology Officer
Matt Ball Vice President-Research & Development
Sector and Competitors