PRA Group (Nasdaq:PRAA), a world leader in acquiring non-performing consumer debt, has been named one of Fortune’s 100 Fastest-Growing Companies for the third consecutive year.
Companies that meet Fortune’s criteria “are ranked by revenue growth rate, EPS growth rate, and three-year annualized total return for the period ended June 30, 2014. The overall rank is based on the sum of the three ranks,” according to Fortune.
In its 2014 listing, Fortune utilized PRA Group’s three-year annual growth rates of 25% for revenue, 32% for EPS, and 28% for total return to help determine the company’s ranking. This performance helped PRA Group move up nine places to 89th in the 2014 listing from 98th in the 2013 ranking. In addition, Fortune noted that the company beat the three-year annual growth rate of the S&P.
The complete list of Fortune’s 100 Fastest-Growing Companies for 2014 is available at http://fortune.com/100-fastest-growing-companies/.
Portfolio Recovery Associates, Inc., doing business as PRA Group (Nasdaq:PRAA), is a world leader in acquiring non-performing consumer debt. The companies of PRA Group return capital to global banks and other creditors to help expand financial services for consumers in North America and Europe. PRA Group companies collaborate with customers to create affordable, realistic debt repayment plans in compliance with consumer protection laws and provide a broad range of additional revenue and recovery services to business and government clients.
PRA has been recognized as one of Fortune’s 100 Fastest-Growing Companies for the past three years. The company was also named one of Forbes’ Top 25 Best Small Companies in America in 2012 and 2013 and has been annually ranked on the Forbes list since 2007. PRA employs more than 4,000 people and is headquartered in Norfolk, Virginia.