Equities research analysts expect Conn’s Inc (NASDAQ:CONN) to report $0.51 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Conn’s’ earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.28. Conn’s reported earnings per share of $0.96 during the same quarter last year, which would indicate a negative year-over-year growth rate of 46.9%. The firm is scheduled to issue its next earnings report on Tuesday, March 24th.
According to Zacks, analysts expect that Conn’s will report full-year earnings of $2.39 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.82. For the next financial year, analysts forecast that the business will report earnings of $2.49 per share, with EPS estimates ranging from $1.84 to $3.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Conn’s.
Conn’s (NASDAQ:CONN) last announced its earnings results on Tuesday, December 10th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. The firm had revenue of $377.70 million during the quarter, compared to analyst estimates of $394.29 million. Conn’s had a net margin of 5.37% and a return on equity of 13.89%. Conn’s’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS.
CONN has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Conn’s from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 7th. KeyCorp set a $41.00 price target on shares of Conn’s and gave the company a “buy” rating in a report on Wednesday, September 4th. Zacks Investment Research downgraded shares of Conn’s from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine downgraded shares of Conn’s from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Finally, Stephens cut their price target on shares of Conn’s from $33.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $25.50.
In other Conn’s news, VP Todd Renaud sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $24.67, for a total value of $74,010.00. Following the completion of the sale, the vice president now directly owns 35,141 shares of the company’s stock, valued at approximately $866,928.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.68% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in Conn’s by 2.1% in the 2nd quarter. Northern Trust Corp now owns 417,565 shares of the specialty retailer’s stock valued at $7,441,000 after acquiring an additional 8,547 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Conn’s during the third quarter valued at about $5,065,000. 6 Meridian purchased a new stake in Conn’s during the third quarter valued at about $286,000. Prudential Financial Inc. lifted its stake in Conn’s by 9.4% during the second quarter. Prudential Financial Inc. now owns 363,395 shares of the specialty retailer’s stock valued at $6,476,000 after buying an additional 31,290 shares in the last quarter. Finally, AJ Wealth Strategies LLC purchased a new stake in Conn’s during the third quarter valued at about $249,000. 72.45% of the stock is owned by institutional investors.
CONN traded down $0.59 on Friday, reaching $12.59. The company had a trading volume of 2,216,964 shares, compared to its average volume of 1,035,956. The company has a fifty day moving average of $21.75 and a 200-day moving average of $21.12. The company has a market capitalization of $378.81 million, a P/E ratio of 5.02, a PEG ratio of 0.21 and a beta of 2.03. The company has a current ratio of 4.92, a quick ratio of 3.97 and a debt-to-equity ratio of 2.04. Conn’s has a one year low of $12.53 and a one year high of $27.57.
Conn’s Company Profile
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges.
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