Brokerages forecast that Conn’s Inc (NASDAQ:CONN) will announce $0.42 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Conn’s’ earnings, with estimates ranging from $0.33 to $0.47. Conn’s reported earnings of $0.26 per share in the same quarter last year, which suggests a positive year over year growth rate of 61.5%. The firm is scheduled to announce its next earnings report on Thursday, September 6th.
On average, analysts expect that Conn’s will report full year earnings of $2.24 per share for the current financial year, with EPS estimates ranging from $1.96 to $2.40. For the next year, analysts expect that the business will report earnings of $3.02 per share, with EPS estimates ranging from $2.68 to $3.52. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Conn’s.
Conn’s (NASDAQ:CONN) last issued its earnings results on Monday, June 4th. The specialty retailer reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.13. The firm had revenue of $358.40 million for the quarter, compared to the consensus estimate of $355.10 million. Conn’s had a return on equity of 8.37% and a net margin of 1.43%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS.
In other Conn’s news, Director Bob L. Martin sold 8,000 shares of Conn’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $37.50, for a total transaction of $300,000.00. Following the transaction, the director now directly owns 49,265 shares of the company’s stock, valued at approximately $1,847,437.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Todd Renaud sold 1,000 shares of Conn’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $36.75, for a total value of $36,750.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,000 shares of company stock worth $563,190. 3.34% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. NumerixS Investment Technologies Inc raised its position in shares of Conn’s by 1,900.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the specialty retailer’s stock worth $131,000 after acquiring an additional 3,800 shares in the last quarter. Two Sigma Investments LP bought a new stake in Conn’s in the 4th quarter valued at about $229,000. Cypress Capital Management LLC WY bought a new stake in Conn’s in the 1st quarter valued at about $252,000. Guggenheim Capital LLC bought a new stake in Conn’s in the 1st quarter valued at about $255,000. Finally, WINTON GROUP Ltd bought a new stake in Conn’s in the 1st quarter valued at about $291,000. 68.62% of the stock is currently owned by hedge funds and other institutional investors.
Conn’s opened at $34.35 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.08 and a current ratio of 5.06. Conn’s has a twelve month low of $16.55 and a twelve month high of $38.55. The firm has a market cap of $1.11 billion, a P/E ratio of 36.16, a PEG ratio of 0.68 and a beta of 1.49.
Conn’s Company Profile
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.
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