Conn’s (NASDAQ:CONN) is scheduled to release its earnings data before the market opens on Friday, May 31st. Analysts expect Conn’s to post earnings of $0.53 per share for the quarter.
Conn’s (NASDAQ:CONN) last issued its quarterly earnings data on Tuesday, March 26th. The specialty retailer reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.20. Conn’s had a net margin of 4.76% and a return on equity of 13.97%. The business had revenue of $432.98 million during the quarter, compared to analysts’ expectations of $437.95 million. During the same period in the previous year, the company earned $0.56 earnings per share. Conn’s’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts expect Conn’s to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Conn’s stock opened at $22.43 on Wednesday. The company has a quick ratio of 3.34, a current ratio of 4.27 and a debt-to-equity ratio of 1.45. Conn’s has a 1-year low of $17.00 and a 1-year high of $42.65. The firm has a market capitalization of $711.97 million, a PE ratio of 8.94, a PEG ratio of 0.35 and a beta of 2.22.
In related news, VP Todd Renaud sold 2,500 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $25.01, for a total transaction of $62,525.00. Following the transaction, the vice president now owns 38,538 shares of the company’s stock, valued at $963,835.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.68% of the company’s stock.
A number of brokerages have recently weighed in on CONN. ValuEngine cut shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. TheStreet upgraded shares of Conn’s from a “c+” rating to a “b-” rating in a research note on Wednesday, April 17th. Zacks Investment Research upgraded shares of Conn’s from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Finally, BidaskClub cut shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Conn’s has a consensus rating of “Hold” and a consensus price target of $37.50.
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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