Upbound Group (NASDAQ:UPBD – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.55-4.00 for the period, compared to the consensus earnings per share estimate of $3.81. The company issued revenue guidance of $4.00-4.20 billion, compared to the consensus revenue estimate of $4.13 billion.
Wall Street Analyst Weigh In
UPBD has been the subject of several recent analyst reports. TD Cowen assumed coverage on Upbound Group in a research note on Friday, March 8th. They set an outperform rating and a $43.00 target price for the company. KeyCorp upped their price objective on Upbound Group from $39.00 to $41.00 and gave the stock an overweight rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $38.17.
View Our Latest Analysis on UPBD
Upbound Group Price Performance
Upbound Group (NASDAQ:UPBD – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.05 billion. Upbound Group had a positive return on equity of 33.40% and a negative net margin of 0.61%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. Equities analysts anticipate that Upbound Group will post 3.76 earnings per share for the current fiscal year.
Upbound Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Wednesday, April 3rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Tuesday, April 2nd. Upbound Group’s payout ratio is -321.74%.
Insider Activity
In related news, EVP Anthony J. Blasquez sold 12,485 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $33.18, for a total value of $414,252.30. Following the transaction, the executive vice president now owns 58,967 shares of the company’s stock, valued at approximately $1,956,525.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Anthony J. Blasquez sold 12,485 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $33.18, for a total value of $414,252.30. Following the completion of the sale, the executive vice president now owns 58,967 shares in the company, valued at $1,956,525.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey J. Brown acquired 991 shares of Upbound Group stock in a transaction on Monday, April 22nd. The stock was purchased at an average cost of $30.68 per share, with a total value of $30,403.88. Following the completion of the transaction, the director now directly owns 83,138 shares in the company, valued at approximately $2,550,673.84. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company’s stock.
About Upbound Group
Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.
Read More
- Five stocks we like better than Upbound Group
- How to Capture the Benefits of Dividend Increases
- MarketBeat Week in Review – 4/29 – 5/3
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- How to Use the MarketBeat Dividend Calculator
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Upbound Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upbound Group and related companies with MarketBeat.com's FREE daily email newsletter.