Equities analysts expect that Conn's Inc (NASDAQ:CONN) will report $0.49 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Conn's’ earnings. The highest EPS estimate is $0.55 and the lowest is $0.45. Conn's posted earnings per share of $0.05 during the same quarter last year, which would suggest a positive year over year growth rate of 880%. The business is scheduled to report its next earnings results on Tuesday, April 3rd.
On average, analysts expect that Conn's will report full year earnings of $0.88 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $0.94. For the next year, analysts anticipate that the company will report earnings of $2.28 per share, with EPS estimates ranging from $1.95 to $2.49. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Conn's.
Conn's (NASDAQ:CONN) last issued its quarterly earnings data on Thursday, December 7th. The specialty retailer reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. The company had revenue of $373.20 million during the quarter, compared to the consensus estimate of $372.40 million. Conn's had a net margin of 0.21% and a return on equity of 2.64%. Conn's’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share.
A number of equities analysts recently commented on CONN shares. Zacks Investment Research raised shares of Conn's from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, December 12th. Oppenheimer reissued a “buy” rating and issued a $40.00 price objective on shares of Conn's in a research note on Thursday, December 7th. KeyCorp reissued an “overweight” rating and issued a $42.00 price objective (up previously from $24.00) on shares of Conn's in a research note on Wednesday, October 18th. BidaskClub raised shares of Conn's from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, SunTrust Banks reissued a “buy” rating and issued a $33.00 price objective on shares of Conn's in a research note on Thursday, October 19th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $37.50.
Shares of Conn's (NASDAQ:CONN) traded up $1.00 during trading hours on Friday, reaching $31.00. 137,337 shares of the company were exchanged, compared to its average volume of 384,816. The company has a market capitalization of $947.39, a P/E ratio of 68.64, a price-to-earnings-growth ratio of 0.58 and a beta of 1.84. Conn's has a 52 week low of $7.75 and a 52 week high of $37.80. The company has a quick ratio of 3.04, a current ratio of 3.94 and a debt-to-equity ratio of 1.84.
In other Conn's news, major shareholder Anchorage Capital Group, L.L.C sold 1,600,000 shares of Conn's stock in a transaction on Monday, December 18th. The shares were sold at an average price of $34.05, for a total value of $54,480,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David Schofman purchased 1,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was purchased at an average cost of $32.20 per share, for a total transaction of $32,200.00. Following the completion of the acquisition, the director now directly owns 20,384 shares of the company’s stock, valued at approximately $656,364.80. The disclosure for this purchase can be found here. 3.48% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in shares of Conn's by 2.5% during the second quarter. Wells Fargo & Company MN now owns 16,192 shares of the specialty retailer’s stock valued at $310,000 after buying an additional 400 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Conn's by 110.2% during the third quarter. Quantbot Technologies LP now owns 3,864 shares of the specialty retailer’s stock valued at $108,000 after buying an additional 2,026 shares during the last quarter. Rational Advisors LLC purchased a new stake in shares of Conn's during the third quarter valued at $108,000. Allianz Asset Management GmbH purchased a new stake in shares of Conn's during the third quarter valued at $224,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of Conn's during the third quarter valued at $241,000. 71.09% of the stock is currently owned by hedge funds and other institutional investors.
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Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.
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