Conn’s (CONN) Expected to Post Earnings of $0.26 Per Share
Equities analysts expect Conn’s (NASDAQ:CONN) to post earnings per share (EPS) of $0.26 for the current quarter, according to Zacks. Three analysts have provided estimates for Conn’s’ earnings, with estimates ranging from $0.24 to $0.30. Conn’s reported earnings per share of ($0.05) in the same quarter last year, which suggests a positive year over year growth rate of 620%. The company is scheduled to issue its next earnings report on Tuesday, June 5th.
According to Zacks, analysts expect that Conn’s will report full year earnings of $2.24 per share for the current year, with EPS estimates ranging from $1.70 to $2.98. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.68 per share, with EPS estimates ranging from $2.40 to $3.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Conn’s.
Conn’s (NASDAQ:CONN) last posted its quarterly earnings results on Thursday, April 5th. The specialty retailer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. The business had revenue of $420.40 million for the quarter, compared to analysts’ expectations of $429.67 million. Conn’s had a return on equity of 5.72% and a net margin of 0.43%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share.
Conn’s stock traded up $0.22 during mid-day trading on Thursday, hitting $28.72. The stock had a trading volume of 118,847 shares, compared to its average volume of 492,737. The stock has a market cap of $875.60, a price-to-earnings ratio of 30.00, a P/E/G ratio of 0.54 and a beta of 1.71. Conn’s has a 12 month low of $12.85 and a 12 month high of $37.80. The company has a quick ratio of 5.29, a current ratio of 6.58 and a debt-to-equity ratio of 2.04.
In other news, CAO George L. Bchara acquired 7,390 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The stock was acquired at an average cost of $27.41 per share, for a total transaction of $202,559.90. Following the completion of the acquisition, the chief accounting officer now owns 42,816 shares in the company, valued at $1,173,586.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Daly acquired 5,100 shares of the firm’s stock in a transaction that occurred on Monday, April 9th. The shares were purchased at an average price of $27.87 per share, with a total value of $142,137.00. Following the completion of the acquisition, the insider now owns 55,206 shares of the company’s stock, valued at approximately $1,538,591.22. The disclosure for this purchase can be found here. Company insiders own 3.48% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Conn’s by 37,046.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 163,072 shares of the specialty retailer’s stock worth $4,182,000 after acquiring an additional 162,633 shares during the period. Wells Fargo & Company MN raised its holdings in Conn’s by 12.3% in the 3rd quarter. Wells Fargo & Company MN now owns 18,188 shares of the specialty retailer’s stock valued at $512,000 after acquiring an additional 1,996 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in Conn’s in the 3rd quarter valued at $287,000. Arrowstreet Capital Limited Partnership acquired a new position in Conn’s in the 4th quarter valued at $9,452,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in Conn’s by 34.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 115,000 shares of the specialty retailer’s stock valued at $4,089,000 after acquiring an additional 29,713 shares in the last quarter. Hedge funds and other institutional investors own 68.39% of the company’s stock.
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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 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 comprising refrigerators, freezers, washers, dryers, dishwashers, and ranges; and home office products consisting of computers, printers, and accessories.
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