Equities analysts expect Conn’s Inc (NASDAQ:CONN) to report earnings per share of $0.53 for the current quarter, Zacks reports. Three analysts have provided estimates for Conn’s’ earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.52. Conn’s posted earnings per share of $0.40 during the same quarter last year, which would suggest a positive year over year growth rate of 32.5%. The company is scheduled to issue its next quarterly earnings report on Thursday, June 6th.
On average, analysts expect that Conn’s will report full-year earnings of $2.81 per share for the current financial year, with EPS estimates ranging from $2.75 to $2.85. For the next year, analysts forecast that the firm will post earnings of $3.24 per share, with EPS estimates ranging from $3.15 to $3.35. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Conn’s.
Get Conn's alerts: Conn’s (NASDAQ:CONN) March 26th. The specialty retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.76 by $0.20. The company had revenue of $432.98 million during the quarter, compared to the consensus estimate of $437.95 million. Conn’s had a net margin of 4.76% and a return on equity of 13.97%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share.
CONN has been the subject of several recent research reports. Stifel Nicolaus decreased their target price on shares of Conn’s from $40.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, January 22nd. BidaskClub raised shares of Conn’s from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Zacks Investment Research downgraded shares of Conn’s from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. ValuEngine raised shares of Conn’s from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Finally, TheStreet raised shares of Conn’s from a “c+” rating to a “b-” rating in a research report on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock target price of $37.50.
In other Conn’s news, VP Todd Renaud sold 2,500 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $25.01, for a total value of $62,525.00. Following the completion of the sale, the vice president now directly owns 38,538 shares of the company’s stock, valued at approximately $963,835.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Corporate insiders own 3.68% of the company’s stock.
Hedge funds have the business. Whittier Trust Co. bought a new stake in Conn’s in the 4th quarter worth about $93,000. Metropolitan Life Insurance Co. NY grew its position in Conn’s by 339.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,959 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 5,376 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Conn’s in the 1st quarter worth about $188,000. Louisiana State Employees Retirement System bought a new stake in Conn’s in the 1st quarter worth about $208,000. Finally, Stone Ridge Asset Management LLC grew its position in Conn’s by 30.2% in the 4th quarter. Stone Ridge Asset Management LLC now owns 11,704 shares of the specialty retailer’s stock worth $221,000 after purchasing an additional 2,718 shares in the last quarter. 70.42% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:CONN traded down $0.90 during midday trading on Monday, hitting $24.25. 437,373 shares of the company’s stock were exchanged, compared to its average volume of 637,240. 1.45, a current ratio of 4.27 and a quick ratio of 3.34. The company has a market cap of $780.10 million, a PE ratio of 9.66, a PEG ratio of 0.39 and a beta of 2.20. Conn’s has a 12 month low of $17.00 and a 12 month high of $42.65.
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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