Wall Street brokerages predict that Conn’s Inc (NASDAQ:CONN) will report earnings of $0.51 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Conn’s’ earnings, with estimates ranging from $0.48 to $0.53. Conn’s posted earnings per share of $0.57 in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.5%. The company is expected to report its next quarterly earnings results on Tuesday, September 3rd.
According to Zacks, analysts expect that Conn’s will report full year earnings of $2.74 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.77. For the next financial year, analysts forecast that the firm will report earnings of $3.14 per share, with EPS estimates ranging from $3.00 to $3.25. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Conn’s.
Conn’s (NASDAQ:CONN) last released its quarterly earnings data on Friday, May 31st. The specialty retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $353.50 million for the quarter, compared to analyst estimates of $366.66 million. Conn’s had a return on equity of 14.38% and a net margin of 5.22%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share.
NASDAQ:CONN traded down $0.25 on Thursday, hitting $19.43. The company’s stock had a trading volume of 145,594 shares, compared to its average volume of 394,511. The company has a current ratio of 5.41, a quick ratio of 4.28 and a debt-to-equity ratio of 1.90. The stock has a fifty day moving average of $19.09 and a two-hundred day moving average of $21.40. The firm has a market capitalization of $626.91 million, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 0.31 and a beta of 2.21. Conn’s has a one year low of $15.40 and a one year high of $42.65.
In other news, Director William E. Saunders, Jr. bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were bought at an average price of $17.97 per share, with a total value of $179,700.00. Following the completion of the transaction, the director now owns 43,743 shares of the company’s stock, valued at $786,061.71. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Lee A. Wright bought 5,882 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average cost of $17.03 per share, for a total transaction of $100,170.46. Following the transaction, the chief operating officer now directly owns 203,189 shares of the company’s stock, valued at approximately $3,460,308.67. The disclosure for this purchase can be found here. Insiders bought 27,647 shares of company stock worth $480,228 in the last ninety days. 3.68% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of CONN. Bank of New York Mellon Corp grew its position in shares of Conn’s by 30.7% in the fourth quarter. Bank of New York Mellon Corp now owns 151,628 shares of the specialty retailer’s stock valued at $2,859,000 after purchasing an additional 35,596 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in Conn’s during the fourth quarter worth approximately $224,000. Bank of America Corp DE grew its position in Conn’s by 2.5% during the fourth quarter. Bank of America Corp DE now owns 42,163 shares of the specialty retailer’s stock worth $795,000 after buying an additional 1,011 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in Conn’s by 339.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,959 shares of the specialty retailer’s stock worth $131,000 after buying an additional 5,376 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Conn’s by 28.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,875,092 shares of the specialty retailer’s stock worth $35,365,000 after buying an additional 411,845 shares in the last quarter. 77.23% of the stock is currently owned by institutional investors.
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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