Analysts Offer Predictions for Conn's Inc’s Q4 2018 Earnings (CONN)
Conn's Inc (NASDAQ:CONN) – Oppenheimer Holdings boosted their Q4 2018 earnings per share (EPS) estimates for Conn's in a research note issued on Tuesday, Zacks Investment Research reports. Oppenheimer Holdings analyst B. Nagel now anticipates that the specialty retailer will earn $0.12 per share for the quarter, up from their prior forecast of $0.10. Oppenheimer Holdings has a “Hold” rating on the stock.
Conn's (NASDAQ:CONN) last posted its quarterly earnings results on Tuesday, April 4th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.16. The business earned $432.80 million during the quarter, compared to analyst estimates of $440.37 million. Conn's had a negative return on equity of 1.82% and a negative net margin of 1.51%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. WARNING: This story was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/04/21/conns-inc-conn-forecasted-to-post-q4-2018-earnings-of-0-12-per-share-updated.html.
Separately, Zacks Investment Research lowered shares of Conn's from a “hold” rating to a “sell” rating in a report on Thursday, February 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $16.00.
Conn's (NASDAQ:CONN) traded up 5.037% during midday trading on Wednesday, hitting $14.075. The stock had a trading volume of 712,885 shares. The stock has a 50-day moving average price of $9.74 and a 200 day moving average price of $10.69. Conn's has a 12-month low of $6.54 and a 12-month high of $15.77. The firm’s market cap is $435.72 million.
A number of institutional investors have recently modified their holdings of the company. Creative Planning increased its stake in Conn's by 3.1% in the third quarter. Creative Planning now owns 10,051 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 300 shares during the period. Laurion Capital Management LP bought a new stake in Conn's during the third quarter valued at approximately $114,000. Metropolitan Life Insurance Co. NY increased its stake in Conn's by 839.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,138 shares of the specialty retailer’s stock valued at $204,000 after buying an additional 14,421 shares during the period. Ellington Management Group LLC bought a new stake in Conn's during the fourth quarter valued at approximately $311,000. Finally, Hodges Capital Management Inc. bought a new stake in Conn's during the fourth quarter valued at approximately $379,000. Hedge funds and other institutional investors own 59.77% of the company’s stock.
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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