Conn’s, Inc. (CONN) to Release Quarterly Earnings on Wednesday
Conn’s, Inc. (NASDAQ:CONN) is scheduled to be announcing its earnings results before the market opens on Wednesday, September 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.
Conn’s (NASDAQ:CONN) last released its quarterly earnings data on Tuesday, June 6th. The specialty retailer reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.17. The firm had revenue of $355.80 million during the quarter, compared to analyst estimates of $357.53 million. Conn’s had a negative return on equity of 0.72% and a negative net margin of 1.18%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.31) earnings per share. On average, analysts expect Conn’s to post $0.49 EPS for the current fiscal year and $1.26 EPS for the next fiscal year.
Shares of Conn’s, Inc. (CONN) opened at 17.70 on Wednesday. The stock’s market cap is $548.93 million. Conn’s, Inc. has a 1-year low of $6.55 and a 1-year high of $23.75. The stock’s 50 day moving average price is $20.58 and its 200-day moving average price is $15.43.
CONN has been the subject of several recent analyst reports. Zacks Investment Research cut Conn’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 3rd. ValuEngine raised Conn’s from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised Conn’s from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Stifel Nicolaus reissued a “buy” rating and set a $20.00 target price (up previously from $19.00) on shares of Conn’s in a research note on Wednesday, June 7th. Finally, Stephens reissued an “overweight” rating and set a $28.00 target price (up previously from $25.00) on shares of Conn’s in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.50.
In other news, major shareholder W. R. Jr. Stephens purchased 12,000 shares of the stock in a transaction dated Friday, July 14th. The stock was acquired at an average cost of $18.85 per share, for a total transaction of $226,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas H. Martin purchased 10,000 shares of the stock in a transaction dated Wednesday, June 7th. The shares were purchased at an average price of $17.83 per share, with a total value of $178,300.00. The disclosure for this purchase can be found here. Company insiders own 3.48% 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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