Conn’s Inc (CONN) Expected to Post Earnings of $0.41 Per Share
Wall Street brokerages expect that Conn’s Inc (NASDAQ:CONN) will report earnings per share (EPS) of $0.41 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Conn’s’ earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.45. Conn’s posted earnings per share of $0.26 during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.7%. The business is expected to announce its next earnings report before the market opens on Thursday, September 6th.
According to Zacks, analysts expect that Conn’s will report full-year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $1.96 to $2.40. For the next year, analysts forecast that the firm will report earnings of $3.04 per share, with EPS estimates ranging from $2.68 to $3.52. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Conn’s.
Conn’s (NASDAQ:CONN) last issued its earnings results on Monday, June 4th. The specialty retailer reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.13. The business had revenue of $358.40 million for the quarter, compared to analyst estimates of $355.10 million. Conn’s had a net margin of 1.43% and a return on equity of 8.37%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) EPS.
In related news, Director Bob L. Martin sold 8,000 shares of the stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $37.50, for a total transaction of $300,000.00. Following the sale, the director now owns 49,265 shares in the company, valued at $1,847,437.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bob L. Martin sold 6,000 shares of the stock in a transaction dated Friday, July 13th. The stock was sold at an average price of $37.74, for a total transaction of $226,440.00. Following the sale, the director now owns 59,865 shares in the company, valued at approximately $2,259,305.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,000 shares of company stock worth $563,190. 3.34% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in Conn’s by 24,061.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,141 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 3,128 shares during the last quarter. NumerixS Investment Technologies Inc grew its position in Conn’s by 1,900.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 3,800 shares during the last quarter. Cypress Capital Management LLC WY bought a new position in Conn’s in the 1st quarter worth about $252,000. Guggenheim Capital LLC bought a new position in Conn’s in the 1st quarter worth about $255,000. Finally, WINTON GROUP Ltd bought a new position in Conn’s in the 1st quarter worth about $291,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.
Shares of Conn’s stock opened at $39.35 on Wednesday. The stock has a market capitalization of $1.17 billion, a PE ratio of 41.42, a P/E/G ratio of 0.73 and a beta of 1.49. The company has a current ratio of 5.06, a quick ratio of 4.08 and a debt-to-equity ratio of 1.69. Conn’s has a 1 year low of $16.55 and a 1 year high of $39.75.
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its 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, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.
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