Equities analysts expect Conn’s Inc (NASDAQ:CONN) to announce $0.56 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Conn’s’ earnings, with estimates ranging from $0.53 to $0.60. Conn’s reported earnings of $0.59 per share in the same quarter last year, which would indicate a negative year over year growth rate of 5.1%. The firm is expected to announce its next quarterly earnings results on Tuesday, December 3rd.

On average, analysts expect that Conn’s will report full year earnings of $2.73 per share for the current fiscal year, with EPS estimates ranging from $2.65 to $2.82. For the next year, analysts forecast that the company will post earnings of $3.14 per share, with EPS estimates ranging from $3.00 to $3.25. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Conn’s.

Conn’s (NASDAQ:CONN) last issued its earnings results on Tuesday, September 3rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. The business had revenue of $401.10 million during the quarter, compared to the consensus estimate of $398.10 million. Conn’s had a return on equity of 14.27% and a net margin of 5.35%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS.

Several research firms recently weighed in on CONN. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price objective (up from $28.00) on shares of Conn’s in a research note on Tuesday, September 3rd. KeyCorp set a $41.00 price objective on Conn’s and gave the company a “buy” rating in a research note on Wednesday, September 4th. Zacks Investment Research raised Conn’s from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. ValuEngine raised Conn’s from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, BidaskClub raised Conn’s from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tyers Asset Management LLC increased its stake in Conn’s by 229.5% in the 2nd quarter. Tyers Asset Management LLC now owns 3,216 shares of the specialty retailer’s stock valued at $57,000 after purchasing an additional 2,240 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Conn’s by 218.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,500 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 2,400 shares in the last quarter. Elkfork Partners LLC increased its stake in Conn’s by 229.5% in the 2nd quarter. Elkfork Partners LLC now owns 4,422 shares of the specialty retailer’s stock valued at $79,000 after purchasing an additional 3,080 shares in the last quarter. Meadow Creek Investment Management LLC increased its stake in Conn’s by 229.5% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 5,628 shares of the specialty retailer’s stock valued at $100,000 after purchasing an additional 3,920 shares in the last quarter. Finally, Aperio Group LLC purchased a new position in Conn’s in the 2nd quarter valued at approximately $115,000. 78.65% of the stock is owned by hedge funds and other institutional investors.

NASDAQ CONN traded down $0.29 during mid-day trading on Friday, hitting $26.42. The stock had a trading volume of 304,573 shares, compared to its average volume of 557,011. Conn’s has a 52-week low of $15.40 and a 52-week high of $37.70. The company has a market cap of $776.69 million, a price-to-earnings ratio of 10.53, a P/E/G ratio of 0.42 and a beta of 2.19. The company has a 50 day simple moving average of $20.78 and a 200 day simple moving average of $21.48. The company has a quick ratio of 3.97, a current ratio of 5.01 and a debt-to-equity ratio of 2.01.

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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Earnings History and Estimates for Conn`s (NASDAQ:CONN)

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