Wall Street analysts expect Conn’s, Inc. (NASDAQ:CONN) to announce earnings of ($0.01) per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Conn’s’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.03). Conn’s posted earnings of ($0.04) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 75%. The business is expected to announce its next earnings report on Thursday, September 14th.
According to Zacks, analysts expect that Conn’s will report full year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from ($0.05) to $0.60. For the next fiscal year, analysts expect that the firm will post earnings of $0.90 per share, with EPS estimates ranging from $0.05 to $1.35. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Conn’s.
Conn’s (NASDAQ:CONN) last issued its earnings results on Tuesday, June 6th. The specialty retailer reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.17. Conn’s had a negative return on equity of 0.72% and a negative net margin of 1.18%. The business had revenue of $355.80 million for the quarter, compared to analysts’ expectations of $357.53 million. During the same period in the previous year, the firm posted ($0.31) EPS. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year.
CONN has been the subject of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $28.00 price target (up from $25.00) on shares of Conn’s in a research note on Monday. Zacks Investment Research raised shares of Conn’s from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, July 11th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Conn’s in a research note on Tuesday, June 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price target (up from $19.00) on shares of Conn’s in a research note on Wednesday, June 7th. Finally, ValuEngine raised shares of Conn’s from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.50.
Shares of Conn’s (CONN) traded up 4.22% during midday trading on Monday, hitting $19.75. 139,928 shares of the stock traded hands. Conn’s has a one year low of $6.54 and a one year high of $19.95. The stock’s market cap is $612.51 million. The firm has a 50-day moving average price of $17.47 and a 200 day moving average price of $13.12.
In related news, Director James H. Haworth sold 7,392 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $19.34, for a total value of $142,961.28. Following the sale, the director now directly owns 4,425 shares in the company, valued at approximately $85,579.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas H. Martin bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was acquired at an average price of $17.83 per share, for a total transaction of $178,300.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its stake in Conn’s by 7.1% in the first quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock worth $109,000 after buying an additional 830 shares in the last quarter. Metropolitan Life Insurance Co. NY raised 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 worth $204,000 after buying an additional 14,421 shares in the last quarter. American Assets Investment Management LLC raised its stake in Conn’s by 33.3% in the first quarter. American Assets Investment Management LLC now owns 40,000 shares of the specialty retailer’s stock worth $350,000 after buying an additional 10,000 shares in the last quarter. Hodges Capital Management Inc. raised its stake in Conn’s by 66.7% in the first quarter. Hodges Capital Management Inc. now owns 50,000 shares of the specialty retailer’s stock worth $437,000 after buying an additional 20,000 shares in the last quarter. Finally, Putnam Investments LLC purchased a new stake in Conn’s during the fourth quarter worth about $521,000. Institutional investors and hedge funds own 61.32% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Conn’s, Inc. (NASDAQ:CONN) Expected to Announce Earnings of -$0.01 Per Share” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/08/11/conns-inc-nasdaqconn-expected-to-announce-earnings-of-0-01-per-share-updated-updated-updated.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Conn's Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Conn's Inc. and related companies.