Conn’s, Inc. (NASDAQ:CONN) Expected to Announce Earnings of -$0.01 Per Share

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.

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About Conn’s

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

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