Conn’s (CONN) Set to Announce Earnings on Tuesday

Conn’s (NASDAQ:CONN) will release its earnings data before the market opens on Tuesday, December 4th. Analysts expect Conn’s to post earnings of $0.58 per share for the quarter.

Conn’s (NASDAQ:CONN) last released its quarterly earnings data on Tuesday, September 4th. The specialty retailer reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.16. Conn’s had a return on equity of 10.05% and a net margin of 2.25%. The business had revenue of $384.60 million for the quarter, compared to analyst estimates of $383.96 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts expect Conn’s to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Conn’s stock opened at $27.91 on Monday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.86 and a current ratio of 4.83. Conn’s has a 12 month low of $22.10 and a 12 month high of $42.65. The company has a market capitalization of $885.08 million, a price-to-earnings ratio of 29.38, a P/E/G ratio of 0.49 and a beta of 1.85.

In other news, Director David Schofman sold 2,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $36.50, for a total transaction of $73,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.34% of the company’s stock.

Several research firms have commented on CONN. ValuEngine lowered Conn’s from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. BidaskClub lowered Conn’s from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Zacks Investment Research upgraded Conn’s from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Friday, September 7th. Compass Point reiterated a “hold” rating and set a $38.50 target price on shares of Conn’s in a research report on Friday, August 17th. Finally, Jefferies Financial Group began coverage on Conn’s in a research report on Thursday, August 16th. They set a “buy” rating and a $44.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $42.50.

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Conn’s Company Profile

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.

Further Reading: How to Invest in a Bull Market

Earnings History for Conn`s (NASDAQ:CONN)

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