Conn’s (NASDAQ:CONN) issued its earnings results on Tuesday. The specialty retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07, Briefing.com reports. Conn’s had a return on equity of 13.89% and a net margin of 5.37%. The business had revenue of $377.70 million during the quarter, compared to analyst estimates of $394.29 million. During the same period in the previous year, the company posted $0.59 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year.
CONN stock opened at $13.18 on Friday. The company has a market capitalization of $378.81 million, a P/E ratio of 5.25, a price-to-earnings-growth ratio of 0.21 and a beta of 2.03. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.97 and a current ratio of 4.92. Conn’s has a 52-week low of $13.03 and a 52-week high of $27.57. The business has a 50-day simple moving average of $22.02 and a two-hundred day simple moving average of $21.16.
A number of equities analysts have issued reports on the company. BidaskClub downgraded Conn’s from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 7th. Compass Point reiterated a “neutral” rating and set a $23.50 price target (down previously from $30.00) on shares of Conn’s in a research note on Tuesday. Stephens cut their price target on Conn’s from $33.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus downgraded Conn’s from a “buy” rating to a “hold” rating and cut their price target for the company from $31.00 to $15.00 in a research note on Wednesday. Finally, Zacks Investment Research downgraded Conn’s from a “hold” rating to a “sell” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $25.50.
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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