Analysts expect that Conn's Inc (NASDAQ:CONN) will post $0.49 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for Conn's’ earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.45. Conn's posted earnings of $0.05 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 880%. The business is expected to issue its next quarterly earnings results on Tuesday, April 3rd.
On average, analysts expect that Conn's will report full-year earnings of $0.88 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $0.94. For the next fiscal year, analysts forecast that the business will report earnings of $2.42 per share, with EPS estimates ranging from $1.95 to $2.98. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Conn's.
Conn's (NASDAQ:CONN) last released its quarterly earnings data on Thursday, December 7th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.14. Conn's had a net margin of 0.21% and a return on equity of 2.64%. The company had revenue of $373.20 million during the quarter, compared to analyst estimates of $372.40 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year.
Conn's (NASDAQ CONN) traded down $1.55 during trading on Tuesday, hitting $30.50. 351,574 shares of the stock traded hands, compared to its average volume of 417,026. Conn's has a 52 week low of $7.75 and a 52 week high of $37.80. The firm has a market capitalization of $1,010.00, a price-to-earnings ratio of 305.00, a P/E/G ratio of 0.58 and a beta of 1.83. The company has a quick ratio of 3.04, a current ratio of 3.94 and a debt-to-equity ratio of 1.84.
In other news, Director David Schofman purchased 1,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average cost of $32.20 per share, with a total value of $32,200.00. Following the acquisition, the director now owns 20,384 shares in the company, valued at $656,364.80. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Anchorage Capital Group, L.L.C sold 1,600,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $34.05, for a total transaction of $54,480,000.00. The disclosure for this sale can be found here. 3.48% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in Conn's during the 4th quarter valued at $366,000. Castleark Management LLC acquired a new stake in Conn's during the 4th quarter valued at $6,175,000. Macquarie Group Ltd. grew its holdings in Conn's by 39.1% during the 4th quarter. Macquarie Group Ltd. now owns 15,300 shares of the specialty retailer’s stock valued at $544,000 after purchasing an additional 4,300 shares in the last quarter. Millennium Management LLC grew its holdings in Conn's by 452.5% during the 4th quarter. Millennium Management LLC now owns 78,419 shares of the specialty retailer’s stock valued at $2,788,000 after purchasing an additional 64,226 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Conn's during the 4th quarter valued at $232,000. 73.18% of the stock is owned by institutional investors and hedge funds.
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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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