Equities research analysts expect Conn’s Inc (NASDAQ:CONN) to report earnings of $0.58 per share for the current quarter, Zacks reports. Four analysts have made estimates for Conn’s’ earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.62. Conn’s posted earnings per share of $0.18 during the same quarter last year, which suggests a positive year-over-year growth rate of 222.2%. The company is scheduled to announce its next earnings results on Thursday, December 6th.

On average, analysts expect that Conn’s will report full year earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.27 to $2.52. For the next year, analysts forecast that the firm will post earnings of $3.13 per share, with EPS estimates ranging from $2.70 to $3.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Conn’s.

Conn’s (NASDAQ:CONN) last released its quarterly earnings data on Tuesday, September 4th. The specialty retailer reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.16. The business had revenue of $384.60 million for the quarter, compared to analyst estimates of $383.96 million. Conn’s had a return on equity of 10.05% and a net margin of 2.25%. Conn’s’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share.

A number of brokerages have recently commented on CONN. ValuEngine lowered Conn’s from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. BidaskClub raised Conn’s from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Stifel Nicolaus lifted their price target on Conn’s from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, June 8th. Zacks Investment Research upgraded Conn’s from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Friday, September 7th. Finally, KeyCorp raised their price objective on Conn’s from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 10th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Conn’s presently has a consensus rating of “Buy” and an average target price of $41.31.

Shares of CONN stock traded up $0.10 during mid-day trading on Friday, reaching $35.20. 30,323 shares of the stock traded hands, compared to its average volume of 614,918. Conn’s has a 1-year low of $21.65 and a 1-year high of $42.65. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 0.63 and a beta of 1.62. The company has a current ratio of 4.83, a quick ratio of 3.86 and a debt-to-equity ratio of 1.61.

In other Conn’s news, Director Bob L. Martin sold 8,000 shares of Conn’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $37.50, for a total value of $300,000.00. Following the completion of the sale, the director now directly owns 49,265 shares in the company, valued at $1,847,437.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Schofman sold 2,000 shares of Conn’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $36.50, for a total value of $73,000.00. The disclosure for this sale can be found here. Insiders have sold 16,000 shares of company stock valued at $599,440 over the last 90 days. 3.34% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of CONN. Swiss National Bank increased its holdings in shares of Conn’s by 8.6% during the first quarter. Swiss National Bank now owns 35,200 shares of the specialty retailer’s stock valued at $1,197,000 after acquiring an additional 2,800 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Conn’s by 7.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 123,281 shares of the specialty retailer’s stock valued at $4,192,000 after acquiring an additional 8,281 shares in the last quarter. Engineers Gate Manager LP increased its holdings in shares of Conn’s by 119.0% during the first quarter. Engineers Gate Manager LP now owns 36,100 shares of the specialty retailer’s stock valued at $1,227,000 after acquiring an additional 19,615 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Conn’s by 2.1% during the first quarter. Northern Trust Corp now owns 249,609 shares of the specialty retailer’s stock valued at $8,487,000 after acquiring an additional 5,241 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Conn’s by 40.1% during the first quarter. JPMorgan Chase & Co. now owns 415,767 shares of the specialty retailer’s stock valued at $14,136,000 after acquiring an additional 119,075 shares in the last quarter. Institutional investors and hedge funds own 67.08% of the company’s stock.

About Conn’s

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.

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