Wall Street brokerages forecast that Conn’s Inc (NASDAQ:CONN) will announce sales of $377.15 million for the current quarter, Zacks reports. Four analysts have issued estimates for Conn’s’ earnings, with the highest sales estimate coming in at $397.69 million and the lowest estimate coming in at $356.61 million. Conn’s posted sales of $401.06 million in the same quarter last year, which suggests a negative year-over-year growth rate of 6%. The firm is expected to report its next earnings report on Tuesday, September 1st.

According to Zacks, analysts expect that Conn’s will report full year sales of $1.45 billion for the current financial year, with estimates ranging from $1.39 billion to $1.51 billion. For the next fiscal year, analysts expect that the company will post sales of $1.55 billion, with estimates ranging from $1.51 billion to $1.58 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Conn’s.

Conn’s (NASDAQ:CONN) last issued its earnings results on Tuesday, June 9th. The specialty retailer reported ($1.89) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($1.57). Conn’s had a negative return on equity of 1.78% and a negative net margin of 1.06%. The company had revenue of $317.20 million during the quarter, compared to the consensus estimate of $309.86 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. Conn’s’s revenue was down 10.3% on a year-over-year basis.

Several equities research analysts have recently weighed in on the stock. Stephens reaffirmed a “hold” rating and issued a $6.00 price target on shares of Conn’s in a research report on Thursday, April 9th. Oppenheimer assumed coverage on shares of Conn’s in a research report on Wednesday, June 17th. They issued a “hold” rating for the company. Zacks Investment Research raised shares of Conn’s from a “sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Jefferies Financial Group upped their price target on shares of Conn’s from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, ValuEngine raised shares of Conn’s from a “sell” rating to a “hold” rating in a research report on Monday, June 8th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.64.

A number of hedge funds have recently added to or reduced their stakes in CONN. Victory Capital Management Inc. grew its position in Conn’s by 21.6% during the fourth quarter. Victory Capital Management Inc. now owns 8,177 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 1,452 shares during the period. Rhumbline Advisers raised its stake in Conn’s by 3.1% during the fourth quarter. Rhumbline Advisers now owns 66,078 shares of the specialty retailer’s stock worth $819,000 after purchasing an additional 1,976 shares during the period. Swiss National Bank raised its stake in Conn’s by 3.4% during the fourth quarter. Swiss National Bank now owns 36,600 shares of the specialty retailer’s stock worth $453,000 after purchasing an additional 1,200 shares during the period. State Street Corp raised its stake in Conn’s by 19.9% during the fourth quarter. State Street Corp now owns 771,847 shares of the specialty retailer’s stock worth $9,563,000 after purchasing an additional 128,294 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Conn’s by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 246,017 shares of the specialty retailer’s stock worth $3,049,000 after purchasing an additional 6,131 shares during the period. Institutional investors own 63.90% of the company’s stock.

Shares of CONN traded down $0.20 during mid-day trading on Wednesday, hitting $9.78. The company’s stock had a trading volume of 646,500 shares, compared to its average volume of 1,053,548. The company’s 50-day moving average is $8.21 and its 200-day moving average is $7.91. Conn’s has a 52-week low of $2.83 and a 52-week high of $27.57. The firm has a market capitalization of $293.10 million, a price-to-earnings ratio of -15.05 and a beta of 2.34. The company has a current ratio of 6.46, a quick ratio of 5.35 and a debt-to-equity ratio of 3.08.

About Conn’s

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

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