Conn’s, Inc. (NASDAQ:CONN) – Analysts at SunTrust Banks decreased their Q4 2018 earnings per share (EPS) estimates for shares of Conn’s in a research report issued on Thursday. SunTrust Banks analyst D. Magee now anticipates that the specialty retailer will post earnings per share of $0.19 for the quarter, down from their prior estimate of $0.30.
Conn’s (NASDAQ:CONN) last issued its earnings results on Thursday, September 7th. The specialty retailer reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.28. The business had revenue of $366.65 million for the quarter, compared to the consensus estimate of $371.97 million. Conn’s had a negative net margin of 0.14% and a positive return on equity of 1.08%. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) earnings per share. COPYRIGHT VIOLATION NOTICE: This piece was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://transcriptdaily.com/2017/09/12/conns-inc-expected-to-post-q4-2018-earnings-of-0-19-per-share-conn.html.
Several other research analysts also recently commented on CONN. Zacks Investment Research downgraded Conn’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 3rd. Stifel Nicolaus restated a “buy” rating and issued a $20.00 target price (up previously from $19.00) on shares of Conn’s in a research note on Wednesday, June 7th. ValuEngine upgraded Conn’s from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Conn’s in a research report on Tuesday, June 20th. Finally, Stephens reiterated an “overweight” rating and set a $28.00 price target (up previously from $25.00) on shares of Conn’s in a research report on Monday, July 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.00.
Shares of Conn’s (CONN) traded down 1.71% during trading on Monday, reaching $23.05. 559,712 shares of the company were exchanged. The firm’s 50 day moving average price is $20.42 and its 200 day moving average price is $16.13. Conn’s has a one year low of $7.75 and a one year high of $24.10. The company’s market capitalization is $714.85 million.
In other Conn’s news, major shareholder W. R. Jr. Stephens bought 12,000 shares of Conn’s stock in a transaction dated Friday, July 14th. The shares were purchased at an average cost of $18.85 per share, with a total value of $226,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.48% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CONN. Bank of Montreal Can bought a new stake in Conn’s in the first quarter worth $875,000. Parametric Portfolio Associates LLC boosted its holdings in Conn’s by 9.2% in the first quarter. Parametric Portfolio Associates LLC now owns 101,198 shares of the specialty retailer’s stock worth $885,000 after acquiring an additional 8,529 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in Conn’s by 66.7% in the first quarter. Hodges Capital Management Inc. now owns 50,000 shares of the specialty retailer’s stock worth $437,000 after acquiring an additional 20,000 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Conn’s by 10.2% during the first quarter. SG Americas Securities LLC now owns 75,778 shares of the specialty retailer’s stock valued at $663,000 after purchasing an additional 7,040 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Conn’s by 7.1% during the first quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 830 shares in the last quarter. Institutional investors own 71.41% of the company’s stock.
Conn’s Company Profile
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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