Analysts Expect Conn’s Inc (CONN) to Announce $0.77 EPS

Analysts expect Conn’s Inc (NASDAQ:CONN) to report earnings of $0.77 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Conn’s’ earnings, with estimates ranging from $0.72 to $0.88. Conn’s posted earnings per share of $0.56 during the same quarter last year, which indicates a positive year over year growth rate of 37.5%. The company is expected to announce its next earnings report on Thursday, April 4th.

On average, analysts expect that Conn’s will report full year earnings of $2.38 per share for the current year, with EPS estimates ranging from $2.28 to $2.58. For the next financial year, analysts expect that the firm will report earnings of $3.01 per share, with EPS estimates ranging from $2.79 to $3.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Conn’s.

Conn’s (NASDAQ:CONN) last posted its quarterly earnings data on Tuesday, December 4th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The business had revenue of $373.80 million during the quarter, compared to the consensus estimate of $383.59 million. Conn’s had a net margin of 3.09% and a return on equity of 12.17%. Conn’s’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS.

Several research firms recently issued reports on CONN. ValuEngine raised shares of Conn’s from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Jefferies Financial Group assumed coverage on shares of Conn’s in a research note on Thursday, August 16th. They set a “buy” rating and a $44.00 target price for the company. Stephens cut their target price on shares of Conn’s to $33.00 and set an “overweight” rating for the company in a research note on Wednesday. Compass Point reiterated a “hold” rating and set a $38.50 target price on shares of Conn’s in a research note on Friday, August 17th. Finally, BidaskClub cut shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $41.08.

In related news, insider Brian Daly bought 4,200 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average cost of $23.05 per share, for a total transaction of $96,810.00. Following the purchase, the insider now directly owns 58,533 shares in the company, valued at $1,349,185.65. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.34% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Conn’s by 6.9% in the 2nd quarter. BlackRock Inc. now owns 1,470,515 shares of the specialty retailer’s stock valued at $48,526,000 after buying an additional 94,710 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Conn’s by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,443,047 shares of the specialty retailer’s stock valued at $51,011,000 after buying an additional 78,920 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Conn’s by 87.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 879,797 shares of the specialty retailer’s stock valued at $31,100,000 after buying an additional 410,313 shares in the last quarter. Millennium Management LLC raised its stake in shares of Conn’s by 485.0% in the 2nd quarter. Millennium Management LLC now owns 664,210 shares of the specialty retailer’s stock valued at $21,919,000 after buying an additional 550,663 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Conn’s by 2.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 585,824 shares of the specialty retailer’s stock valued at $20,701,000 after buying an additional 11,943 shares in the last quarter. Hedge funds and other institutional investors own 68.54% of the company’s stock.

NASDAQ CONN opened at $23.73 on Wednesday. The company has a quick ratio of 3.86, a current ratio of 4.57 and a debt-to-equity ratio of 1.57. The firm has a market cap of $792.88 million, a P/E ratio of 11.79, a PEG ratio of 0.46 and a beta of 1.87. Conn’s has a 1 year low of $22.10 and a 1 year high of $42.65.

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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