Conn’s Inc (CONN) to Post Q4 2019 Earnings of $0.88 Per Share, Oppenheimer Forecasts

Conn’s Inc (NASDAQ:CONN) – Research analysts at Oppenheimer raised their Q4 2019 earnings estimates for Conn’s in a report released on Tuesday, December 4th. Oppenheimer analyst B. Nagel now anticipates that the specialty retailer will post earnings of $0.88 per share for the quarter, up from their previous forecast of $0.81.

Several other brokerages have also recently weighed in on CONN. Jefferies Financial Group initiated coverage on shares of Conn’s in a research report on Thursday, August 16th. They issued a “buy” rating and a $44.00 price target on the stock. ValuEngine raised shares of Conn’s from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Zacks Investment Research cut shares of Conn’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Stephens dropped their price target on shares of Conn’s to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Compass Point reaffirmed a “hold” rating and issued a $38.50 price target on shares of Conn’s in a research report on Friday, August 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $40.93.



Shares of NASDAQ CONN opened at $24.99 on Friday. Conn’s has a fifty-two week low of $22.10 and a fifty-two week high of $42.65. The stock has a market capitalization of $786.54 million, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.43 and a beta of 1.87. The company has a current ratio of 4.57, a quick ratio of 3.86 and a debt-to-equity ratio of 1.57.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its stake in Conn’s by 24,061.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,141 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 3,128 shares during the last quarter. Point72 Hong Kong Ltd increased its stake in Conn’s by 213.5% in the 3rd quarter. Point72 Hong Kong Ltd now owns 3,483 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 2,372 shares during the last quarter. NumerixS Investment Technologies Inc increased its stake in Conn’s by 1,900.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the specialty retailer’s stock valued at $131,000 after buying an additional 3,800 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Conn’s in the 3rd quarter valued at about $187,000. Finally, WINTON GROUP Ltd purchased a new stake in Conn’s in the 3rd quarter valued at about $216,000. 68.54% of the stock is currently owned by institutional investors and hedge funds.

Conn’s Company Profile

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.

See Also: Book Value Per Share in Stock Trading

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

Receive News & Ratings for Conn's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply