Equities analysts predict that Conn’s Inc (NASDAQ:CONN) will announce $366.68 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Conn’s’ earnings. The lowest sales estimate is $363.46 million and the highest is $369.95 million. Conn’s posted sales of $358.39 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.3%. The firm is scheduled to report its next quarterly earnings report on Thursday, June 6th.
According to Zacks, analysts expect that Conn’s will report full year sales of $1.63 billion for the current year, with estimates ranging from $1.61 billion to $1.65 billion. For the next financial year, analysts anticipate that the company will post sales of $1.74 billion, with estimates ranging from $1.72 billion to $1.80 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow Conn’s.
Conn’s (NASDAQ:CONN) last issued its quarterly earnings data on Tuesday, March 26th. The specialty retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.20. The firm had revenue of $432.98 million for the quarter, compared to analyst estimates of $437.95 million. Conn’s had a net margin of 4.76% and a return on equity of 13.97%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS.
Shares of Conn’s stock traded up $0.22 during trading on Friday, reaching $22.33. The company had a trading volume of 224,860 shares, compared to its average volume of 542,219. The firm has a market cap of $711.97 million, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.36 and a beta of 2.22. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.34 and a current ratio of 4.27. Conn’s has a fifty-two week low of $17.00 and a fifty-two week high of $42.65.
In other news, VP Todd Renaud sold 2,500 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $25.01, for a total value of $62,525.00. Following the sale, the vice president now owns 38,538 shares in the company, valued at approximately $963,835.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.68% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC acquired a new stake in Conn’s during the first quarter worth about $25,000. Investors Research Corp acquired a new stake in Conn’s during the first quarter worth about $106,000. Whittier Trust Co. acquired a new stake in Conn’s during the fourth quarter worth about $93,000. Metropolitan Life Insurance Co. NY raised its stake in Conn’s by 339.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,959 shares of the specialty retailer’s stock worth $131,000 after acquiring an additional 5,376 shares during the period. Finally, Mason Street Advisors LLC acquired a new stake in Conn’s during the first quarter worth about $179,000. Hedge funds and other institutional investors own 81.05% of the company’s stock.
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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