Equities research analysts expect Conn’s, Inc. (NASDAQ:CONN) to announce $382.70 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Conn’s’ earnings, with the lowest sales estimate coming in at $375.55 million and the highest estimate coming in at $393.60 million. Conn’s posted sales of $334.16 million in the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The company is scheduled to issue its next quarterly earnings report on Tuesday, December 14th.
According to Zacks, analysts expect that Conn’s will report full-year sales of $1.58 billion for the current fiscal year, with estimates ranging from $1.57 billion to $1.61 billion. For the next financial year, analysts anticipate that the business will report sales of $1.72 billion, with estimates ranging from $1.62 billion to $1.80 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Conn’s.
Conn’s (NASDAQ:CONN) last announced its quarterly earnings results on Tuesday, August 31st. The specialty retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.51. The business had revenue of $418.40 million for the quarter, compared to analyst estimates of $396.74 million. Conn’s had a return on equity of 20.22% and a net margin of 7.75%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share.
Shares of Conn’s stock traded up $0.73 on Wednesday, hitting $23.32. The company had a trading volume of 306,678 shares, compared to its average volume of 356,733. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.33 and a current ratio of 3.19. The stock has a market capitalization of $687.54 million, a price-to-earnings ratio of 6.09, a P/E/G ratio of 0.27 and a beta of 2.58. The stock has a 50 day moving average of $23.62 and a 200-day moving average of $22.11. Conn’s has a 1 year low of $9.06 and a 1 year high of $31.48.
In other Conn’s news, Director Norman Miller sold 15,041 shares of the business’s stock in a transaction on Tuesday, September 7th. The shares were sold at an average price of $25.00, for a total transaction of $376,025.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Snow Lake Holdings, Inc. sold 3,363 shares of the business’s stock in a transaction on Monday, June 21st. The shares were sold at an average price of $26.02, for a total transaction of $87,505.26. Following the sale, the insider now owns 44,135 shares of the company’s stock, valued at $1,148,392.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,537 shares of company stock worth $2,677,709. 4.65% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Intrinsic Edge Capital Management LLC bought a new position in shares of Conn’s in the 1st quarter valued at about $8,836,000. D. E. Shaw & Co. Inc. increased its position in shares of Conn’s by 176.7% during the first quarter. D. E. Shaw & Co. Inc. now owns 622,822 shares of the specialty retailer’s stock worth $12,114,000 after acquiring an additional 397,771 shares during the period. SG Capital Management LLC purchased a new position in Conn’s during the second quarter valued at approximately $9,483,000. Russell Investments Group Ltd. increased its holdings in Conn’s by 486.8% during the second quarter. Russell Investments Group Ltd. now owns 402,725 shares of the specialty retailer’s stock valued at $10,269,000 after buying an additional 334,099 shares during the period. Finally, State Street Corp increased its holdings in Conn’s by 37.1% during the second quarter. State Street Corp now owns 781,197 shares of the specialty retailer’s stock valued at $19,921,000 after buying an additional 211,236 shares during the period. Institutional investors and hedge funds own 55.32% of the company’s stock.
Conn’s, Inc is a holding company, which engages in the retail and provision of consumer goods and related services. The firm also offers proprietary credit solutions for its core credit-constrained consumers through retail stores and its website. It operates through the Retail and Credit segments. The Retail segment sells home appliances to the retail market; and owns and operates retail stores that offer furniture, home appliances, consumer electronics, and home office accessories.
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