Upbound Group (UPBD) Scheduled to Post Quarterly Earnings on Thursday

Upbound Group (NASDAQ:UPBD) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Upbound Group to post earnings of $0.76 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.04. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $994.27 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts expect Upbound Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Upbound Group Stock Performance

Shares of UPBD opened at $31.80 on Thursday. The company has a market cap of $1.75 billion, a PE ratio of -264.98, a price-to-earnings-growth ratio of 4.06 and a beta of 2.01. The firm has a 50-day moving average of $33.05 and a 200-day moving average of $31.79. Upbound Group has a one year low of $23.61 and a one year high of $36.17. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.12 and a quick ratio of 0.65.

Upbound Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Wednesday, April 3rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date was Tuesday, April 2nd. Upbound Group’s payout ratio is currently -1,233.23%.

Analysts Set New Price Targets

UPBD has been the topic of several research analyst reports. KeyCorp upped their price objective on Upbound Group from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. TD Cowen started coverage on Upbound Group in a report on Friday, March 8th. They set an “outperform” rating and a $43.00 price target for the company. Finally, Stephens raised shares of Upbound Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a buy rating, According to MarketBeat, Upbound Group presently has a consensus rating of “Buy” and an average target price of $38.17.

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown purchased 991 shares of Upbound Group stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average cost of $30.68 per share, for a total transaction of $30,403.88. Following the purchase, the director now directly owns 83,138 shares of the company’s stock, valued at approximately $2,550,673.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Upbound Group news, Director Jeffrey J. Brown purchased 991 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were acquired at an average cost of $30.68 per share, for a total transaction of $30,403.88. Following the completion of the purchase, the director now owns 83,138 shares of the company’s stock, valued at approximately $2,550,673.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony J. Blasquez sold 12,485 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $33.18, for a total transaction of $414,252.30. Following the transaction, the executive vice president now directly owns 58,967 shares in the company, valued at $1,956,525.06. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Upbound Group Company Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.