Zacks: Analysts Expect Conn’s Inc (NASDAQ:CONN) to Post $0.51 EPS

Equities analysts expect that Conn’s Inc (NASDAQ:CONN) will post earnings per share of $0.51 for the current quarter, according to Zacks. Four analysts have made estimates for Conn’s’ earnings. The highest EPS estimate is $0.53 and the lowest is $0.48. Conn’s reported earnings per share of $0.57 during the same quarter last year, which would indicate a negative year over year growth rate of 10.5%. The business is expected to announce its next quarterly earnings results on Tuesday, September 3rd.

According to Zacks, analysts expect that Conn’s will report full year earnings of $2.74 per share for the current financial year, with EPS estimates ranging from $2.70 to $2.77. For the next financial year, analysts expect that the firm will post earnings of $3.14 per share, with EPS estimates ranging from $3.00 to $3.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Conn’s.

Conn’s (NASDAQ:CONN) last released its earnings results on Friday, May 31st. The specialty retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $353.50 million for the quarter, compared to the consensus estimate of $366.66 million. Conn’s had a return on equity of 14.38% and a net margin of 5.22%. Conn’s’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share.

CONN has been the topic of a number of recent research reports. Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. BidaskClub downgraded Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, TheStreet raised Social Reality from a “d+” rating to a “c-” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Conn’s presently has a consensus rating of “Hold” and a consensus price target of $36.00.

Shares of NASDAQ:CONN traded up $0.22 during midday trading on Tuesday, reaching $20.46. The company had a trading volume of 270,937 shares, compared to its average volume of 519,627. The company has a debt-to-equity ratio of 1.90, a quick ratio of 4.28 and a current ratio of 5.41. The company’s 50 day moving average is $18.26. The firm has a market capitalization of $646.06 million, a PE ratio of 8.15, a PEG ratio of 0.31 and a beta of 2.26. Conn’s has a 1-year low of $15.40 and a 1-year high of $42.65.

In other Conn’s news, Chairman Norman Miller purchased 11,765 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $17.03 per share, with a total value of $200,357.95. Following the completion of the transaction, the chairman now directly owns 388,761 shares in the company, valued at $6,620,599.83. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William E. Saunders, Jr. purchased 10,000 shares of the stock in a transaction on Wednesday, June 5th. The shares were acquired at an average cost of $17.97 per share, for a total transaction of $179,700.00. Following the transaction, the director now owns 43,743 shares of the company’s stock, valued at $786,061.71. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 27,647 shares of company stock worth $480,228. 3.68% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CONN. Investors Research Corp acquired a new position in Conn’s during the first quarter worth approximately $106,000. Aperio Group LLC acquired a new position in Conn’s during the second quarter worth approximately $115,000. Metropolitan Life Insurance Co. NY increased its position 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 buying an additional 5,376 shares during the last quarter. SG Americas Securities LLC acquired a new position in Conn’s during the second quarter worth approximately $168,000. Finally, Eidelman Virant Capital acquired a new position in Conn’s during the second quarter worth approximately $178,000. 76.99% of the stock is currently owned by hedge funds and other institutional investors.

Conn’s Company Profile

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

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