Conn’s (NASDAQ:CONN) announced its earnings results on Tuesday. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.67, MarketWatch Earnings reports. Conn’s had a negative net margin of 1.62% and a negative return on equity of 3.61%. The firm had revenue of $367.80 million for the quarter, compared to analyst estimates of $373.10 million. During the same quarter in the prior year, the business posted $0.20 EPS. The business’s revenue was down 10.9% compared to the same quarter last year.
Shares of NASDAQ CONN traded up $2.11 during trading hours on Thursday, hitting $21.56. 54,352 shares of the stock were exchanged, compared to its average volume of 337,049. The company has a debt-to-equity ratio of 1.51, a quick ratio of 3.47 and a current ratio of 4.47. The company has a market cap of $629.62 million, a PE ratio of -26.16 and a beta of 2.59. The company’s fifty day simple moving average is $15.12 and its two-hundred day simple moving average is $12.73. Conn’s has a 1-year low of $3.13 and a 1-year high of $19.89.
In related news, VP Todd Renaud sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 6th. The shares were sold at an average price of $12.41, for a total transaction of $49,640.00. Following the sale, the vice president now owns 42,963 shares in the company, valued at approximately $533,170.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.14% 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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