Conn’s (NASDAQ:CONN) Posts Earnings Results

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.

A number of research analysts have issued reports on the stock. TheStreet upgraded shares of Conn’s from a “d” rating to a “c-” rating in a research report on Monday, January 11th. Zacks Investment Research lowered shares of Conn’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 8th. Finally, Oppenheimer restated a “hold” rating on shares of Conn’s in a research report on Wednesday, December 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.80.

About Conn’s

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 for Conn`s (NASDAQ:CONN)

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