Brokerages forecast that Conn’s Inc (NASDAQ:CONN) will post $393.59 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Conn’s’ earnings, with the highest sales estimate coming in at $397.20 million and the lowest estimate coming in at $390.19 million. Conn’s reported sales of $373.82 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The company is scheduled to report its next earnings results on Tuesday, December 3rd.
According to Zacks, analysts expect that Conn’s will report full-year sales of $1.61 billion for the current financial year. For the next fiscal year, analysts forecast that the business will report sales of $1.72 billion, with estimates ranging from $1.69 billion to $1.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Conn’s.
Conn’s (NASDAQ:CONN) last announced its quarterly earnings data on Tuesday, September 3rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.11. The business had revenue of $401.10 million for the quarter, compared to analysts’ expectations of $398.10 million. Conn’s had a return on equity of 14.27% and a net margin of 5.35%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS.
NASDAQ:CONN traded up $0.03 on Friday, reaching $26.70. 625,559 shares of the company’s stock were exchanged, compared to its average volume of 557,443. The firm has a market cap of $758.05 million, a price-to-earnings ratio of 10.64, a P/E/G ratio of 0.42 and a beta of 2.19. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.01 and a quick ratio of 3.97. The stock has a fifty day simple moving average of $20.51 and a 200-day simple moving average of $21.44. Conn’s has a 52 week low of $15.40 and a 52 week high of $37.70.
Several institutional investors and hedge funds have recently made changes to their positions in CONN. Tyers Asset Management LLC lifted its position in shares of Conn’s by 229.5% during the 2nd quarter. Tyers Asset Management LLC now owns 3,216 shares of the specialty retailer’s stock valued at $57,000 after buying an additional 2,240 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Conn’s by 218.2% in the second quarter. Riverhead Capital Management LLC now owns 3,500 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 2,400 shares in the last quarter. Elkfork Partners LLC raised its position in shares of Conn’s by 229.5% in the second quarter. Elkfork Partners LLC now owns 4,422 shares of the specialty retailer’s stock valued at $79,000 after purchasing an additional 3,080 shares during the period. Meadow Creek Investment Management LLC raised its position in shares of Conn’s by 229.5% in the second quarter. Meadow Creek Investment Management LLC now owns 5,628 shares of the specialty retailer’s stock valued at $100,000 after purchasing an additional 3,920 shares during the period. Finally, Aperio Group LLC purchased a new stake in shares of Conn’s during the 2nd quarter valued at approximately $115,000. Hedge funds and other institutional investors own 78.65% 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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