Conn’s Inc to Post FY2019 Earnings of $2.30 Per Share, Jefferies Financial Group Forecasts (CONN)
Conn’s Inc (NASDAQ:CONN) – Investment analysts at Jefferies Financial Group decreased their FY2019 EPS estimates for shares of Conn’s in a report issued on Wednesday, December 5th. Jefferies Financial Group analyst K. Joseph now anticipates that the specialty retailer will earn $2.30 per share for the year, down from their previous forecast of $2.37. Jefferies Financial Group currently has a “Buy” rating and a $44.00 target price on the stock. Jefferies Financial Group also issued estimates for Conn’s’ Q1 2020 earnings at $0.63 EPS, Q2 2020 earnings at $0.70 EPS, Q4 2020 earnings at $0.92 EPS, FY2020 earnings at $3.00 EPS, Q3 2021 earnings at $0.89 EPS and FY2021 earnings at $3.48 EPS.
Conn’s (NASDAQ:CONN) last posted its quarterly earnings results on Tuesday, December 4th. The specialty retailer reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. Conn’s had a net margin of 3.09% and a return on equity of 12.17%. The company had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $383.59 million. During the same quarter in the previous year, the business posted $0.18 EPS. The firm’s revenue was up .2% on a year-over-year basis.
NASDAQ CONN opened at $23.73 on Friday. The company has a quick ratio of 3.86, a current ratio of 4.57 and a debt-to-equity ratio of 1.57. Conn’s has a 52 week low of $22.10 and a 52 week high of $42.65. The company has a market cap of $786.54 million, a price-to-earnings ratio of 24.98, a PEG ratio of 0.43 and a beta of 1.87.
In related news, insider Brian Daly bought 4,200 shares of the stock in a transaction dated Thursday, December 6th. The stock was acquired at an average price of $23.05 per share, for a total transaction of $96,810.00. Following the acquisition, the insider now owns 58,533 shares in the company, valued at approximately $1,349,185.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.34% of the company’s stock.
Several institutional investors have recently modified their holdings of CONN. Tower Research Capital LLC TRC raised its position in Conn’s by 24,061.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,141 shares of the specialty retailer’s stock valued at $104,000 after purchasing an additional 3,128 shares during the last quarter. Point72 Hong Kong Ltd raised its position in Conn’s by 213.5% in the 3rd quarter. Point72 Hong Kong Ltd now owns 3,483 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 2,372 shares during the last quarter. NumerixS Investment Technologies Inc raised its position in Conn’s by 1,900.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 3,800 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Conn’s in the 3rd quarter valued at $187,000. Finally, WINTON GROUP Ltd purchased a new stake in Conn’s in the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 68.54% of the company’s stock.
Conn’s Company Profile
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.
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