Conn’s, Inc. Forecasted to Post FY2024 Earnings of $1.78 Per Share (NASDAQ:CONN)

Conn’s, Inc. (NASDAQ:CONNGet Rating) – Stock analysts at Oppenheimer dropped their FY2024 earnings per share estimates for Conn’s in a research note issued on Wednesday, August 31st. Oppenheimer analyst B. Nagel now anticipates that the specialty retailer will post earnings per share of $1.78 for the year, down from their previous estimate of $1.83. The consensus estimate for Conn’s’ current full-year earnings is $0.68 per share.

Separately, Stephens decreased their price objective on Conn’s to $13.00 in a report on Friday, June 3rd.

Conn’s Stock Down 1.8 %

CONN stock opened at $9.40 on Thursday. Conn’s has a twelve month low of $7.79 and a twelve month high of $26.92. The company has a market cap of $223.61 million, a PE ratio of 4.03, a price-to-earnings-growth ratio of 0.73 and a beta of 2.41. The business’s 50-day simple moving average is $9.92 and its 200 day simple moving average is $13.68. The company has a quick ratio of 2.25, a current ratio of 3.29 and a debt-to-equity ratio of 1.03.

Conn’s (NASDAQ:CONNGet Rating) last released its earnings results on Wednesday, June 1st. The specialty retailer reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. Conn’s had a return on equity of 11.49% and a net margin of 4.41%. The business had revenue of $339.80 million for the quarter, compared to the consensus estimate of $360.78 million. During the same period last year, the business earned $1.55 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year.

Insider Buying and Selling

In related news, insider Brian Daly sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $9.44, for a total value of $141,600.00. Following the completion of the transaction, the insider now owns 35,921 shares in the company, valued at approximately $339,094.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.64% of the stock is currently owned by corporate insiders.

Institutional Trading of Conn’s

Several institutional investors and hedge funds have recently made changes to their positions in CONN. New York State Common Retirement Fund grew its holdings in shares of Conn’s by 239.0% in the 1st quarter. New York State Common Retirement Fund now owns 43,918 shares of the specialty retailer’s stock valued at $677,000 after buying an additional 30,962 shares during the period. First Eagle Investment Management LLC lifted its position in Conn’s by 202.9% during the 4th quarter. First Eagle Investment Management LLC now owns 68,079 shares of the specialty retailer’s stock worth $1,601,000 after buying an additional 45,600 shares in the last quarter. Gabelli Funds LLC bought a new stake in Conn’s during the 4th quarter worth about $4,704,000. Timelo Investment Management Inc. bought a new stake in Conn’s during the 4th quarter worth about $2,068,000. Finally, Cooper Creek Partners Management LLC lifted its position in Conn’s by 53.1% during the 4th quarter. Cooper Creek Partners Management LLC now owns 1,153,082 shares of the specialty retailer’s stock worth $27,120,000 after buying an additional 399,850 shares in the last quarter. Institutional investors own 81.04% of the company’s stock.

Conn’s Company Profile

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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 flat and other mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges.

See Also

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

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