Upbound Group (UPBD) Set to Announce Earnings on Thursday

Upbound Group (NASDAQ:UPBD) is scheduled to be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Upbound Group to post earnings of $0.76 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $994.27 million. Upbound Group had a positive return on equity of 32.65% and a negative net margin of 0.13%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.86 EPS. On average, analysts expect Upbound Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Upbound Group Trading Down 2.1 %

Shares of NASDAQ UPBD opened at $31.73 on Tuesday. The business has a 50 day simple moving average of $33.01 and a 200 day simple moving average of $31.87. Upbound Group has a 52 week low of $25.00 and a 52 week high of $36.17. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -264.39, a PEG ratio of 4.24 and a beta of 2.01. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.65 and a current ratio of 3.12.

Upbound Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Wednesday, April 3rd were paid a dividend of $0.37 per share. The ex-dividend date was Tuesday, April 2nd. This represents a $1.48 annualized dividend and a dividend yield of 4.66%. Upbound Group’s dividend payout ratio (DPR) is -1,233.23%.

Analyst Upgrades and Downgrades

UPBD has been the topic of several analyst reports. Stephens raised shares of Upbound Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 2nd. TD Cowen assumed coverage on Upbound Group in a report on Friday, March 8th. They set an “outperform” rating and a $43.00 price objective on the stock. Finally, KeyCorp raised their price objective on Upbound Group from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $38.17.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown acquired 991 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were acquired at an average cost of $30.68 per share, for a total transaction of $30,403.88. Following the completion of the purchase, the director now owns 83,138 shares of the company’s stock, valued at approximately $2,550,673.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Upbound Group news, Director Jeffrey J. Brown acquired 991 shares of Upbound Group stock in a transaction dated Monday, April 22nd. The stock was bought at an average cost of $30.68 per share, with a total value of $30,403.88. Following the completion of the transaction, the director now owns 83,138 shares of the company’s stock, valued at $2,550,673.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anthony J. Blasquez sold 12,485 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $33.18, for a total transaction of $414,252.30. Following the completion of the sale, the executive vice president now owns 58,967 shares in the company, valued at approximately $1,956,525.06. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Upbound Group Company Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.