Conn’s Inc. (CONN) Issues FY15 Earnings Guidance
Conn’s Inc. (NASDAQ:CONN) updated its FY15 earnings guidance on Thursday. The company provided EPS guidance of $3.40-3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.96, American Banking and Market News reports. Conn’s also updated its Q4 guidance to $0.75-0.80 EPS.
A number of research firms have recently commented on CONN. Analysts at Oppenheimer downgraded shares of Conn’s from an outperform rating to a market perform rating in a research note on Thursday. On a related note, analysts at Stephens downgraded shares of Conn’s from an overweight rating to an equal weight rating in a research note on Thursday. Finally, analysts at Zacks downgraded shares of Conn’s from an outperform rating to a neutral rating in a research note on Wednesday, February 5th. They now have a $69.60 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Conn’s currently has an average rating of Buy and a consensus price target of $76.09.
Conn’s Inc. (NASDAQ:CONN) opened at 37.55 on Thursday. Conn’s Inc. has a 1-year low of $29.63 and a 1-year high of $80.34. The stock’s 50-day moving average is $64.50 and its 200-day moving average is $62.86. The company has a market cap of $1.352 billion and a price-to-earnings ratio of 24.31.
Conn’s (NASDAQ:CONN) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.02. The company had revenue of $310.90 million for the quarter, compared to the consensus estimate of $289.90 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 50.6% on a year-over-year basis. Analysts expect that Conn’s Inc. will post $2.77 EPS for the current fiscal year.
Conn’s, Inc, is a specialty retailer of durable consumer products, and it also provides consumer credit to support its customers’ purchases of the products that it offer.
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