Conn’s Inc. (CONN) Updates Q4 Earnings Guidance
Conn’s Inc. (NASDAQ:CONN) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.75-0.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.93, AmericanBankingNews.com reports. Conn’s also updated its FY15 guidance to $3.40-3.70 EPS.
Conn’s Inc. (NASDAQ:CONN) opened at 37.50 on Thursday. Conn’s Inc. has a 52-week low of $29.63 and a 52-week high of $80.34. The stock has a 50-day moving average of $64.50 and a 200-day moving average of $62.86. The company has a market cap of $1.350 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 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.36 earnings per share. Conn’s's revenue was up 50.6% compared to the same quarter last year. On average, analysts predict that Conn’s Inc. will post $2.77 earnings per share for the current fiscal year.
CONN has been the subject of a number of recent research reports. 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 issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $76.09.
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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