CONN'S, Inc. (CONN) Issues FY15 Earnings Guidance
CONN'S, Inc. (NASDAQ:CONN) issued an update on its FY15 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.80-3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.54, Stock Ratings Network reports.
On a related note, analysts at Zacks downgraded shares of CONN'S from an outperform rating to a neutral rating in a research note on Monday, August 4th. They now have a $49.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $61.33.
CONN'S, Inc. (NASDAQ:CONN) opened at 44.83 on Tuesday. CONN'S, Inc. has a 52 week low of $31.17 and a 52 week high of $80.34. The stock has a 50-day moving average of $42.48 and a 200-day moving average of $42.58. The company has a market cap of $1.621 billion and a price-to-earnings ratio of 16.57.
CONN'S (NASDAQ:CONN) last announced its earnings results on Tuesday, September 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.25. The company had revenue of $353.00 million for the quarter, compared to the consensus estimate of $353.65 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. Analysts expect that CONN'S, Inc. will post $3.54 EPS for the current fiscal year.
Conn’s, Inc is a holding company. The Company 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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