Wall Street brokerages expect Conn’s, Inc. (NASDAQ:CONN) to announce sales of $371.91 million for the current quarter, Zacks reports. Four analysts have issued estimates for Conn’s’ earnings. The highest sales estimate is $378.10 million and the lowest is $366.77 million. Conn’s posted sales of $398.16 million in the same quarter last year, which suggests a negative year over year growth rate of 6.6%. The company is scheduled to report its next quarterly earnings results on Thursday, September 14th.

According to Zacks, analysts expect that Conn’s will report full year sales of $371.91 million for the current fiscal year, with estimates ranging from $1.49 billion to $1.54 billion. For the next financial year, analysts anticipate that the business will post sales of $1.55 billion per share, with estimates ranging from $1.48 billion to $1.61 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Conn’s.

Conn’s (NASDAQ:CONN) last released its quarterly earnings data on Tuesday, June 6th. The specialty retailer reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.17. Conn’s had a negative net margin of 1.18% and a negative return on equity of 0.72%. The firm had revenue of $355.80 million for the quarter, compared to analyst estimates of $357.53 million. During the same period last year, the firm earned ($0.31) earnings per share. The business’s quarterly revenue was down 8.6% compared to the same quarter last year.

A number of research firms have recently weighed in on CONN. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Conn’s in a research report on Saturday, April 8th. Stephens reaffirmed an “overweight” rating and issued a $28.00 target price (up from $25.00) on shares of Conn’s in a research report on Monday. Zacks Investment Research raised shares of Conn’s from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, June 7th. ValuEngine raised shares of Conn’s from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 target price (up from $19.00) on shares of Conn’s in a research report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Conn’s presently has an average rating of “Hold” and an average target price of $22.50.

In other news, insider Brian Daly purchased 7,400 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The shares were bought at an average price of $13.52 per share, for a total transaction of $100,048.00. Following the purchase, the insider now directly owns 26,652 shares in the company, valued at approximately $360,335.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder W. R. Jr. Stephens purchased 12,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was purchased at an average price of $18.85 per share, for a total transaction of $226,200.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 29,400 shares of company stock worth $504,548. 3.60% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its position in shares of Conn’s by 839.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,138 shares of the specialty retailer’s stock worth $204,000 after buying an additional 14,421 shares during the last quarter. Bank of Montreal Can bought a new position in Conn’s during the first quarter valued at about $875,000. Stephens Inc. AR boosted its position in Conn’s by 85.5% in the first quarter. Stephens Inc. AR now owns 376,350 shares of the specialty retailer’s stock valued at $3,293,000 after buying an additional 173,416 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Conn’s during the fourth quarter valued at about $1,279,000. Finally, Point72 Asset Management L.P. boosted its position in Conn’s by 77.5% in the first quarter. Point72 Asset Management L.P. now owns 400,000 shares of the specialty retailer’s stock valued at $3,500,000 after buying an additional 174,600 shares in the last quarter. Institutional investors own 61.32% of the company’s stock.

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Conn’s (NASDAQ CONN) traded up 5.62% on Wednesday, hitting $22.55. 842,410 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $18.40 and a 200-day moving average price of $13.61. The stock’s market cap is $699.34 million. Conn’s has a 52-week low of $6.54 and a 52-week high of $22.85.

About Conn’s

Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.

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

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