Conn’s, Inc. (NASDAQ:CONN) – Equities research analysts at SunTrust Banks issued their Q3 2018 earnings per share estimates for shares of Conn’s in a note issued to investors on Tuesday. SunTrust Banks analyst D. Magee expects that the specialty retailer will post earnings of ($0.04) per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $33.00 target price on the stock. SunTrust Banks also issued estimates for Conn’s’ Q4 2018 earnings at $0.33 EPS.

Conn’s (NASDAQ:CONN) last posted its earnings results on Thursday, September 7th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.28. The company had revenue of $366.65 million during the quarter, compared to analysts’ expectations of $371.97 million. Conn’s had a positive return on equity of 1.08% and a negative net margin of 0.14%. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. TRADEMARK VIOLATION WARNING: “Analysts Issue Forecasts for Conn’s, Inc.’s Q3 2018 Earnings (CONN)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/26/analysts-issue-forecasts-for-conns-inc-s-q3-2018-earnings-conn.html.

Other research analysts have also issued research reports about the company. Stifel Nicolaus reissued a “buy” rating and set a $26.00 price target (up previously from $20.00) on shares of Conn’s in a research note on Friday, September 8th. BidaskClub lowered Conn’s from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised Conn’s from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, July 11th. Oppenheimer Holdings, Inc. raised Conn’s from a “market perform” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, September 29th. Finally, TheStreet raised Conn’s from a “d+” rating to a “c” rating in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $33.33.

Conn’s (NASDAQ:CONN) traded down 2.61% during midday trading on Thursday, reaching $31.70. The company’s stock had a trading volume of 239,221 shares. The firm’s 50-day moving average price is $25.21 and its 200-day moving average price is $19.99. Conn’s has a 52 week low of $7.75 and a 52 week high of $32.90. The stock’s market capitalization is $989.23 million.

Several hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of Conn’s by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 16,192 shares of the specialty retailer’s stock worth $310,000 after buying an additional 400 shares during the last quarter. American International Group Inc. increased its holdings in shares of Conn’s by 7.1% during the 1st quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock worth $109,000 after buying an additional 830 shares during the last quarter. UBS Group AG increased its holdings in shares of Conn’s by 1.8% during the 1st quarter. UBS Group AG now owns 82,122 shares of the specialty retailer’s stock worth $719,000 after buying an additional 1,431 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Conn’s by 2.5% during the 1st quarter. Geode Capital Management LLC now owns 191,076 shares of the specialty retailer’s stock worth $1,671,000 after buying an additional 4,672 shares during the last quarter. Finally, ClariVest Asset Management LLC acquired a new stake in shares of Conn’s during the 2nd quarter worth $114,000. Institutional investors and hedge funds own 70.76% of the company’s stock.

In other news, major shareholder Harriet C. Stephens acquired 42,000 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was acquired at an average cost of $25.40 per share, for a total transaction of $1,066,800.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Harriet C. Stephens acquired 23,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were purchased at an average price of $25.50 per share, with a total value of $586,500.00. The disclosure for this purchase can be found here. Corporate insiders own 3.48% of the company’s stock.

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.

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

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