Upbound Group (NASDAQ:UPBD – Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Upbound Group to post earnings of $0.76 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Upbound Group (NASDAQ:UPBD – Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.04. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $994.27 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts expect Upbound Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Upbound Group Stock Performance
Shares of UPBD opened at $31.80 on Thursday. The company has a market cap of $1.75 billion, a PE ratio of -264.98, a price-to-earnings-growth ratio of 4.06 and a beta of 2.01. The firm has a 50-day moving average of $33.05 and a 200-day moving average of $31.79. Upbound Group has a one year low of $23.61 and a one year high of $36.17. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.12 and a quick ratio of 0.65.
Upbound Group Dividend Announcement
Analysts Set New Price Targets
UPBD has been the topic of several research analyst reports. KeyCorp upped their price objective on Upbound Group from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. TD Cowen started coverage on Upbound Group in a report on Friday, March 8th. They set an “outperform” rating and a $43.00 price target for the company. Finally, Stephens raised shares of Upbound Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a buy rating, According to MarketBeat, Upbound Group presently has a consensus rating of “Buy” and an average target price of $38.17.
Check Out Our Latest Analysis on UPBD
Insider Transactions at Upbound Group
In other news, Director Jeffrey J. Brown purchased 991 shares of Upbound Group stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average cost of $30.68 per share, for a total transaction of $30,403.88. Following the purchase, the director now directly owns 83,138 shares of the company’s stock, valued at approximately $2,550,673.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Upbound Group news, Director Jeffrey J. Brown purchased 991 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were acquired at an average cost of $30.68 per share, for a total transaction of $30,403.88. Following the completion of the purchase, the director now owns 83,138 shares of the company’s stock, valued at approximately $2,550,673.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony J. Blasquez sold 12,485 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $33.18, for a total transaction of $414,252.30. Following the transaction, the executive vice president now directly owns 58,967 shares in the company, valued at $1,956,525.06. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
Upbound Group Company Profile
Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.
Further Reading
- Five stocks we like better than Upbound Group
- How to Find Undervalued Stocks
- High-Yield Texas Instruments Could Hit New Highs Soon
- Business Services Stocks Investing
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
Receive News & Ratings for Upbound Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upbound Group and related companies with MarketBeat.com's FREE daily email newsletter.