FY2020 EPS Estimates for Conn’s Inc (CONN) Reduced by Analyst

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Conn’s Inc (NASDAQ:CONN) – KeyCorp lowered their FY2020 earnings estimates for shares of Conn’s in a note issued to investors on Tuesday, December 4th. KeyCorp analyst B. Thomas now anticipates that the specialty retailer will post earnings per share of $2.80 for the year, down from their previous estimate of $3.00.

Other analysts also recently issued reports about the stock. BidaskClub downgraded shares of Conn’s from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Compass Point reissued a “hold” rating and issued a $38.50 price target on shares of Conn’s in a report on Friday, August 17th. Zacks Investment Research downgraded shares of Conn’s from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine downgraded shares of Conn’s from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, Stephens dropped their target price on shares of Conn’s to $33.00 and set an “overweight” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Conn’s currently has an average rating of “Hold” and an average price target of $40.93.

Shares of CONN opened at $24.79 on Thursday. Conn’s has a 12 month low of $22.10 and a 12 month high of $42.65. The firm has a market cap of $786.14 million, a PE ratio of 26.09, a price-to-earnings-growth ratio of 0.44 and a beta of 1.87. The company has a current ratio of 4.83, a quick ratio of 3.86 and a debt-to-equity ratio of 1.61.

Conn’s (NASDAQ:CONN) last released its quarterly earnings results on Tuesday, December 4th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. The business had revenue of $373.80 million for the quarter, compared to analyst estimates of $383.59 million. Conn’s had a net margin of 3.09% and a return on equity of 12.36%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share.

In other Conn’s news, Director David Schofman sold 2,000 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $36.50, for a total value of $73,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.34% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Conn’s by 5.8% during the third quarter. Vanguard Group Inc. now owns 1,443,047 shares of the specialty retailer’s stock worth $51,011,000 after purchasing an additional 78,920 shares during the period. Nordea Investment Management AB raised its stake in Conn’s by 7.0% during the third quarter. Nordea Investment Management AB now owns 135,237 shares of the specialty retailer’s stock worth $4,780,000 after acquiring an additional 8,885 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Conn’s by 22.4% in the third quarter. TIAA CREF Investment Management LLC now owns 125,027 shares of the specialty retailer’s stock valued at $4,420,000 after buying an additional 22,875 shares during the period. Teachers Advisors LLC increased its stake in shares of Conn’s by 4.9% in the third quarter. Teachers Advisors LLC now owns 42,560 shares of the specialty retailer’s stock valued at $1,504,000 after buying an additional 1,998 shares during the period. Finally, MetLife Investment Advisors LLC increased its stake in shares of Conn’s by 52.2% in the third quarter. MetLife Investment Advisors LLC now owns 15,665 shares of the specialty retailer’s stock valued at $554,000 after buying an additional 5,376 shares during the period. 68.54% of the stock is owned by institutional investors.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.

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

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