Q4 2018 EPS Estimates for Conn’s, Inc. (CONN) Reduced by Analyst

Conn’s, Inc. (NASDAQ:CONN) – SunTrust Banks dropped their Q4 2018 earnings per share estimates for shares of Conn’s in a note issued to investors on Thursday. SunTrust Banks analyst D. Magee now anticipates that the specialty retailer will post earnings of $0.19 per share for the quarter, down from their prior estimate of $0.30.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut Conn’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 3rd. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price target (up from $19.00) on shares of Conn’s in a research note on Wednesday, June 7th. ValuEngine upgraded Conn’s from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Conn’s in a research note on Tuesday, June 20th. Finally, Stephens restated an “overweight” rating and issued a $28.00 price target (up from $25.00) on shares of Conn’s in a research note on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.00.

COPYRIGHT VIOLATION WARNING: “Q4 2018 EPS Estimates for Conn’s, Inc. (CONN) Reduced by Analyst” was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/09/11/q4-2018-eps-estimates-for-conns-inc-conn-reduced-by-analyst.html.

Shares of Conn’s (NASDAQ CONN) traded down 0.43% on Monday, reaching $23.00. The company had a trading volume of 72,954 shares. The company has a 50 day moving average of $20.42 and a 200-day moving average of $16.09. Conn’s has a 52 week low of $7.75 and a 52 week high of $23.75. The company’s market capitalization is $713.30 million.

Conn’s (NASDAQ:CONN) last announced its earnings results on Thursday, September 7th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.28. Conn’s had a positive return on equity of 1.08% and a negative net margin of 0.14%. The company had revenue of $366.65 million for the quarter, compared to analyst estimates of $371.97 million. During the same period in the prior year, the company posted ($0.04) EPS. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year.

In other news, major shareholder W. R. Jr. Stephens bought 12,000 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were acquired at an average price of $18.85 per share, for a total transaction of $226,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.48% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CONN. Northpointe Capital LLC acquired a new stake in shares of Conn’s during the second quarter worth about $5,052,000. Acadian Asset Management LLC acquired a new stake in shares of Conn’s during the second quarter worth about $4,766,000. EAM Investors LLC acquired a new stake in shares of Conn’s during the second quarter worth about $4,168,000. Royce & Associates LP increased its position in shares of Conn’s by 108.3% during the first quarter. Royce & Associates LP now owns 415,336 shares of the specialty retailer’s stock worth $3,634,000 after purchasing an additional 215,900 shares in the last quarter. Finally, State Street Corp increased its position in shares of Conn’s by 45.9% during the second quarter. State Street Corp now owns 566,793 shares of the specialty retailer’s stock worth $10,828,000 after purchasing an additional 178,277 shares in the last quarter. Institutional investors and hedge funds own 71.41% 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)

Receive News & Ratings for Conn's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply