Conn’s (NASDAQ:CONN – Get Rating) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.
Conn’s Stock Performance
NASDAQ:CONN opened at $4.19 on Friday. The stock has a market cap of $101.15 million, a P/E ratio of -1.68 and a beta of 2.53. The company has a quick ratio of 2.65, a current ratio of 3.74 and a debt-to-equity ratio of 1.27. The business’s 50-day moving average price is $5.03 and its two-hundred day moving average price is $7.34. Conn’s has a twelve month low of $3.90 and a twelve month high of $14.27.
Conn’s (NASDAQ:CONN – Get Rating) last announced its earnings results on Wednesday, March 29th. The specialty retailer reported ($1.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.77). The company had revenue of $334.90 million during the quarter, compared to analysts’ expectations of $331.22 million. Conn’s had a negative net margin of 4.42% and a negative return on equity of 8.92%. The company’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. As a group, equities analysts predict that Conn’s will post -3.98 EPS for the current fiscal year.
Hedge Funds Weigh In On Conn’s
Conn’s, Inc is a holding company, which engages in the retail and provision of home goods and related services. Its products include furniture, appliances, and consumer electronics. It operates through the Retail and Credit segments. The Retail segment sells home appliances to the retail market, and owns and operates retail stores that offer furniture, home appliances, consumer electronics, and home office accessories.
- Get a free copy of the StockNews.com research report on Conn’s (CONN)
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