Upbound Group (UPBD) Scheduled to Post Earnings on Thursday

Upbound Group (NASDAQ:UPBD) will be issuing its earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $994.27 million. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 earnings per share. 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 Trading Down 2.3 %

Shares of NASDAQ:UPBD opened at $31.01 on Wednesday. The company has a market capitalization of $1.69 billion, a P/E ratio of -258.40, a P/E/G ratio of 4.24 and a beta of 2.01. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.12 and a quick ratio of 0.65. The business’s 50 day simple moving average is $32.98 and its 200 day simple moving average is $31.89. Upbound Group has a 1 year low of $25.00 and a 1 year high of $36.17.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Wednesday, April 3rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 4.77%. Upbound Group’s payout ratio is -1,233.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stephens upgraded shares of Upbound Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 2nd. KeyCorp upped their price objective on shares of Upbound Group from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Finally, TD Cowen began coverage on Upbound Group in a research note on Friday, March 8th. They issued an “outperform” rating and a $43.00 target price for the company. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Upbound Group presently has a consensus rating of “Buy” and an average target price of $38.17.

Insider Activity

In other Upbound Group news, EVP Anthony J. Blasquez sold 12,485 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $33.18, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Anthony J. Blasquez sold 12,485 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $33.18, for a total value of $414,252.30. Following the sale, the executive vice president now directly owns 58,967 shares in the company, valued at approximately $1,956,525.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey J. Brown bought 991 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were acquired at an average price of $30.68 per share, with a total value of $30,403.88. Following the transaction, the director now directly owns 83,138 shares of the company’s stock, valued at $2,550,673.84. The disclosure for this purchase can be found here. Insiders own 2.50% of the company’s stock.

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.