Upbound Group (NASDAQ:UPBD – Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $1.02 per share for the quarter. Upbound Group has set its FY24 guidance at $3.55-4.00 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Upbound Group (NASDAQ:UPBD – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. Upbound Group had a positive return on equity of 33.40% and a negative net margin of 0.61%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. 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
NASDAQ UPBD opened at $37.78 on Wednesday. The business has a 50 day moving average price of $32.01 and a 200 day moving average price of $32.60. The company has a market capitalization of $2.06 billion, a P/E ratio of -82.13 and a beta of 2.02. Upbound Group has a 1-year low of $25.00 and a 1-year high of $37.95. The company has a debt-to-equity ratio of 2.23, a current ratio of 3.49 and a quick ratio of 0.72.
Upbound Group Dividend Announcement
Insider Buying and Selling at Upbound Group
In other Upbound Group news, Director Jeffrey J. Brown acquired 1,031 shares of the stock in a transaction dated Tuesday, July 9th. The stock was acquired at an average price of $29.82 per share, with a total value of $30,744.42. Following the completion of the transaction, the director now directly owns 84,169 shares in the company, valued at $2,509,919.58. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.70% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities analysts have weighed in on UPBD shares. BTIG Research began coverage on shares of Upbound Group in a report on Friday, June 7th. They set a “buy” rating and a $45.00 target price for the company. Jefferies Financial Group cut their price objective on Upbound Group from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Upbound Group currently has an average rating of “Moderate Buy” and a consensus target price of $40.17.
Get Our Latest Stock Report on Upbound Group
About Upbound Group
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.
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