Upbound Group (UPBD) Scheduled to Post Quarterly Earnings on Thursday

Upbound Group (NASDAQ:UPBD) is set to issue its quarterly 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 interested in listening to the company’s earnings conference call can do so using this link.

Upbound Group (NASDAQ:UPBD) last posted its earnings results on Thursday, February 22nd. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $994.27 million. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.86 EPS. 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 Up 1.0 %

Shares of UPBD opened at $31.80 on Thursday. Upbound Group has a 1-year low of $23.61 and a 1-year high of $36.17. The company has a current ratio of 3.12, a quick ratio of 0.65 and a debt-to-equity ratio of 2.33. The firm’s 50-day moving average price is $33.05 and its 200-day moving average price is $31.79. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -264.98, a PEG ratio of 4.06 and a beta of 2.01.

Upbound Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Wednesday, April 3rd were issued a $0.37 dividend. The ex-dividend date was Tuesday, April 2nd. This represents a $1.48 annualized dividend and a yield of 4.65%. Upbound Group’s dividend payout ratio (DPR) is presently -1,233.23%.

Insider Activity at Upbound Group

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

Wall Street Analyst Weigh In

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

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.