Upbound Group (UPBD) Set to Announce Quarterly Earnings on Thursday

Upbound Group (NASDAQ:UPBD) is set to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Upbound Group to post earnings of $0.89 per share for the quarter. Upbound Group has set its FY 2024 guidance at 3.650-4.000 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm posted $1.11 EPS. The business’s revenue was up 10.0% 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 Price Performance

NASDAQ UPBD opened at $26.73 on Wednesday. The firm’s 50 day moving average is $30.57 and its 200-day moving average is $31.52. The company has a quick ratio of 0.84, a current ratio of 3.96 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $1.46 billion, a PE ratio of 27.35 and a beta of 2.00. Upbound Group has a 12-month low of $25.17 and a 12-month high of $38.72.

Upbound Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.48 annualized dividend and a yield of 5.54%. Upbound Group’s dividend payout ratio (DPR) is presently 151.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UPBD. Loop Capital reaffirmed a “hold” rating and issued a $36.00 target price on shares of Upbound Group in a research report on Friday, September 13th. Jefferies Financial Group lowered their price target on Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Insider Activity at Upbound Group

In other Upbound Group news, EVP Ralph T. Montrone sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $32.48, for a total transaction of $487,200.00. Following the transaction, the executive vice president now owns 40,074 shares of the company’s stock, valued at $1,301,603.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $34.00, for a total transaction of $514,318.00. Following the completion of the sale, the executive vice president now owns 14,651 shares in the company, valued at approximately $498,134. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ralph T. Montrone sold 15,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.48, for a total transaction of $487,200.00. Following the completion of the transaction, the executive vice president now owns 40,074 shares in the company, valued at approximately $1,301,603.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

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.