Upbound Group (UPBD) Projected to Post Earnings on Thursday

Upbound Group (NASDAQ:UPBD) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Upbound Group to post earnings of $1.03 per share and revenue of $1.06 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Upbound Group Trading Down 2.2 %

Shares of NASDAQ:UPBD opened at $29.11 on Thursday. Upbound Group has a 12 month low of $26.50 and a 12 month high of $38.72. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.02. The company’s fifty day simple moving average is $29.73 and its 200 day simple moving average is $30.84. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 20.08 and a beta of 2.05.

Upbound Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Wednesday, December 18th were paid a $0.39 dividend. This is a positive change from Upbound Group’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 5.36%. The ex-dividend date was Wednesday, December 18th. Upbound Group’s payout ratio is presently 107.59%.

Analyst Ratings Changes

UPBD has been the topic of several recent research reports. Loop Capital lowered their price target on shares of Upbound Group from $36.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. TD Cowen upgraded shares of Upbound Group to a “strong-buy” rating in a research note on Friday, November 29th. Finally, Stephens initiated coverage on shares of Upbound Group in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.17.

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown acquired 1,146 shares of the stock in a transaction dated Tuesday, January 7th. The shares were bought at an average cost of $29.01 per share, for a total transaction of $33,245.46. Following the purchase, the director now directly owns 86,380 shares of the company’s stock, valued at approximately $2,505,883.80. This trade represents a 1.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.

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.