Upbound Group (UPBD) Set to Announce Earnings on Thursday

Upbound Group (NASDAQ:UPBD) will be releasing its earnings data 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.Investors interested in registering for the company’s conference call can do so using this link.

Upbound Group (NASDAQ:UPBD) last announced its earnings results on Thursday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Upbound Group had a net margin of 1.31% and a return on equity of 32.94%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm posted $1.11 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. 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 Down 2.6 %

UPBD stock opened at $27.62 on Thursday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -60.04 and a beta of 2.00. The company has a fifty day moving average price of $30.84 and a 200 day moving average price of $31.65. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.96 and a quick ratio of 0.84. Upbound Group has a 12 month low of $25.00 and a 12 month high of $38.72.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.37 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.48 annualized dividend and a dividend yield of 5.36%. Upbound Group’s dividend payout ratio (DPR) is -321.74%.

Insider Activity at Upbound Group

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

Wall Street Analysts Forecast Growth

UPBD has been the subject of several analyst reports. Jefferies Financial Group reduced their price objective on Upbound Group from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, October 1st. Loop Capital restated a “hold” rating and set a $36.00 price target on shares of Upbound Group in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Upbound Group has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.