Upbound Group (NASDAQ:UPBD – Get Free Report) posted its earnings results on Thursday. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06, Briefing.com reports. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm earned $0.79 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Upbound Group updated its FY24 guidance to $3.75-3.90 EPS and its FY 2024 guidance to 3.750-3.900 EPS.
Upbound Group Trading Up 0.8 %
NASDAQ:UPBD traded up $0.22 during trading hours on Friday, hitting $29.46. 554,378 shares of the company were exchanged, compared to its average volume of 452,376. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 30.04 and a beta of 2.00. The company has a fifty day simple moving average of $30.33 and a 200 day simple moving average of $31.44. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21. Upbound Group has a one year low of $26.42 and a one year high of $38.72.
Upbound Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were paid a $0.37 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.48 annualized dividend and a dividend yield of 5.02%. Upbound Group’s dividend payout ratio is 151.02%.
Insider Transactions at Upbound Group
Analysts Set New Price Targets
UPBD has been the topic of several research analyst reports. Jefferies Financial Group dropped their price objective on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. Loop Capital decreased their target price on shares of Upbound Group from $36.00 to $33.00 and set a “hold” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.40.
Check Out Our Latest Analysis on UPBD
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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