Upbound Group (NASDAQ:UPBD – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02, Briefing.com reports. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Upbound Group had a positive return on equity of 32.65% and a negative net margin of 0.13%. Upbound Group’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. Upbound Group updated its FY24 guidance to $3.55-4.00 EPS.
Upbound Group Trading Up 1.3 %
Shares of Upbound Group stock traded up $0.39 during midday trading on Friday, reaching $30.77. The company had a trading volume of 402,162 shares, compared to its average volume of 390,815. The firm has a market cap of $1.68 billion, a PE ratio of -256.40, a P/E/G ratio of 4.14 and a beta of 1.99. The stock has a fifty day moving average price of $32.84 and a 200 day moving average price of $31.88. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.12 and a quick ratio of 0.65. Upbound Group has a fifty-two week low of $25.00 and a fifty-two week high of $36.17.
Upbound Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Wednesday, April 3rd were paid a $0.37 dividend. The ex-dividend date was Tuesday, April 2nd. This represents a $1.48 annualized dividend and a dividend yield of 4.81%. Upbound Group’s payout ratio is -1,233.23%.
Wall Street Analyst Weigh In
Read Our Latest Report on Upbound Group
Insiders Place Their Bets
In other news, Director Jeffrey J. Brown purchased 991 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were acquired at an average price of $30.68 per share, with a total value of $30,403.88. Following the completion of the transaction, the director now owns 83,138 shares of the company’s stock, valued at approximately $2,550,673.84. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Anthony J. Blasquez sold 12,485 shares of Upbound Group stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $33.18, for a total value of $414,252.30. Following the completion of the sale, the executive vice president now owns 58,967 shares in the company, valued at approximately $1,956,525.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey J. Brown bought 991 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were bought at an average price of $30.68 per share, for a total transaction of $30,403.88. Following the transaction, the director now directly owns 83,138 shares in the company, valued at $2,550,673.84. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company’s stock.
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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