Upbound Group (UPBD) to Release Earnings on Thursday

Upbound Group (NASDAQ:UPBD - Get Free Report) is expected to release its Q4 2024 earnings data before the market opens on Thursday, February 20th. Analysts expect Upbound Group to post earnings of $1.03 per share and revenue of $1.06 billion for the quarter. Upbound Group has set its FY 2025 guidance at 3.900-4.400 EPS and its Q1 2025 guidance at 0.900-1.000 EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. On average, analysts expect Upbound Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Upbound Group Stock Performance

Upbound Group stock traded down $1.08 during mid-day trading on Friday, reaching $26.56. 1,056,248 shares of the stock traded hands, compared to its average volume of 414,589. Upbound Group has a 12-month low of $26.29 and a 12-month high of $38.72. The business's 50-day moving average is $29.50 and its 200-day moving average is $30.78. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. The stock has a market capitalization of $1.45 billion, a PE ratio of 12.02 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. Stockholders of record on Wednesday, December 18th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.56 annualized dividend and a dividend yield of 5.87%. This is a positive change from Upbound Group's previous quarterly dividend of $0.37. Upbound Group's dividend payout ratio is presently 70.59%.

Insider Transactions at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown bought 1,146 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average price of $29.01 per share, for a total transaction of $33,245.46. Following the completion of the transaction, the director now owns 86,380 shares of the company's stock, valued at $2,505,883.80. This trade represents a 1.34 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Loop Capital dropped their price objective on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Friday. TD Cowen raised shares of Upbound Group to a "strong-buy" rating in a research report on Friday, November 29th. Finally, Stephens assumed coverage on Upbound Group in a research report on Wednesday, November 13th. They set an "overweight" rating and a $38.00 target price on the stock. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.67.

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.