Upbound Group (NASDAQ:UPBD – Get Free Report) announced its earnings results on Thursday. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06, Briefing.com reports. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. Upbound Group’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share. 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 Stock Performance
NASDAQ UPBD traded up $0.22 during trading hours on Friday, reaching $29.46. The stock had a trading volume of 554,378 shares, compared to its average volume of 431,880. The stock has a fifty day moving average of $30.25 and a 200 day moving average of $31.43. The stock has a market cap of $1.61 billion, a P/E ratio of 20.32 and a beta of 2.01. Upbound Group has a 52-week low of $26.42 and a 52-week high of $38.72. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.84 and a current ratio of 3.96.
Upbound Group Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 5.02%. Upbound Group’s payout ratio is 102.07%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Upbound Group
Insider Activity at Upbound Group
In other news, EVP Ralph T. Montrone sold 15,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $32.48, for a total transaction of $487,200.00. Following the transaction, the executive vice president now owns 40,074 shares in the company, valued at $1,301,603.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was 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 in the company, valued at $498,134. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ralph T. Montrone sold 15,000 shares of Upbound Group stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.48, for a total value of $487,200.00. Following the completion of the transaction, the executive vice president now owns 40,074 shares of the company’s stock, valued at $1,301,603.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.
Upbound Group Company Profile
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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