Upbound Group (NASDAQ:UPBD) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Upbound Group (NASDAQ:UPBD) released its quarterly earnings results on Thursday. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02, Zacks reports. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. Upbound Group updated its FY 2025 guidance to 3.900-4.400 EPS and its Q1 2025 guidance to 0.900-1.000 EPS.

Upbound Group Price Performance

Shares of UPBD stock traded down $1.87 on Thursday, reaching $27.24. The company had a trading volume of 334,803 shares, compared to its average volume of 411,158. The stock has a market capitalization of $1.49 billion, a PE ratio of 18.66 and a beta of 2.05. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.02. Upbound Group has a one year low of $26.50 and a one year high of $38.72. The business’s 50-day moving average is $29.73 and its 200 day moving average is $30.84.

Upbound Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.73%. This is an increase from Upbound Group’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Wednesday, December 18th. Upbound Group’s dividend payout ratio is presently 107.59%.

Insider Transactions at Upbound Group

In related news, Director Jeffrey J. Brown bought 1,146 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average price of $29.01 per share, with a total value of $33,245.46. Following the completion of the acquisition, the director now owns 86,380 shares of the company’s stock, valued at $2,505,883.80. The trade was a 1.34 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Loop Capital decreased their price target on shares of Upbound Group from $36.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Stephens began coverage on shares of Upbound Group in a research note on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price objective on the stock. Finally, TD Cowen upgraded shares of Upbound Group to a “strong-buy” rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.17.

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.