Upbound Group (NASDAQ:UPBD) Releases Quarterly Earnings Results

Upbound Group (NASDAQ:UPBD) posted its quarterly earnings results on Thursday. The company reported $1.05 EPS for the quarter, topping 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 Trading Down 5.0 %

Shares of UPBD stock opened at $27.64 on Friday. Upbound Group has a 12-month low of $26.50 and a 12-month high of $38.72. The company has a market capitalization of $1.51 billion, a P/E ratio of 19.06 and a beta of 2.05. The firm has a 50-day moving average price of $29.61 and a 200 day moving average price of $30.82. 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 Increases Dividend

The firm also recently announced 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. This is a positive change from Upbound Group’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend was Wednesday, December 18th. Upbound Group’s payout ratio is 107.59%.

Insider Activity at Upbound Group

In related news, Director Jeffrey J. Brown bought 1,146 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was bought at an average cost of $29.01 per share, with a total value of $33,245.46. Following the completion of the purchase, the director now owns 86,380 shares in the company, valued at approximately $2,505,883.80. The trade was a 1.34 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen raised shares of Upbound Group to a “strong-buy” rating in a report on Friday, November 29th. Loop Capital dropped 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. Finally, Stephens started coverage on shares of Upbound Group in a report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target for the company. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.17.

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.