Upbound Group (NASDAQ:UPBD) Issues Earnings Results

Upbound Group (NASDAQ:UPBD) posted its quarterly earnings data on Thursday. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02, Zacks reports. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. 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 Stock Performance

Shares of UPBD stock opened at $26.56 on Friday. The company’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 quick ratio of 0.86 and a current ratio of 3.66. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.02 and a beta of 2.05. Upbound Group has a one year low of $26.29 and a one year high of $38.72.

Upbound Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Wednesday, December 18th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.87%. This is an increase from Upbound Group’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, December 18th. Upbound Group’s dividend payout ratio is 70.59%.

Insider Activity

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,146 shares of the stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average price of $29.01 per share, for a total transaction of $33,245.46. Following the purchase, the director now directly owns 86,380 shares of the company’s stock, valued at approximately $2,505,883.80. This trade represents a 1.34 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Loop Capital lowered 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. Stephens began coverage on shares of Upbound Group in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target for the company. Finally, TD Cowen upgraded shares of Upbound Group to a “strong-buy” rating in a research report on Friday, November 29th. Two investment 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. Based on data from MarketBeat, Upbound Group has an average 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.