Upbound Group Inc

UPBD

Equity

ISIN US76009N1000 / Valor 988133

NASDAQ (2024-12-26)

USD 30.01+0.54%

Upbound Group Inc
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About company

Upbound Group Inc, listed on NASDAQ as UPBD, is an omni-channel platform company headquartered in Plano, Texas, that focuses on providing innovative and technology-driven financial solutions to consumers. The company's customer-facing operating units include industry-leading brands such as Rent-A-Center and Acima, which offer flexible lease-to-own options for furniture, appliances, electronics, and computers. Rent-A-Center, founded in 1973, has over 1,800 locations across the United States and Puerto Rico, while Acima Leasing, established in 2010, partners with thousands of retailers to offer lease-to-own solutions at the point of sale. Upbound Group Inc also acquired AcceptanceNow in 2021, which provides lease-to-own solutions at furniture and electronics retail stores nationwide, particularly catering to customers with less-than-perfect credit history. Additionally, the company operates RACFI, a franchise business specializing in rent-to-own home goods.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

In the most recent financial update, Upbound Group Inc reported a significant increase in revenue for the fiscal year ending December 2023. This growth is indicative of the company's expanding market presence and effective business strategies.

Net Income

For the fiscal year 2023, Upbound Group Inc achieved a net income of $200.26 million, slightly surpassing analyst expectations which projected a net income of $198.62 million. This performance underscores the company's ability to maintain profitability amidst varying market conditions.

Earnings Per Share

Upbound Group Inc reported a GAAP earnings per share (EPS) of -$0.09 for the fiscal year 2023, which was a significant deviation from the expected $0.84, marking a substantial negative surprise of -110.68%. This indicates challenges that impacted the company's profitability per share.

Dividend Announcement

The company declared a dividend of $1.36 per share for the fiscal year 2023, slightly below the analyst's expectation of $1.38 per share. This reflects Upbound Group Inc's commitment to returning value to shareholders, despite a slight underperformance in dividend expectations.

Future Outlook

Looking ahead, Upbound Group Inc has projected an increase in net income for the fiscal year 2026, with estimates suggesting a rise to $257.80 million. This optimistic outlook is based on expected improvements in operational efficiency and market expansion.

Summarized from source with an LLMView Source

Key figures

-13.4%1Y

-37.7%3Y

5.52%5Y

Performance

35.3%1Y

49.0%3Y

51.4%5Y

Volatility