Upbound Group (UPBD) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Upbound Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" UPBD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UPBD, but not buy additional shares or sell existing shares.
View UPBD analyst ratings or view top-rated stocks.

Upbound Group's stock was trading at $26.97 at the start of the year. Since then, UPBD stock has increased by 22.2% and is now trading at $32.96.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our UPBD earnings forecast.

Upbound Group, Inc. (NASDAQ:UPBD) posted its earnings results on Thursday, May, 4th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.18. The company earned $1.02 billion during the quarter, compared to analyst estimates of $991.30 million. Upbound Group had a trailing twelve-month return on equity of 38.35% and a net margin of 1.56%. The firm's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 earnings per share.

Upbound Group announced a quarterly dividend on Friday, March 24th. Stockholders of record on Wednesday, April 5th will be paid a dividend of $0.34 per share on Monday, April 24th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Tuesday, April 4th.
Read our dividend analysis for UPBD.

ETFs with the largest weight of Upbound Group (NASDAQ:UPBD) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), Roundhill Acquirers Deep Value ETF (DEEP), SPDR S&P Retail ETF (XRT), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Direxion Daily Retail Bull 3X Shares (RETL), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Invesco S&P SmallCap 600 Pure Value ETF (RZV).

Upbound Group (NASDAQ:UPBD) pays an annual dividend of $1.36 per share and currently has a dividend yield of 4.41%. UPBD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 121.43%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, UPBD will have a dividend payout ratio of 39.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UPBD.

Upbound Group updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $2.70-$3.20 for the period, compared to the consensus earnings per share estimate of $2.77. The company issued revenue guidance of $3.80 billion-$4.00 billion, compared to the consensus revenue estimate of $3.91 billion.

Upbound Group trades on the NASDAQ under the ticker symbol "UPBD."

Shares of UPBD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UPBD stock can currently be purchased for approximately $32.96.

Upbound Group (NASDAQ:UPBD) has a market capitalization of $1.84 billion and generates $4.25 billion in revenue each year. The company earns $12.36 million in net income (profit) each year or $1.12 on an earnings per share basis.

The company employs 12,690 workers across the globe.

Upbound Group's mailing address is 5501 HEADQUARTERS DRIVE, PLANO TX, 75024. The official website for the company is www.rentacenter.com. The company can be reached via phone at (972) 801-1100, via email at maureen.short@rentacenter.com, or via fax at 972-943-0113.