Equities research analysts expect that Aaron’s, Inc. (NYSE:AAN) will report earnings per share of $0.88 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Aaron’s’ earnings, with estimates ranging from $0.84 to $0.90. Aaron’s posted earnings per share of $0.84 during the same quarter last year, which indicates a positive year-over-year growth rate of 4.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 25th.
On average, analysts expect that Aaron’s will report full-year earnings of $3.83 per share for the current fiscal year, with EPS estimates ranging from $3.77 to $3.95. For the next financial year, analysts anticipate that the firm will post earnings of $4.41 per share, with EPS estimates ranging from $4.22 to $4.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Aaron’s.
Aaron’s (NYSE:AAN) last posted its earnings results on Thursday, April 25th. The company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.15. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $991.09 million. Aaron’s had a net margin of 5.15% and a return on equity of 14.31%. Aaron’s’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS.
Several brokerages have weighed in on AAN. Zacks Investment Research cut shares of Aaron’s from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. ValuEngine upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. KeyCorp boosted their price target on shares of Aaron’s from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Stephens set a $67.00 price target on shares of Aaron’s and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, Northcoast Research boosted their price target on shares of Aaron’s from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Aaron’s presently has an average rating of “Buy” and a consensus target price of $65.25.
In other Aaron’s news, Director Ray M. Robinson sold 3,000 shares of Aaron’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.00, for a total transaction of $162,000.00. Following the completion of the transaction, the director now directly owns 29,912 shares of the company’s stock, valued at $1,615,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Curtis Linn Doman sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $55.66, for a total transaction of $556,600.00. Following the sale, the insider now directly owns 123,220 shares of the company’s stock, valued at $6,858,425.20. The disclosure for this sale can be found here. Insiders have sold 55,867 shares of company stock valued at $3,150,564 over the last ninety days. 2.78% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of AAN. Global Retirement Partners LLC boosted its holdings in Aaron’s by 31.0% in the first quarter. Global Retirement Partners LLC now owns 778 shares of the company’s stock valued at $41,000 after purchasing an additional 184 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Aaron’s by 1.5% during the fourth quarter. GSA Capital Partners LLP now owns 33,800 shares of the company’s stock worth $1,421,000 after purchasing an additional 500 shares during the period. Penserra Capital Management LLC bought a new position in shares of Aaron’s during the first quarter worth approximately $28,000. Royce & Associates LP increased its holdings in shares of Aaron’s by 1.6% during the first quarter. Royce & Associates LP now owns 35,293 shares of the company’s stock worth $1,856,000 after purchasing an additional 550 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Aaron’s by 0.3% during the first quarter. Rhumbline Advisers now owns 220,559 shares of the company’s stock worth $11,601,000 after purchasing an additional 552 shares during the period. 97.64% of the stock is owned by hedge funds and other institutional investors.
Aaron’s stock traded down $0.14 during midday trading on Tuesday, reaching $61.45. 11,378 shares of the stock were exchanged, compared to its average volume of 584,628. The firm has a fifty day simple moving average of $56.80. The company has a current ratio of 2.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.07 and a beta of 0.48. Aaron’s has a 52 week low of $39.28 and a 52 week high of $62.67.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Tuesday, June 18th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Monday, June 17th. Aaron’s’s payout ratio is 4.17%.
Aaron’s Company Profile
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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