Aaron’s, Inc. (AAN) Issues Earnings Results

Aaron’s, Inc. (NYSE:AAN) posted its quarterly earnings data on Friday. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. The company earned $794.95 million during the quarter, compared to analyst estimates of $815.40 million. Aaron’s, had a net margin of 4.31% and a return on equity of 11.36%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. Aaron’s, updated its FY17 guidance to $2.15-2.40 EPS.

Shares of Aaron’s, (NYSE:AAN) traded down 8.71% during mid-day trading on Friday, hitting $26.95. 1,919,761 shares of the company were exchanged. The firm has a market capitalization of $1.92 billion, a P/E ratio of 14.10 and a beta of 0.27. The company’s 50-day moving average price is $30.90 and its 200-day moving average price is $27.59. Aaron’s, has a 12-month low of $20.51 and a 12-month high of $34.22.

Earnings History for Aaron`s,  (NYSE:AAN)

AAN has been the subject of several recent analyst reports. Raymond James Financial, Inc. lowered shares of Aaron’s, from a “strong-buy” rating to a “market perform” rating in a report on Thursday, January 19th. Zacks Investment Research lowered shares of Aaron’s, from a “hold” rating to a “sell” rating in a report on Thursday, October 27th. Stephens initiated coverage on shares of Aaron’s, in a report on Thursday, January 12th. They set an “overweight” rating and a $41.00 price objective for the company. TheStreet raised shares of Aaron’s, from a “hold” rating to a “buy” rating in a report on Tuesday, November 22nd. Finally, SunTrust Banks, Inc. raised shares of Aaron’s, from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, January 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Aaron’s, currently has an average rating of “Buy” and an average price target of $34.00.

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Aaron’s, Company Profile

Aaron’s, Inc is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.

5 Day Chart for NYSE:AAN

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