News headlines about Aaron's (NYSE:AAN) have trended somewhat positive this week, AlphaOne Sentiment reports. The research group, a unit of Accern, scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aaron's earned a daily sentiment score of 0.11 on AlphaOne’s scale. AlphaOne also assigned press coverage about the company an impact score of 61 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted AlphaOne’s rankings:
- $834.09 Million in Sales Expected for Aaron's, Inc. (AAN) This Quarter (americanbankingnews.com)
- Aaron's, Inc. (AAN) CAO Robert W. Kamerschen Sells 4,000 Shares (americanbankingnews.com)
- Aaron's, Inc. (AAN) Expected to Post Earnings of $0.66 Per Share (americanbankingnews.com)
- Somewhat Negative Media Coverage Extremely Likely to Impact Aaron's (AAN) Stock Price (americanbankingnews.com)
- Aaron’s and Progressive Leasing Partner with Former NFL Star Warrick Dunn in Tampa for 155th Home Presentation (finance.yahoo.com)
AAN has been the subject of several research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $37.00 target price on shares of Aaron's in a report on Wednesday, January 11th. Stephens initiated coverage on Aaron's in a report on Thursday, January 12th. They issued an “overweight” rating and a $41.00 target price for the company. Raymond James Financial, Inc. cut Aaron's from a “strong-buy” rating to a “market perform” rating in a report on Thursday, January 19th. SunTrust Banks, Inc. upgraded Aaron's from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday, January 20th. Finally, Zacks Investment Research lowered Aaron's from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.67.
Aaron's (NYSE:AAN) opened at 30.99 on Friday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 16.23 and a beta of 0.27. Aaron's has a 52-week low of $20.50 and a 52-week high of $34.22. The stock has a 50 day moving average price of $29.26 and a 200 day moving average price of $28.86.
Aaron's (NYSE:AAN) last announced its quarterly earnings data on Friday, February 17th. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05. Aaron's had a return on equity of 11.36% and a net margin of 4.31%. The company had revenue of $794.95 million for the quarter, compared to analyst estimates of $815.40 million. During the same quarter in the previous year, the company earned $0.41 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts expect that Aaron's will post $2.30 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th were issued a $0.0275 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Monday, March 13th. Aaron's’s dividend payout ratio is presently 5.76%.
In other Aaron's news, CFO Steven A. Michaels sold 10,000 shares of Aaron's stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $28.81, for a total value of $288,100.00. Following the sale, the chief financial officer now owns 67,704 shares of the company’s stock, valued at approximately $1,950,552.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robert W. Kamerschen sold 4,000 shares of Aaron's stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $30.32, for a total value of $121,280.00. Following the completion of the sale, the chief accounting officer now directly owns 36,999 shares in the company, valued at approximately $1,121,809.68. The disclosure for this sale can be found here. Insiders sold a total of 27,750 shares of company stock worth $803,318 in the last ninety days. 1.12% of the stock is owned by corporate insiders.
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Aaron's Company Profile
Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.
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