Equities research analysts predict that Aaron’s, Inc. (NYSE:AAN) will report earnings per share (EPS) of $0.95 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Aaron’s’ earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $1.02. Aaron’s posted earnings per share of $0.80 during the same quarter last year, which suggests a positive year-over-year growth rate of 18.8%. The business is scheduled to announce its next earnings report before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that Aaron’s will report full year earnings of $3.41 per share for the current fiscal year, with EPS estimates ranging from $3.34 to $3.49. For the next year, analysts expect that the business will report earnings of $3.85 per share, with EPS estimates ranging from $3.48 to $4.47. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Aaron’s.
Aaron’s (NYSE:AAN) last released its earnings results on Thursday, February 15th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.10. The business had revenue of $884.60 million for the quarter, compared to analysts’ expectations of $871.07 million. Aaron’s had a return on equity of 11.64% and a net margin of 8.65%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share.
AAN opened at $45.22 on Wednesday. The firm has a market capitalization of $3,262.08, a P/E ratio of 18.18 and a beta of 0.05. The company has a current ratio of 2.73, a quick ratio of 0.80 and a debt-to-equity ratio of 0.21. Aaron’s has a 52 week low of $30.13 and a 52 week high of $49.77.
Aaron’s declared that its Board of Directors has initiated a share buyback plan on Thursday, February 15th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 23rd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.27%. Aaron’s’s dividend payout ratio (DPR) is currently 4.69%.
In other news, insider Robert P. Sinclair, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $48.00, for a total transaction of $48,000.00. Following the transaction, the insider now directly owns 13,163 shares of the company’s stock, valued at $631,824. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert H. Yanker sold 40,195 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $47.69, for a total value of $1,916,899.55. Following the transaction, the director now directly owns 8,038 shares in the company, valued at $383,332.22. The disclosure for this sale can be found here. Insiders have sold 42,647 shares of company stock worth $2,033,048 over the last ninety days. Insiders own 2.28% of the company’s stock.
Several large investors have recently made changes to their positions in AAN. Verity Asset Management Inc. bought a new position in shares of Aaron’s during the fourth quarter valued at about $202,000. Jefferies Group LLC bought a new stake in shares of Aaron’s in the fourth quarter worth about $211,000. Xact Kapitalforvaltning AB bought a new stake in shares of Aaron’s in the fourth quarter worth about $239,000. M&T Bank Corp bought a new stake in shares of Aaron’s in the fourth quarter worth about $257,000. Finally, Harfst & Associates Inc. bought a new stake in shares of Aaron’s in the fourth quarter worth about $349,000.
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Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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