Aaron’s, Inc. (AAN) Expected to Post Earnings of $0.75 Per Share

Equities research analysts expect Aaron’s, Inc. (NYSE:AAN) to post earnings of $0.75 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Aaron’s’ earnings, with estimates ranging from $0.71 to $0.79. Aaron’s reported earnings per share of $0.43 in the same quarter last year, which would suggest a positive year-over-year growth rate of 74.4%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that Aaron’s will report full year earnings of $3.41 per share for the current financial year, with EPS estimates ranging from $3.36 to $3.48. For the next year, analysts expect that the business will report earnings of $3.94 per share, with EPS estimates ranging from $3.60 to $4.41. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Aaron’s.

Aaron’s (NYSE:AAN) last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.08. The company had revenue of $927.90 million during the quarter, compared to analysts’ expectations of $924.86 million. Aaron’s had a return on equity of 11.54% and a net margin of 8.14%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned $0.68 earnings per share.

AAN has been the subject of a number of analyst reports. Zacks Investment Research cut Aaron’s from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine raised Aaron’s from a “hold” rating to a “buy” rating in a report on Friday, September 7th. KeyCorp lifted their price target on Aaron’s from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, September 20th. Raymond James reaffirmed a “buy” rating and issued a $57.00 price target on shares of Aaron’s in a report on Sunday, August 12th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Aaron’s in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Aaron’s has an average rating of “Buy” and a consensus price target of $54.82.

Shares of NYSE AAN traded up $1.06 during midday trading on Monday, reaching $49.87. 520,285 shares of the company traded hands, compared to its average volume of 688,959. The stock has a market cap of $3.77 billion, a PE ratio of 19.48 and a beta of 0.02. Aaron’s has a 12 month low of $34.29 and a 12 month high of $56.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.70 and a current ratio of 2.60.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Thursday, September 20th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, September 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.24%. Aaron’s’s dividend payout ratio is 4.69%.

In related news, CEO Ryan K. Woodley sold 12,500 shares of Aaron’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $43.01, for a total value of $537,625.00. Following the completion of the transaction, the chief executive officer now directly owns 146,550 shares of the company’s stock, valued at $6,303,115.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Curtis Linn Doman sold 35,000 shares of Aaron’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $50.00, for a total value of $1,750,000.00. Following the completion of the transaction, the insider now directly owns 67,523 shares of the company’s stock, valued at $3,376,150. The disclosure for this sale can be found here. Insiders sold 55,404 shares of company stock valued at $2,664,743 over the last ninety days. 2.28% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC acquired a new position in shares of Aaron’s during the 1st quarter worth about $130,000. Itau Unibanco Holding S.A. acquired a new position in shares of Aaron’s during the 2nd quarter worth about $170,000. Private Advisor Group LLC acquired a new position in shares of Aaron’s during the 2nd quarter worth about $293,000. Cornerstone Wealth Management LLC acquired a new position in shares of Aaron’s during the 2nd quarter worth about $334,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Aaron’s during the 1st quarter worth about $383,000.

Aaron’s Company Profile

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.

Further Reading: Ex-Dividend

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Earnings History and Estimates for Aaron`s (NYSE:AAN)

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