Equities analysts expect Aaron’s, Inc. (NYSE:AAN) to report $0.88 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Aaron’s’ earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.84. Aaron’s posted earnings per share of $0.84 during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The business is expected to announce its next earnings results on Thursday, July 25th.
According to Zacks, 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 forecast that the business will post earnings of $4.41 per share, with EPS estimates ranging from $4.22 to $4.60. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Aaron’s.
Aaron’s (NYSE:AAN) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.93 by $0.15. Aaron’s had a return on equity of 14.31% and a net margin of 5.15%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $991.09 million. During the same period last year, the company posted $0.81 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year.
NYSE:AAN traded down $0.14 during mid-day trading on Tuesday, hitting $61.45. The company had a trading volume of 11,378 shares, compared to its average volume of 584,628. The business has a fifty day simple moving average of $56.80. The company has a quick ratio of 0.63, a current ratio of 2.77 and a debt-to-equity ratio of 0.23. Aaron’s has a 1 year low of $39.28 and a 1 year high of $62.67. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.07 and a beta of 0.48.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.14 annualized dividend and a dividend yield of 0.23%. Aaron’s’s dividend payout ratio is presently 4.17%.
In related news, Director Ray M. Robinson sold 3,000 shares of Aaron’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.00, for a total value of $162,000.00. Following the completion of the transaction, the director now directly owns 29,912 shares in the company, valued at $1,615,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Robinson sold 15,000 shares of Aaron’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $55.67, for a total value of $835,050.00. Following the completion of the transaction, the chief executive officer now owns 301,158 shares of the company’s stock, valued at $16,765,465.86. 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 90 days. Insiders own 2.78% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC acquired a new position in Aaron’s in the first quarter worth about $28,000. Global Retirement Partners LLC grew its stake in Aaron’s by 531.9% in the fourth quarter. Global Retirement Partners LLC now owns 594 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter. CX Institutional acquired a new position in Aaron’s in the first quarter worth about $32,000. Rockefeller Capital Management L.P. acquired a new position in Aaron’s in the first quarter worth about $125,000. Finally, Pearl River Capital LLC acquired a new position in Aaron’s in the fourth quarter worth about $104,000. Institutional investors and hedge funds own 97.64% of the company’s stock.
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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