Aaron’s Inc. Reaches New 12-Month Low at $26.18 (AAN)
Aaron’s (NYSE:AAN)’s share price reached a new 52-week low during mid-day trading on Thursday, StockRatingsNetwork reports. The stock traded as low as $26.18 and last traded at $26.53, with a volume of 1,089,380 shares traded. The stock had previously closed at $26.69.
AAN has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Aaron’s from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $25.40 price target on the stock.
Aaron’s has a 1-year low of $24.61 and a 1-year high of $32.53. The stock has a 50-day moving average of $28.00 and a 200-day moving average of $28.23. The company has a market cap of $2.029 billion and a price-to-earnings ratio of 15.17.
Aaron’s (NYSE:AAN) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.49 by $0.09. The company had revenue of $539.50 million for the quarter, compared to the consensus estimate of $549.69 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Aaron’s will post $1.90 EPS for the current fiscal year.
Aaron’s, Inc (NYSE:AAN) is a specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories.
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