Aaron's, Inc. (AAN) Updates Q1 Earnings Guidance
Aaron's, Inc. (NYSE:AAN) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.51-0.54 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.59, American Banking & Market News reports. The company issued revenue guidance of $599.83 million, compared to the consensus revenue estimate of previous range of $0.57-0.62..
A number of analysts have recently weighed in on AAN shares. Analysts at Zacks upgraded shares of Aaron's from an underperform rating to a neutral rating in a research note on Monday, March 17th. They now have a $32.90 price target on the stock. On a related note, analysts at Raymond James downgraded shares of Aaron's from an outperform rating to a market perform rating in a research note on Monday, March 17th. They now have a $30.00 price target on the stock. Finally, analysts at KeyCorp downgraded shares of Aaron's from a buy rating to a hold rating in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating, The stock presently has an average rating of Hold and a consensus price target of $29.97.
Aaron's, Inc. (NYSE:AAN) opened at 30.47 on Tuesday. Aaron's, Inc. has a 52-week low of $26.18 and a 52-week high of $32.27. The stock has a 50-day moving average of $30.82 and a 200-day moving average of $29.1. The company has a market cap of $2.193 billion and a price-to-earnings ratio of 19.13.
Aaron's (NYSE:AAN) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.19. The company had revenue of $553.90 million for the quarter, compared to the consensus estimate of $557.44 million. During the same quarter last year, the company posted $0.48 earnings per share. Aaron's’s revenue was down 2.6% compared to the same quarter last year. On average, analysts predict that Aaron's, Inc. will post $1.86 earnings per share 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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