Aaron’s, Inc. (NYSE:AAN) Scheduled to Post Earnings on Friday
Aaron’s, Inc. (NYSE:AAN) will release its earnings data before the market opens on Friday, July 28th. Analysts expect Aaron’s, to post earnings of $0.58 per share for the quarter. Aaron’s, has set its FY17 guidance at $2.15-2.40 EPS.
Aaron’s, (NYSE:AAN) last issued its earnings results on Friday, April 28th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.14. The company had revenue of $844.60 million for the quarter, compared to the consensus estimate of $830.44 million. Aaron’s, had a return on equity of 11.81% and a net margin of 4.47%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. On average, analysts expect Aaron’s, to post $2.40 EPS for the current fiscal year and $2.71 EPS for the next fiscal year.
Shares of Aaron’s, Inc. (NYSE AAN) opened at 39.53 on Friday. The company’s 50-day moving average price is $38.82 and its 200 day moving average price is $33.09. The company has a market cap of $2.79 billion, a P/E ratio of 20.10 and a beta of 0.14. Aaron’s, Inc. has a 52 week low of $21.50 and a 52 week high of $40.59.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Tuesday, June 27th were issued a $0.0275 dividend. The ex-dividend date was Friday, June 23rd. This represents a $0.11 dividend on an annualized basis and a yield of 0.28%. Aaron’s, ‘s payout ratio is 5.58%.
AAN has been the subject of a number of analyst reports. Loop Capital reaffirmed a “hold” rating and issued a $28.00 price target on shares of Aaron’s, in a report on Sunday, April 23rd. Zacks Investment Research raised Aaron’s, from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. TheStreet raised Aaron’s, from a “c+” rating to a “b-” rating in a report on Monday, April 24th. Jefferies Group LLC upped their price target on Aaron’s, from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Finally, BidaskClub cut Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.00.
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In other Aaron’s, news, CAO Robert W. Kamerschen sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $37.39, for a total transaction of $186,950.00. Following the completion of the transaction, the chief accounting officer now owns 31,999 shares of the company’s stock, valued at $1,196,442.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Robinson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $36.80, for a total value of $552,000.00. Following the transaction, the chief executive officer now directly owns 363,440 shares of the company’s stock, valued at approximately $13,374,592. The disclosure for this sale can be found here. 1.93% of the stock is owned by corporate insiders.
Aaron’s, Company Profile
Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.
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