Aaron’s, Inc. (AAN) to Release Quarterly Earnings on Thursday
Aaron’s, Inc. (NYSE:AAN) will be issuing its quarterly earnings data before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Aaron’s, has set its FY17 guidance at $2.45-2.65 EPS.
Aaron’s, (NYSE:AAN) last announced its quarterly earnings data on Friday, July 28th. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The firm had revenue of $815.60 million during the quarter, compared to analyst estimates of $786.12 million. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. Aaron’s, ‘s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. On average, analysts expect Aaron’s, to post $2.55 EPS for the current fiscal year and $2.77 EPS for the next fiscal year.
Shares of Aaron’s, Inc. (NYSE AAN) opened at 41.27 on Thursday. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 21.21 and a beta of 0.21. Aaron’s, Inc. has a one year low of $22.37 and a one year high of $48.22. The company has a 50-day moving average price of $42.25 and a 200 day moving average price of $39.18.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were paid a $0.027 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Thursday, September 14th. Aaron’s, ‘s payout ratio is presently 5.64%.
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In other news, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $46.11, for a total transaction of $691,650.00. Following the completion of the sale, the chief executive officer now owns 348,440 shares of the company’s stock, valued at $16,066,568.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Steven A. Michaels sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $46.26, for a total transaction of $231,300.00. Following the sale, the chief financial officer now directly owns 61,095 shares of the company’s stock, valued at approximately $2,826,254.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,776 shares of company stock valued at $2,742,507. Corporate insiders own 1.93% of the company’s stock.
AAN has been the subject of several research reports. Off Wall Street initiated coverage on shares of Aaron’s, in a research note on Monday, September 18th. They issued a “sell” rating for the company. BidaskClub cut shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Jefferies Group LLC restated a “buy” rating and set a $54.00 price target on shares of Aaron’s, in a research note on Thursday, September 7th. KeyCorp upgraded shares of Aaron’s, from a “sector weight” rating to an “overweight” rating and set a $50.00 price target for the company in a research note on Thursday, September 28th. Finally, SunTrust Banks, Inc. restated a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $44.94.
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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