Aaron’s, Inc. (NYSE:AAN) – Stock analysts at KeyCorp reduced their FY2017 earnings per share estimates for Aaron’s, in a report issued on Friday. KeyCorp analyst B. Thomas now expects that the company will earn $2.46 per share for the year, down from their previous estimate of $2.60. KeyCorp has a “Overweight” rating and a $50.00 price objective on the stock. KeyCorp also issued estimates for Aaron’s, ‘s Q4 2017 earnings at $0.55 EPS.

Aaron’s, (NYSE:AAN) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.11). Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. The business had revenue of $838.80 million during the quarter, compared to analysts’ expectations of $827.20 million. During the same quarter last year, the business posted $0.50 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis.

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Other research analysts also recently issued research reports about the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $54.00 target price on shares of Aaron’s, in a report on Thursday, September 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 price target on shares of Aaron’s, in a research note on Friday, September 1st. Northcoast Research reiterated a “buy” rating and issued a $52.50 price target (up previously from $45.00) on shares of Aaron’s, in a research note on Monday, July 31st. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Finally, BidaskClub cut shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $44.94.

Shares of Aaron’s, (NYSE AAN) opened at 39.14 on Monday. The stock has a market cap of $2.77 billion, a P/E ratio of 20.11 and a beta of 0.21. Aaron’s, has a 12 month low of $22.96 and a 12 month high of $48.22. The company has a 50 day moving average price of $42.01 and a 200-day moving average price of $39.72.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a $0.027 dividend. This represents a $0.11 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, September 14th. Aaron’s, ‘s payout ratio is currently 5.79%.

In other news, insider Curtis Linn Doman sold 30,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $43.35, for a total transaction of $1,300,500.00. Following the sale, the insider now directly owns 101,775 shares in the company, valued at approximately $4,411,946.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert P. Sinclair, Jr. sold 4,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $43.47, for a total transaction of $173,880.00. Following the sale, the insider now owns 12,469 shares in the company, valued at $542,027.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,776 shares of company stock worth $2,742,507. Corporate insiders own 1.93% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Aaron’s, by 1.9% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 11,178 shares of the company’s stock valued at $245,000 after buying an additional 210 shares in the last quarter. UBS Group AG raised its position in shares of Aaron’s, by 0.6% during the 1st quarter. UBS Group AG now owns 44,095 shares of the company’s stock valued at $1,311,000 after buying an additional 255 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Aaron’s, by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the company’s stock valued at $638,000 after buying an additional 300 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Aaron’s, by 0.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 38,370 shares of the company’s stock valued at $1,492,000 after buying an additional 307 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Aaron’s, by 13.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after buying an additional 312 shares in the last quarter.

About Aaron’s,

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.

Earnings History and Estimates for Aaron`s,  (NYSE:AAN)

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