Analysts Expect Aaron’s, Inc. (AAN) Will Announce Quarterly Sales of $874.16 Million
Equities analysts expect that Aaron’s, Inc. (NYSE:AAN) will report sales of $874.16 million for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Aaron’s’ earnings, with estimates ranging from $854.82 million to $893.58 million. Aaron’s posted sales of $794.95 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is expected to announce its next earnings report on Friday, February 16th.
According to Zacks, analysts expect that Aaron’s will report full-year sales of $874.16 million for the current fiscal year, with estimates ranging from $3.35 billion to $3.39 billion. For the next year, analysts expect that the business will report sales of $3.67 billion per share, with estimates ranging from $3.57 billion to $3.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Aaron’s.
Aaron’s (NYSE:AAN) last announced its earnings results on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the firm earned $0.50 EPS. Aaron’s’s quarterly revenue was up 9.1% on a year-over-year basis.
Aaron’s (NYSE:AAN) opened at $37.65 on Tuesday. Aaron’s has a 12 month low of $26.12 and a 12 month high of $48.22. The firm has a market capitalization of $2,773.12, a P/E ratio of 16.26 and a beta of 0.23. The company has a quick ratio of 0.74, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th will be paid a $0.03 dividend. This is an increase from Aaron’s’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 12th. This represents a $0.12 annualized dividend and a yield of 0.32%. Aaron’s’s dividend payout ratio is presently 5.79%.
In other Aaron’s news, CFO Steven A. Michaels sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total transaction of $148,600.00. Following the sale, the chief financial officer now owns 56,769 shares of the company’s stock, valued at approximately $2,108,968.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Robinson sold 15,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.24, for a total transaction of $543,600.00. Following the sale, the chief executive officer now directly owns 337,340 shares in the company, valued at approximately $12,225,201.60. The disclosure for this sale can be found here. In the last quarter, insiders purchased 1,798,000 shares of company stock worth $79,930 and sold 19,003 shares worth $692,308. 1.93% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. LS Investment Advisors LLC raised its holdings in Aaron’s by 34.5% during the 2nd quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock valued at $103,000 after acquiring an additional 682 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 acquiring an additional 312 shares during the period. Riverhead Capital Management LLC raised its holdings in Aaron’s by 70.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock valued at $153,000 after acquiring an additional 1,630 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Aaron’s by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,708 shares of the company’s stock worth $183,000 after purchasing an additional 705 shares during the period. Finally, KBC Group NV bought a new position in shares of Aaron’s in the third quarter worth $192,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/12/05/analysts-expect-aarons-inc-aan-will-announce-quarterly-sales-of-874-16-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aaron's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.