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.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Aaron’s from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Sidoti upgraded Aaron’s from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, November 29th. Loop Capital upgraded Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Wednesday, November 8th. KeyCorp upgraded Aaron’s from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research note on Thursday, September 28th. Finally, Northcoast Research set a $53.00 price objective on Aaron’s and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $43.30.

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.

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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.

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

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