Aaron’s (NYSE:AAN) posted its quarterly earnings results on Thursday. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.10, Bloomberg Earnings reports. Aaron’s had a return on equity of 11.41% and a net margin of 4.15%. The business had revenue of $884.60 million during the quarter, compared to analysts’ expectations of $871.07 million. During the same quarter last year, the company posted $0.50 earnings per share. Aaron’s’s quarterly revenue was up 11.3% on a year-over-year basis. Aaron’s updated its FY18 guidance to $3.20-3.50 EPS.
Shares of Aaron’s (NYSE:AAN) traded up $5.79 during mid-day trading on Thursday, hitting $46.12. The company had a trading volume of 1,012,839 shares, compared to its average volume of 735,282. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2,795.77, a PE ratio of 21.23 and a beta of 0.20. Aaron’s has a fifty-two week low of $26.12 and a fifty-two week high of $48.22.
A number of brokerages have recently issued reports on AAN. Jefferies Group restated a “buy” rating and set a $54.00 price objective on shares of Aaron’s in a report on Tuesday, December 26th. Zacks Investment Research upgraded Aaron’s from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, January 10th. Sidoti upgraded Aaron’s from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, November 29th. Loop Capital upgraded Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Wednesday, November 8th. Finally, ValuEngine upgraded Aaron’s from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $46.10.
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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