Aaron’s (AAN) Announces Earnings Results, Beats Estimates By $0.10 EPS

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 announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 15th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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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.

Earnings History for Aaron`s (NYSE:AAN)

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