Aaron’s, Inc. (NYSE:AAN) – Investment analysts at Northcoast Research lowered their FY2019 earnings estimates for Aaron’s in a research note issued on Wednesday, November 6th. Northcoast Research analyst T. Vierengel now anticipates that the company will post earnings per share of $3.81 for the year, down from their prior estimate of $4.03. Northcoast Research also issued estimates for Aaron’s’ Q4 2019 earnings at $1.07 EPS, Q1 2020 earnings at $1.11 EPS, Q2 2020 earnings at $1.09 EPS, Q3 2020 earnings at $1.02 EPS, Q4 2020 earnings at $1.31 EPS and FY2020 earnings at $4.53 EPS.
A number of other research analysts also recently issued reports on AAN. ValuEngine downgraded shares of Aaron’s from a “hold” rating to a “sell” rating in a research report on Wednesday. Loop Capital boosted their price target on shares of Aaron’s to $90.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Zacks Investment Research upgraded shares of Aaron’s from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Monday, October 14th. Bank of America began coverage on shares of Aaron’s in a research report on Thursday, September 26th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, Raymond James boosted their price target on shares of Aaron’s from $72.00 to $80.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.13.
Shares of NYSE AAN traded down $1.78 during midday trading on Friday, reaching $58.22. The stock had a trading volume of 1,075,835 shares, compared to its average volume of 629,791. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.03 and a beta of 0.50. Aaron’s has a twelve month low of $39.28 and a twelve month high of $78.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.62 and a current ratio of 2.74. The company’s 50 day moving average price is $67.77 and its 200 day moving average price is $62.16.
Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.09). The firm had revenue of $963.80 million during the quarter, compared to analyst estimates of $975.20 million. Aaron’s had a return on equity of 14.21% and a net margin of 5.09%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 19th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Wednesday, December 18th. This is an increase from Aaron’s’s previous quarterly dividend of $0.04. Aaron’s’s payout ratio is presently 4.17%.
Several institutional investors have recently added to or reduced their stakes in AAN. Krane Funds Advisors LLC acquired a new position in shares of Aaron’s during the 2nd quarter valued at $60,000. Tower Research Capital LLC TRC lifted its position in shares of Aaron’s by 293.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,035 shares of the company’s stock valued at $64,000 after acquiring an additional 772 shares during the period. Quantamental Technologies LLC bought a new stake in Aaron’s during the 2nd quarter valued at $87,000. Quest Capital Management Inc. ADV bought a new stake in Aaron’s during the 3rd quarter valued at $94,000. Finally, Signaturefd LLC increased its stake in Aaron’s by 19.8% during the 2nd quarter. Signaturefd LLC now owns 2,989 shares of the company’s stock valued at $184,000 after purchasing an additional 494 shares in the last quarter. Institutional investors own 96.68% of the company’s stock.
Aaron’s Company Profile
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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