Analysts Expect Aaron’s, Inc. (AAN) Will Announce Earnings of $1.01 Per Share

Equities analysts predict that Aaron’s, Inc. (NYSE:AAN) will post earnings per share (EPS) of $1.01 for the current quarter, according to Zacks. Seven analysts have issued estimates for Aaron’s’ earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $1.08. Aaron’s posted earnings per share of $0.65 during the same quarter last year, which indicates a positive year over year growth rate of 55.4%. The firm is expected to announce its next quarterly earnings report on Thursday, February 21st.

According to Zacks, analysts expect that Aaron’s will report full year earnings of $3.38 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.44. For the next financial year, analysts expect that the business will post earnings of $3.86 per share, with EPS estimates ranging from $3.60 to $4.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Aaron’s.

Aaron’s (NYSE:AAN) last posted its earnings results on Thursday, October 25th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The business had revenue of $953.07 million for the quarter, compared to analyst estimates of $948.48 million. Aaron’s had a return on equity of 12.22% and a net margin of 8.39%.

AAN has been the topic of a number of recent analyst reports. Zacks Investment Research raised Aaron’s from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, September 26th. ValuEngine raised Aaron’s from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Raymond James reissued a “buy” rating and set a $57.00 target price on shares of Aaron’s in a report on Sunday, August 12th. Stifel Nicolaus boosted their target price on Aaron’s from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. Finally, Loop Capital boosted their target price on Aaron’s to $59.00 and gave the stock a “buy” rating in a report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.10.

In other Aaron’s news, CEO Ryan K. Woodley sold 12,500 shares of the company’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $45.20, for a total value of $565,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Curtis Linn Doman sold 35,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $50.00, for a total value of $1,750,000.00. Following the completion of the transaction, the insider now directly owns 67,523 shares in the company, valued at $3,376,150. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,904 shares of company stock worth $2,579,618. Insiders own 2.28% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAN. Itau Unibanco Holding S.A. bought a new stake in shares of Aaron’s during the 2nd quarter worth $170,000. Private Advisor Group LLC bought a new stake in shares of Aaron’s during the 2nd quarter worth $293,000. First Hawaiian Bank bought a new stake in shares of Aaron’s during the 3rd quarter worth $395,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of Aaron’s during the 3rd quarter worth $448,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Aaron’s during the 1st quarter worth $383,000.

AAN stock opened at $47.13 on Thursday. The company has a current ratio of 2.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.17 billion, a P/E ratio of 18.41 and a beta of 0.02. Aaron’s has a 1-year low of $34.29 and a 1-year high of $56.00.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Thursday, September 20th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Wednesday, September 19th. Aaron’s’s dividend payout ratio is 4.69%.

About Aaron’s

Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.

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