Wall Street analysts forecast that Aaron’s, Inc. (NYSE:AAN) will post sales of $997.14 million for the current quarter, Zacks reports. Seven analysts have made estimates for Aaron’s’ earnings, with the lowest sales estimate coming in at $971.78 million and the highest estimate coming in at $1.01 billion. Aaron’s reported sales of $954.81 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The firm is expected to issue its next earnings report on Thursday, April 25th.
On average, analysts expect that Aaron’s will report full-year sales of $3.97 billion for the current year, with estimates ranging from $3.92 billion to $4.00 billion. For the next financial year, analysts forecast that the firm will report sales of $4.37 billion, with estimates ranging from $4.31 billion to $4.41 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow Aaron’s.
Aaron’s (NYSE:AAN) last posted its quarterly earnings data on Thursday, February 14th. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). Aaron’s had a return on equity of 13.51% and a net margin of 5.12%. The business had revenue of $993.20 million during the quarter, compared to the consensus estimate of $966.29 million. During the same period last year, the business posted $0.65 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis.
Shares of AAN stock traded down $0.15 during mid-day trading on Tuesday, hitting $54.14. The company’s stock had a trading volume of 342,574 shares, compared to its average volume of 554,678. Aaron’s has a 52 week low of $38.77 and a 52 week high of $56.04. The company has a current ratio of 2.55, a quick ratio of 0.49 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.69 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.99 and a beta of 0.51.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Tuesday, March 19th will be paid a $0.035 dividend. The ex-dividend date is Monday, March 18th. This represents a $0.14 annualized dividend and a dividend yield of 0.26%. Aaron’s’s dividend payout ratio is presently 4.17%.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Aaron’s by 7.7% in the 4th quarter. BlackRock Inc. now owns 8,461,144 shares of the company’s stock valued at $355,792,000 after buying an additional 604,170 shares during the period. Vanguard Group Inc. grew its stake in shares of Aaron’s by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,720,319 shares of the company’s stock valued at $365,989,000 after buying an additional 100,211 shares during the period. Vanguard Group Inc grew its stake in shares of Aaron’s by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 6,720,319 shares of the company’s stock valued at $365,989,000 after buying an additional 100,211 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in Aaron’s by 18.8% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,295,041 shares of the company’s stock valued at $54,456,000 after purchasing an additional 204,482 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Aaron’s by 18.8% during the 4th quarter. Principal Financial Group Inc. now owns 1,202,997 shares of the company’s stock valued at $50,585,000 after purchasing an additional 190,580 shares during the last quarter.
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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