Q1 2018 EPS Estimates for Aaron’s, Inc. Raised by Northcoast Research (AAN)
Aaron’s, Inc. (NYSE:AAN) – Equities researchers at Northcoast Research lifted their Q1 2018 earnings estimates for Aaron’s, in a research note issued to investors on Friday. Northcoast Research analyst N. Mitchell now expects that the company will post earnings of $0.91 per share for the quarter, up from their prior estimate of $0.89. Northcoast Research also issued estimates for Aaron’s, ‘s Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.71 EPS and FY2018 earnings at $3.07 EPS.
Aaron’s, (NYSE:AAN) last announced its quarterly earnings data on Friday, April 28th. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.14. Aaron’s, had a return on equity of 11.81% and a net margin of 4.47%. The firm had revenue of $844.60 million during the quarter, compared to the consensus estimate of $830.44 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue was down 1.1% on a year-over-year basis.
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AAN has been the subject of a number of other research reports. Zacks Investment Research cut Aaron’s, from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $34.00 target price on shares of Aaron’s, in a report on Friday, March 3rd. Loop Capital reiterated a “hold” rating and issued a $28.00 target price on shares of Aaron’s, in a report on Sunday, April 23rd. Finally, TheStreet upgraded Aaron’s, from a “c+” rating to a “b-” rating in a report on Monday, April 24th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Aaron’s, currently has a consensus rating of “Buy” and an average target price of $38.00.
Shares of Aaron’s, (NYSE AAN) opened at 39.42 on Monday. The firm has a 50-day moving average price of $36.90 and a 200 day moving average price of $31.96. Aaron’s, has a 12 month low of $20.51 and a 12 month high of $40.33. The company has a market cap of $2.79 billion, a P/E ratio of 20.04 and a beta of 0.18.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Tuesday, June 27th will be paid a dividend of $0.0275 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Friday, June 23rd. Aaron’s, ‘s dividend payout ratio is currently 5.58%.
In related news, CEO John W. Robinson sold 13,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 23rd. The stock was sold at an average price of $28.65, for a total transaction of $393,937.50. Following the completion of the sale, the chief executive officer now directly owns 378,440 shares of the company’s stock, valued at approximately $10,842,306. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven A. Michaels sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $28.81, for a total value of $288,100.00. Following the sale, the chief financial officer now directly owns 67,704 shares of the company’s stock, valued at $1,950,552.24. The disclosure for this sale can be found here. Insiders have sold a total of 47,750 shares of company stock valued at $1,542,268 over the last three months. 1.93% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of AAN. Meadow Creek Investment Management LLC raised its stake in shares of Aaron’s, by 5.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock worth $106,000 after buying an additional 168 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Aaron’s, by 24.1% in the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock worth $119,000 after buying an additional 778 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Aaron’s, by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,048 shares of the company’s stock worth $120,000 after buying an additional 1,904 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Aaron’s, by 29.5% in the first quarter. Bank of Montreal Can now owns 4,219 shares of the company’s stock worth $126,000 after buying an additional 961 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its stake in shares of Aaron’s, by 5.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,318 shares of the company’s stock worth $128,000 after buying an additional 204 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.
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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