Analysts predict that Aaron’s, Inc. (NYSE:AAN) will report $830.97 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Aaron’s, ‘s earnings, with the lowest sales estimate coming in at $824.30 million and the highest estimate coming in at $840.07 million. Aaron’s, reported sales of $768.98 million during the same quarter last year, which indicates a positive year over year growth rate of 8.1%. The firm is expected to announce its next earnings results on Friday, October 27th.

On average, analysts expect that Aaron’s, will report full year sales of $830.97 million for the current fiscal year, with estimates ranging from $3.34 billion to $3.39 billion. For the next year, analysts anticipate that the business will report sales of $3.65 billion per share, with estimates ranging from $3.56 billion to $3.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Aaron’s, .

Aaron’s, (NYSE:AAN) last released its quarterly earnings results on Friday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.10. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. The company had revenue of $815.60 million during the quarter, compared to the consensus estimate of $786.12 million. During the same quarter in the prior year, the company posted $0.59 EPS. The firm’s revenue was up 3.3% on a year-over-year basis.

A number of equities analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price target on shares of Aaron’s, in a report on Friday. Jefferies Group LLC reiterated a “buy” rating and set a $54.00 price target on shares of Aaron’s, in a report on Thursday. Northcoast Research reiterated a “buy” rating and set a $52.50 price target (up previously from $45.00) on shares of Aaron’s, in a report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Finally, BidaskClub cut Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $44.21.

Aaron’s, (NYSE AAN) opened at 44.27 on Friday. The firm has a market cap of $3.13 billion, a PE ratio of 22.75 and a beta of 0.17. Aaron’s, has a 52-week low of $22.37 and a 52-week high of $48.22. The company’s 50 day moving average price is $43.26 and its 200 day moving average price is $35.87.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.027 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.24%. Aaron’s, ‘s payout ratio is 5.64%.

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In other Aaron’s, news, insider Curtis Linn Doman sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $43.35, for a total transaction of $1,300,500.00. Following the completion of the transaction, the insider now directly owns 101,775 shares in the company, valued at $4,411,946.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven A. Michaels sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $46.26, for a total transaction of $231,300.00. Following the transaction, the chief financial officer now owns 61,095 shares of the company’s stock, valued at $2,826,254.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,776 shares of company stock valued at $2,742,507. 1.93% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LS Investment Advisors LLC increased its position in shares of Aaron’s, by 34.5% in the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock valued at $103,000 after buying an additional 682 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Aaron’s, by 13.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after buying an additional 312 shares in the last quarter. Meadow Creek Investment Management LLC increased its position 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 valued at $106,000 after buying an additional 168 shares in the last quarter. Victory Capital Management Inc. increased its position 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 valued at $119,000 after buying an additional 778 shares in the last quarter. Finally, TrimTabs Asset Management LLC increased its position 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 valued at $120,000 after buying an additional 1,904 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Aaron’s, Company Profile

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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Earnings History and Estimates for Aaron`s,  (NYSE:AAN)

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