Aaron’s, (AAN) Earning Somewhat Positive Press Coverage, Study Shows
Media headlines about Aaron’s, (NYSE:AAN) have trended somewhat positive on Thursday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aaron’s, earned a news impact score of 0.22 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.1466965507294 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- $874.16 Million in Sales Expected for Aaron’s, Inc. (AAN) This Quarter (americanbankingnews.com)
- News Buzz: The Manitowoc Company, Inc., (NYSE: MTW), Aaron’s, Inc., (NYSE: AAN), Burlington Stores, Inc., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- ETFs with exposure to Aaron’s, Inc. : November 14, 2017 (finance.yahoo.com)
- Aaron’s, Inc. (AAN) Upgraded to “Strong-Buy” at Raymond James Financial, Inc. (americanbankingnews.com)
- Aaron’s, Inc. (AAN) Upgraded at Raymond James Financial, Inc. (americanbankingnews.com)
Aaron’s, (NYSE:AAN) opened at $35.80 on Thursday. The company has a market capitalization of $2,530.41, a price-to-earnings ratio of 14.84 and a beta of 0.23. Aaron’s, has a 12-month low of $26.12 and a 12-month high of $48.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74.
Aaron’s, (NYSE:AAN) last issued its earnings results on Friday, October 27th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.11). The firm had revenue of $838.80 million during the quarter, compared to the consensus estimate of $827.20 million. Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $0.50 earnings per share. analysts predict that Aaron’s, will post 2.47 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th will be given a $0.03 dividend. This is a boost from Aaron’s, ‘s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Tuesday, December 12th. Aaron’s, ‘s dividend payout ratio (DPR) is 5.79%.
AAN has been the subject of several research reports. Jefferies Group LLC reissued a “buy” rating and issued a $54.00 price objective on shares of Aaron’s, in a research report on Thursday, September 7th. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 price objective on shares of Aaron’s, in a research report on Friday, September 1st. Northcoast Research reissued a “buy” rating and issued a $52.50 price objective (up from $45.00) on shares of Aaron’s, in a research report on Monday, July 31st. SunTrust Banks, Inc. reissued a “buy” rating on shares of Aaron’s, in a research report on Monday, July 31st. Finally, Loop Capital raised Aaron’s, from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.06.
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In related news, CFO Steven A. Michaels sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $37.15, for a total value of $148,600.00. Following the completion of the transaction, the chief financial officer now directly owns 56,769 shares of the company’s stock, valued at $2,108,968.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.24, for a total value of $543,600.00. Following the completion of the transaction, the chief executive officer now directly owns 337,340 shares of the company’s stock, valued at $12,225,201.60. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 2,913,000 shares of company stock valued at $118,730 and sold 60,779 shares valued at $2,511,865. 1.93% of the stock is owned by company insiders.
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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