Zacks: Brokerages Expect Aaron’s, Inc. (AAN) Will Post Earnings of $1.03 Per Share
Brokerages predict that Aaron’s, Inc. (NYSE:AAN) will report $1.03 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Aaron’s’ earnings. The highest EPS estimate is $1.08 and the lowest is $0.98. Aaron’s posted earnings per share of $0.65 in the same quarter last year, which would suggest a positive year over year growth rate of 58.5%. The business is expected to announce its next earnings report on Thursday, February 21st.
On average, analysts expect that Aaron’s will report full-year earnings of $3.37 per share for the current year, with EPS estimates ranging from $3.30 to $3.43. For the next fiscal year, analysts anticipate that the company will post earnings of $3.86 per share, with EPS estimates ranging from $3.60 to $4.08. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Aaron’s.
Aaron’s (NYSE:AAN) last released its earnings results on Thursday, October 25th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.06). Aaron’s had a return on equity of 12.22% and a net margin of 8.39%. The business had revenue of $953.07 million for the quarter, compared to analyst estimates of $948.48 million.
In other Aaron’s news, insider Curtis Linn Doman sold 5,000 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the insider now owns 62,523 shares in the company, valued at approximately $3,126,150. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan K. Woodley sold 12,500 shares of the stock in a transaction on Monday, October 29th. The shares were sold at an average price of $45.20, for a total value of $565,000.00. The disclosure for this sale can be found here. Corporate insiders own 2.28% of the company’s stock.
A number of large investors have recently made changes to their positions in AAN. Vanguard Group Inc lifted its holdings in Aaron’s by 1.5% in the third quarter. Vanguard Group Inc now owns 6,720,319 shares of the company’s stock worth $365,989,000 after acquiring an additional 100,211 shares during the last quarter. Federated Investors Inc. PA grew its position in Aaron’s by 28.3% during the 3rd quarter. Federated Investors Inc. PA now owns 61,271 shares of the company’s stock worth $3,337,000 after purchasing an additional 13,523 shares in the last quarter. Clearbridge Investments LLC grew its position in Aaron’s by 974,704.2% during the 3rd quarter. Clearbridge Investments LLC now owns 692,111 shares of the company’s stock worth $37,692,000 after purchasing an additional 692,040 shares in the last quarter. Vanguard Group Inc. grew its position in Aaron’s by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,720,319 shares of the company’s stock worth $365,989,000 after purchasing an additional 100,211 shares in the last quarter. Finally, Morgan Stanley grew its position in Aaron’s by 19.3% during the 3rd quarter. Morgan Stanley now owns 409,137 shares of the company’s stock worth $22,282,000 after purchasing an additional 66,180 shares in the last quarter.
NYSE AAN traded down $0.09 on Wednesday, hitting $46.40. 3,475 shares of the company’s stock were exchanged, compared to its average volume of 486,975. The company has a current ratio of 2.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. Aaron’s has a fifty-two week low of $36.20 and a fifty-two week high of $56.00. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 0.77 and a beta of 0.40.
The company also recently declared a quarterly dividend, which was paid on Monday, January 7th. Investors of record on Thursday, December 20th were issued a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, December 19th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.30%. This is a boost from Aaron’s’s previous quarterly dividend of $0.03. Aaron’s’s dividend payout ratio is currently 5.47%.
Aaron’s Company Profile
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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