Equities research analysts forecast that Aaron’s, Inc. (NYSE:AAN) will report earnings per share (EPS) of $1.07 for the current quarter, according to Zacks. Seven analysts have provided estimates for Aaron’s’ earnings. The lowest EPS estimate is $1.06 and the highest is $1.10. Aaron’s posted earnings of $1.02 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 13th.

On average, analysts expect that Aaron’s will report full year earnings of $3.81 per share for the current year, with EPS estimates ranging from $3.79 to $3.84. For the next year, analysts expect that the business will report earnings of $4.44 per share, with EPS estimates ranging from $4.24 to $4.60. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Aaron’s.

Aaron’s (NYSE:AAN) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). The firm had revenue of $963.80 million during the quarter, compared to analyst estimates of $975.20 million. Aaron’s had a net margin of 5.09% and a return on equity of 14.21%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS.

A number of brokerages have commented on AAN. Bank of America began coverage on shares of Aaron’s in a research note on Thursday, September 26th. They issued a “buy” rating and a $75.00 price target for the company. Loop Capital restated a “buy” rating and set a $90.00 target price on shares of Aaron’s in a research note on Wednesday, January 8th. KeyCorp set a $88.00 target price on shares of Aaron’s and gave the stock a “buy” rating in a research note on Friday, October 11th. ValuEngine upgraded shares of Aaron’s from a “strong sell” rating to a “sell” rating in a research note on Friday. Finally, Stephens restated a “buy” rating and set a $80.00 target price on shares of Aaron’s in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.75.

Several hedge funds and other institutional investors have recently bought and sold shares of AAN. Vanguard Group Inc. raised its stake in Aaron’s by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,860,993 shares of the company’s stock worth $421,335,000 after purchasing an additional 59,051 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Aaron’s by 8.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,425,071 shares of the company’s stock worth $333,154,000 after purchasing an additional 421,510 shares in the last quarter. Northern Trust Corp increased its holdings in Aaron’s by 1.5% in the 2nd quarter. Northern Trust Corp now owns 1,679,866 shares of the company’s stock valued at $103,161,000 after buying an additional 24,483 shares during the period. Nuveen Asset Management LLC increased its holdings in Aaron’s by 90.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,547,777 shares of the company’s stock valued at $95,049,000 after buying an additional 733,735 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Aaron’s by 7.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,007,685 shares of the company’s stock valued at $64,754,000 after buying an additional 65,700 shares during the period. Institutional investors own 97.82% of the company’s stock.

AAN stock traded up $0.18 during trading hours on Thursday, reaching $58.46. The stock had a trading volume of 99,489 shares, compared to its average volume of 534,641. The stock has a market capitalization of $3.88 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 0.71 and a beta of 0.37. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.74 and a quick ratio of 0.70. The stock has a 50-day simple moving average of $58.11 and a 200 day simple moving average of $62.64. Aaron’s has a fifty-two week low of $45.70 and a fifty-two week high of $78.65.

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 19th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Wednesday, December 18th. This is a boost from Aaron’s’s previous quarterly dividend of $0.04. Aaron’s’s dividend payout ratio (DPR) is currently 4.76%.

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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