Aaron’s, Inc. (NYSE:AAN) Expected to Post Earnings of $1.07 Per Share
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aaron's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's and related companies with MarketBeat.com's FREE daily email newsletter.