The Aaron’s Company, Inc. (AAN) To Go Ex-Dividend on June 14th

The Aaron’s Company, Inc. (NYSE:AAN) announced a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Investors of record on Friday, June 14th will be paid a dividend of 0.125 per share on Wednesday, July 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date of this dividend is Friday, June 14th.

Aaron’s has a dividend payout ratio of 78.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Aaron’s to earn $0.67 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 74.6%.

Aaron’s Stock Up 1.4 %

NYSE:AAN traded up $0.10 during mid-day trading on Wednesday, hitting $7.38. 28,752 shares of the company’s stock traded hands, compared to its average volume of 261,892. Aaron’s has a twelve month low of $6.62 and a twelve month high of $16.16. The company has a fifty day moving average of $7.23 and a 200 day moving average of $8.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.73 and a current ratio of 1.04. The company has a market capitalization of $232.40 million, a P/E ratio of 93.50 and a beta of 1.31.

Aaron’s (NYSE:AAN) last issued its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Aaron’s had a return on equity of 3.59% and a net margin of 0.13%. The business had revenue of $511.50 million for the quarter, compared to analysts’ expectations of $521.05 million. During the same period last year, the business earned $0.66 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, analysts forecast that Aaron’s will post 0.08 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on AAN. StockNews.com raised Aaron’s from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. TD Cowen initiated coverage on Aaron’s in a report on Friday, March 8th. They issued a “market perform” rating and a $7.00 price objective on the stock. Stifel Nicolaus restated a “hold” rating and set a $7.00 target price on shares of Aaron’s in a report on Monday, March 11th. Finally, Truist Financial reduced their price target on shares of Aaron’s from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.50.

About Aaron’s

Headquartered in Atlanta, The Aaron’s Company, Inc (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-purchase solutions. Aaron’s engages in direct-to-consumer sales and lease ownership of furniture, appliances, consumer electronics and accessories through its approximately 1,300 company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform, Aarons.com.