Aaron’s, Inc. (AAN) Expected to Post Earnings of $0.88 Per Share

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Analysts expect Aaron’s, Inc. (NYSE:AAN) to report $0.88 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Aaron’s’ earnings, with estimates ranging from $0.84 to $0.90. Aaron’s reported earnings per share of $0.84 during the same quarter last year, which suggests a positive year over year growth rate of 4.8%. The firm is expected to issue its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Aaron’s will report full-year earnings of $3.80 per share for the current financial year, with EPS estimates ranging from $3.67 to $3.91. For the next fiscal year, analysts expect that the business will report earnings of $4.36 per share, with EPS estimates ranging from $4.13 to $4.50. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Aaron’s.

Aaron’s (NYSE:AAN) last posted its earnings results on Thursday, April 25th. The company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.15. Aaron’s had a net margin of 5.15% and a return on equity of 14.31%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $991.09 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. Aaron’s’s revenue for the quarter was up 6.0% compared to the same quarter last year.

Several brokerages have recently issued reports on AAN. Zacks Investment Research raised shares of Aaron’s from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Jefferies Financial Group reissued a “buy” rating and set a $65.00 price target on shares of Aaron’s in a research report on Monday, February 18th. Raymond James reissued a “buy” rating and set a $61.00 price target on shares of Aaron’s in a research report on Sunday, February 17th. Stephens set a $57.00 price target on shares of Aaron’s and gave the stock a “buy” rating in a research report on Friday, February 15th. Finally, KeyCorp reissued a “buy” rating and set a $68.00 price target on shares of Aaron’s in a research report on Friday, February 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $62.25.

In related news, insider Douglas A. Lindsay sold 9,798 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $50.79, for a total transaction of $497,640.42. Following the sale, the insider now directly owns 49,368 shares in the company, valued at $2,507,400.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Curtis Linn Doman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $55.66, for a total transaction of $556,600.00. Following the sale, the insider now owns 123,220 shares in the company, valued at $6,858,425.20. The disclosure for this sale can be found here. Insiders have sold 167,720 shares of company stock worth $8,732,952 in the last three months. Corporate insiders own 2.78% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. purchased a new stake in shares of Aaron’s during the fourth quarter worth approximately $755,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Aaron’s during the fourth quarter worth approximately $691,000. TrimTabs Asset Management LLC purchased a new stake in shares of Aaron’s during the fourth quarter worth approximately $1,130,000. Morgan Stanley increased its stake in shares of Aaron’s by 19.3% during the third quarter. Morgan Stanley now owns 409,137 shares of the company’s stock worth $22,282,000 after buying an additional 66,180 shares during the period. Finally, Dupont Capital Management Corp increased its stake in shares of Aaron’s by 42.7% during the fourth quarter. Dupont Capital Management Corp now owns 56,511 shares of the company’s stock worth $2,376,000 after buying an additional 16,903 shares during the period.

Shares of AAN traded up $1.81 during mid-day trading on Friday, hitting $58.75. 706,000 shares of the company’s stock were exchanged, compared to its average volume of 544,211. The stock has a market capitalization of $3.74 billion, a PE ratio of 17.49, a P/E/G ratio of 0.98 and a beta of 0.47. Aaron’s has a fifty-two week low of $38.77 and a fifty-two week high of $59.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 2.77.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.14 annualized dividend and a dividend yield of 0.24%. Aaron’s’s dividend payout ratio is presently 4.17%.

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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Earnings History and Estimates for Aaron`s (NYSE:AAN)

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