Zacks: Analysts Anticipate Aaron’s, Inc. (AAN) to Post $1.01 Earnings Per Share

Wall Street brokerages predict that Aaron’s, Inc. (NYSE:AAN) will post $1.01 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Aaron’s’ earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $0.94. Aaron’s posted earnings of $0.65 per share in the same quarter last year, which indicates a positive year over year growth rate of 55.4%. The firm 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 $3.38 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.44. For the next year, analysts anticipate that the company will report earnings of $3.86 per share, with EPS estimates ranging from $3.60 to $4.08. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Aaron’s.

Aaron’s (NYSE:AAN) last issued its quarterly 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 net margin of 8.39% and a return on equity of 12.22%. The business had revenue of $953.07 million during the quarter, compared to analyst estimates of $948.48 million.

Several brokerages have issued reports on AAN. Northcoast Research lowered Aaron’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 9th. Stifel Nicolaus upped their target price on Aaron’s from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. ValuEngine raised Aaron’s from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Loop Capital upped their target price on Aaron’s to $59.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Finally, Zacks Investment Research raised Aaron’s from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $56.10.

AAN traded up $0.67 during trading on Thursday, hitting $48.92. The company’s stock had a trading volume of 942,146 shares, compared to its average volume of 727,311. Aaron’s has a twelve month low of $34.29 and a twelve month high of $56.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 2.43. The firm has a market cap of $3.36 billion, a PE ratio of 16.36 and a beta of 0.25.

The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Thursday, September 20th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Wednesday, September 19th. Aaron’s’s payout ratio is 4.69%.

In other news, CEO Ryan K. Woodley sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $45.20, for a total transaction of $565,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Curtis Linn Doman sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $50.00, for a total value of $1,750,000.00. Following the transaction, the insider now directly owns 67,523 shares in the company, valued at $3,376,150. The disclosure for this sale can be found here. Insiders have sold 52,904 shares of company stock worth $2,579,618 over the last ninety days. 2.28% of the stock is owned by insiders.

Several large investors have recently modified their holdings of AAN. BlackRock Inc. raised its position in Aaron’s by 6.7% in the 2nd quarter. BlackRock Inc. now owns 7,434,486 shares of the company’s stock valued at $323,026,000 after buying an additional 469,427 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in Aaron’s by 88.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 2,601,402 shares of the company’s stock valued at $113,031,000 after purchasing an additional 1,219,143 shares during the period. Northern Trust Corp grew its stake in Aaron’s by 9.0% in the 2nd quarter. Northern Trust Corp now owns 1,646,905 shares of the company’s stock valued at $71,558,000 after purchasing an additional 135,616 shares during the period. Stephens Investment Management Group LLC grew its stake in Aaron’s by 10.9% in the 2nd quarter. Stephens Investment Management Group LLC now owns 1,333,166 shares of the company’s stock valued at $58,393,000 after purchasing an additional 131,115 shares during the period. Finally, Glenmede Trust Co. NA grew its stake in Aaron’s by 25.3% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,057,488 shares of the company’s stock valued at $45,947,000 after purchasing an additional 213,678 shares during the period.

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

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