Headlines about Aaron’s (NYSE:AAN) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aaron’s earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.7984355250261 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Aaron’s, Inc. to Post Q1 2018 Earnings of $1.00 Per Share, Jefferies Group Forecasts (AAN) (americanbankingnews.com)
- Research Reports on Rental & Leasing Services Stocks — Red Rock Resorts, Triton Intl., Aaron’s, and Air Lease (broadwayworld.com)
- Aaron’s, Inc. (NYSE:AAN) – Price/Earnings to Growth – PEG in Focus – Nasdaq Journal (press release) (nasdaqjournal.com)
- Stock on the Move- Aaron’s, Inc. (AAN) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Technical Signal Analysis for Aaron’s, Inc. (NYSE:AAN) – The Oracle Examiner (oracleexaminer.com)
AAN has been the subject of several recent analyst reports. Off Wall Street initiated coverage on Aaron’s in a report on Monday, September 18th. They issued a “sell” rating for the company. Stephens reissued a “buy” rating and set a $61.00 price objective on shares of Aaron’s in a report on Wednesday, January 3rd. Raymond James Financial raised Aaron’s from a “market perform” rating to a “strong-buy” rating and set a $14.00 price target for the company in a report on Friday, November 10th. Zacks Investment Research upgraded Aaron’s from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. Finally, Janney Montgomery Scott assumed coverage on Aaron’s in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $42.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $45.27.
Aaron’s (NYSE:AAN) traded up $0.01 during midday trading on Friday, hitting $41.13. The company had a trading volume of 404,614 shares, compared to its average volume of 758,417. The company has a quick ratio of 0.74, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2,909.69, a PE ratio of 21.65 and a beta of 0.22. Aaron’s has a 12 month low of $26.12 and a 12 month high of $48.22.
Aaron’s (NYSE:AAN) last posted its earnings results on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.11). The business had revenue of $838.80 million during the quarter, compared to the consensus estimate of $827.20 million. Aaron’s had a return on equity of 11.41% and a net margin of 4.15%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. equities analysts anticipate that Aaron’s will post 2.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 13th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.29%. This is a boost from Aaron’s’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 12th. Aaron’s’s payout ratio is presently 6.32%.
In related news, CFO Steven A. Michaels sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total value of $148,600.00. Following the completion of the transaction, the chief financial officer now directly owns 56,769 shares in the company, valued at approximately $2,108,968.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John W. Robinson sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $36.24, for a total transaction of $543,600.00. Following the completion of the transaction, the chief executive officer now owns 337,340 shares of the company’s stock, valued at $12,225,201.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,003 shares of company stock worth $692,308. Insiders own 1.93% of the company’s stock.
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Aaron’s Company Profile
Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.
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