Aaron’s, Inc. (NYSE:AAN) – Stock analysts at Northcoast Research reduced their FY2019 earnings estimates for Aaron’s in a research note issued to investors on Wednesday, November 6th. Northcoast Research analyst T. Vierengel now expects that the company will earn $3.81 per share for the year, down from their prior estimate of $4.03. Northcoast Research also issued estimates for Aaron’s’ Q4 2019 earnings at $1.07 EPS, Q1 2020 earnings at $1.11 EPS, Q2 2020 earnings at $1.09 EPS, Q3 2020 earnings at $1.02 EPS, Q4 2020 earnings at $1.31 EPS and FY2020 earnings at $4.53 EPS.
Several other equities analysts have also issued reports on the company. Bank of America initiated coverage on Aaron’s in a research note on Thursday, September 26th. They set a “buy” rating and a $75.00 price target on the stock. ValuEngine lowered Aaron’s from a “hold” rating to a “sell” rating in a research note on Wednesday. Raymond James boosted their price target on Aaron’s from $72.00 to $80.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 16th. Loop Capital boosted their price target on Aaron’s to $90.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Zacks Investment Research upgraded Aaron’s from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.13.
AAN traded down $1.78 on Friday, hitting $58.22. 1,075,835 shares of the stock traded hands, compared to its average volume of 629,791. Aaron’s has a 52 week low of $39.28 and a 52 week high of $78.65. The company has a current ratio of 2.74, a quick ratio of 0.62 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.42 billion, a PE ratio of 17.33, a P/E/G ratio of 1.03 and a beta of 0.50. The business has a fifty day moving average price of $67.77 and a two-hundred day moving average price of $62.16.
Aaron’s (NYSE:AAN) last posted its earnings results on Monday, November 4th. The company reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.09). The company had revenue of $963.80 million for the quarter, compared to the consensus estimate of $975.20 million. Aaron’s had a net margin of 5.09% and a return on equity of 14.21%. Aaron’s’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 19th will be issued a $0.04 dividend. This is an increase from Aaron’s’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Wednesday, December 18th. Aaron’s’s payout ratio is presently 4.17%.
Several institutional investors and hedge funds have recently made changes to their positions in AAN. Krane Funds Advisors LLC acquired a new position in shares of Aaron’s in the 2nd quarter worth approximately $60,000. Tower Research Capital LLC TRC boosted its holdings in shares of Aaron’s by 293.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,035 shares of the company’s stock worth $64,000 after acquiring an additional 772 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Aaron’s in the 2nd quarter worth approximately $87,000. Quest Capital Management Inc. ADV acquired a new position in shares of Aaron’s in the 3rd quarter worth approximately $94,000. Finally, Signaturefd LLC boosted its holdings in shares of Aaron’s by 19.8% in the 2nd quarter. Signaturefd LLC now owns 2,989 shares of the company’s stock worth $184,000 after acquiring an additional 494 shares in the last quarter. 96.68% of the stock is currently owned by institutional investors and hedge funds.
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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