Aaron’s (AAN) Set to Announce Quarterly Earnings on Monday

Aaron’s (NYSE:AAN) is scheduled to be posting its quarterly earnings results after the market closes on Monday, August 5th. Analysts expect Aaron’s to post earnings of $0.03 per share for the quarter. Aaron’s has set its FY24 guidance at $0.00-0.25 EPS and its FY 2024 guidance at 0.000-0.250 EPS.

Aaron’s (NYSE:AAN) last announced 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 negative net margin of 1.15% and a positive return on equity of 0.02%. The company had revenue of $511.50 million during the quarter, compared to analyst estimates of $521.05 million. During the same quarter last year, the business earned $0.66 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, analysts expect Aaron’s to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aaron’s Stock Down 0.3 %

Shares of NYSE AAN opened at $10.03 on Friday. The company’s 50-day simple moving average is $9.35 and its 200-day simple moving average is $8.65. Aaron’s has a 52-week low of $6.62 and a 52-week high of $14.19. The firm has a market cap of $316.15 million, a price-to-earnings ratio of -12.70 and a beta of 1.43. The company has a quick ratio of 0.72, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Aaron’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.99%. The ex-dividend date was Friday, June 14th. Aaron’s’s dividend payout ratio is currently -63.29%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AAN shares. StockNews.com assumed coverage on shares of Aaron’s in a research note on Monday, July 29th. They issued a “hold” rating on the stock. Loop Capital lifted their target price on shares of Aaron’s from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.10 target price (down from $11.00) on shares of Aaron’s in a research note on Wednesday, July 10th. BTIG Research assumed coverage on shares of Aaron’s in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Finally, Truist Financial lifted their target price on shares of Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.46.

Aaron’s Company Profile

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.