Aaron’s, Inc. (NYSE:AAN) announced its earnings results on Friday, October 27th. The company reported C$0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.54 by C($0.11), Bloomberg Earnings reports. The firm had revenue of C$838.80 million for the quarter, compared to analyst estimates of C$827.20 million. Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. Aaron’s, updated its FY17 guidance to $2.45-2.65 EPS.
Aaron’s, (AAN) traded up C$0.96 during midday trading on Friday, hitting C$36.59. 1,210,000 shares of the company were exchanged, compared to its average volume of 1,105,619. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74. Aaron’s, has a twelve month low of C$26.12 and a twelve month high of C$48.22. The company has a market cap of $2,589.18, a P/E ratio of 15.18 and a beta of 0.23.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th will be issued a $0.03 dividend. This is an increase from Aaron’s, ‘s previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, December 12th. Aaron’s, ‘s payout ratio is presently 5.79%.
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In other Aaron’s, news, insider Robert P. Sinclair, Jr. sold 1,000 shares of Aaron’s, stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of C$45.00, for a total value of C$45,000.00. Following the completion of the sale, the insider now directly owns 11,469 shares in the company, valued at C$516,105. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert P. Sinclair, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of C$43.47, for a total transaction of C$173,880.00. Following the completion of the sale, the insider now owns 12,469 shares of the company’s stock, valued at C$542,027.43. The disclosure for this sale can be found here. Over the last three months, insiders bought 2,913,000 shares of company stock worth $118,730 and sold 60,779 shares worth $2,511,865. Company insiders own 1.93% of the company’s stock.
AAN has been the topic of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $54.00 price target on shares of Aaron’s, in a report on Thursday, September 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price target on shares of Aaron’s, in a report on Friday, September 1st. Northcoast Research reaffirmed a “buy” rating and issued a $52.50 price target (up from $45.00) on shares of Aaron’s, in a report on Monday, July 31st. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Finally, Loop Capital upgraded shares of Aaron’s, from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Aaron’s, presently has an average rating of “Buy” and a consensus target price of C$43.06.
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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