Aaron’s, Inc. (NYSE:AAN) updated its FY17 earnings guidance on Friday. The company provided earnings per share guidance of $2.45-2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.53. The company issued revenue guidance of $3.33-3.44 billion, compared to the consensus revenue estimate of $3.32 billion.
Several research analysts have issued reports on AAN shares. Raymond James Financial, Inc. raised Aaron’s, from a market perform rating to a strong-buy rating and set a $14.00 price target on the stock in a report on Friday. Loop Capital upgraded shares of Aaron’s, from a hold rating to a buy rating and set a $42.00 price target on the stock in a report on Wednesday. Janney Montgomery Scott initiated coverage on shares of Aaron’s, in a report on Wednesday, October 18th. They set a neutral rating and a $42.00 price target on the stock. Jefferies Group LLC restated a buy rating and set a $54.00 price target on shares of Aaron’s, in a report on Thursday, October 12th. Finally, Zacks Investment Research cut shares of Aaron’s, from a hold rating to a sell rating in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of C$43.06.
Shares of Aaron’s, Inc. (AAN) opened at C$36.59 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.74 and a current ratio of 2.35. The firm has a market cap of $2,589.18, a PE ratio of 15.18 and a beta of 0.23. Aaron’s, Inc. has a 52 week low of C$26.12 and a 52 week high of C$48.22.
Aaron’s, (NYSE:AAN) last released its quarterly earnings results on Friday, October 27th. The company reported C$0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.54 by C($0.11). Aaron’s, had a net margin of 4.15% and a return on equity of 11.41%. The company had revenue of C$838.80 million for the quarter, compared to the consensus estimate of C$827.20 million. During the same period last year, the company earned $0.50 earnings per share. Aaron’s, ‘s revenue for the quarter was up 9.1% compared to the same quarter last year. sell-side analysts predict that Aaron’s, Inc. will post 2.47 EPS for the current fiscal year.
The firm also recently disclosed 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 a positive change from Aaron’s, ‘s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.33%. The ex-dividend date is Tuesday, December 12th. Aaron’s, ‘s dividend payout ratio is currently 5.79%.
In other Aaron’s, news, CEO Ryan K. Woodley sold 6,776 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of C$44.30, for a total value of C$300,176.80. Following the sale, the chief executive officer now directly owns 145,849 shares in the company, valued at C$6,461,110.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John W. Robinson sold 15,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of C$36.24, for a total transaction of C$543,600.00. Following the completion of the sale, the chief executive officer now owns 337,340 shares in the company, valued at C$12,225,201.60. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 2,913,000 shares of company stock worth $118,730 and sold 60,779 shares worth $2,511,865. Corporate insiders own 1.93% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/12/aarons-inc-aan-updates-fy17-earnings-guidance.html.
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.
Receive News & Ratings for Aaron's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.