Aaron’s, Inc. (AAN) Issues FY17 Earnings Guidance

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.

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About Aaron’s,

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.

Earnings History and Estimates for Aaron`s,  (NYSE:AAN)

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