Aaron’s, Inc. (AAN) Expected to Earn Q1 2018 Earnings of $1.00 Per Share

Aaron’s, Inc. (NYSE:AAN) – Jefferies Group upped their Q1 2018 earnings per share (EPS) estimates for shares of Aaron’s in a research note issued to investors on Wednesday. Jefferies Group analyst K. Joseph now forecasts that the company will earn $1.00 per share for the quarter, up from their prior forecast of $0.86. Jefferies Group currently has a “Buy” rating and a $54.00 price target on the stock. Jefferies Group also issued estimates for Aaron’s’ FY2018 earnings at $3.40 EPS.

Other equities analysts have also recently issued reports about the stock. Northcoast Research set a $53.00 price target on shares of Aaron’s and gave the stock a “buy” rating in a research report on Friday, December 1st. Sidoti raised shares of Aaron’s from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, November 29th. Loop Capital raised shares of Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, November 8th. Zacks Investment Research raised shares of Aaron’s from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday. Finally, Stephens reissued a “buy” rating and set a $61.00 price target on shares of Aaron’s in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.27.

Aaron’s (NYSE AAN) opened at $41.13 on Friday. The firm has a market cap of $2,909.69, a price-to-earnings ratio of 17.06 and a beta of 0.22. Aaron’s has a 52-week low of $26.12 and a 52-week high of $48.22. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24.

Aaron’s (NYSE:AAN) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.11). The business had revenue of $838.80 million during the quarter, compared to the consensus estimate of $827.20 million. Aaron’s had a net margin of 4.15% and a return on equity of 11.41%. Aaron’s’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.29%. This is a positive change from Aaron’s’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 12th. Aaron’s’s dividend payout ratio (DPR) is presently 6.32%.

In related news, CFO Steven A. Michaels sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total transaction of $148,600.00. Following the sale, the chief financial officer now directly owns 56,769 shares in the company, valued at $2,108,968.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.24, for a total transaction of $543,600.00. Following the sale, the chief executive officer now owns 337,340 shares in the company, valued at $12,225,201.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,003 shares of company stock worth $692,308. 1.93% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. USA Financial Portformulas Corp acquired a new stake in Aaron’s in the 3rd quarter valued at $482,000. Macquarie Group Ltd. acquired a new stake in Aaron’s in the 3rd quarter valued at $777,000. American International Group Inc. increased its stake in Aaron’s by 2.0% in the 3rd quarter. American International Group Inc. now owns 169,836 shares of the company’s stock valued at $7,410,000 after buying an additional 3,276 shares during the last quarter. Legal & General Group Plc increased its stake in Aaron’s by 10.3% in the 2nd quarter. Legal & General Group Plc now owns 80,025 shares of the company’s stock valued at $3,112,000 after buying an additional 7,493 shares during the last quarter. Finally, Numeric Investors LLC acquired a new stake in Aaron’s in the 2nd quarter valued at $576,000.

COPYRIGHT VIOLATION NOTICE: “Aaron’s, Inc. (AAN) Expected to Earn Q1 2018 Earnings of $1.00 Per Share” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/13/aarons-inc-aan-expected-to-earn-q1-2018-earnings-of-1-00-per-share.html.

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.

Receive News & Ratings for Aaron's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply