Aaron’s (AAN) Issues Earnings Results, Misses Expectations By $0.06 EPS

Aaron’s (NYSE:AAN) announced its quarterly earnings results on Thursday. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.06), MarketWatch Earnings reports. Aaron’s had a return on equity of 11.54% and a net margin of 8.14%. The firm had revenue of $953.07 million for the quarter, compared to analysts’ expectations of $948.48 million. Aaron’s updated its FY 2018 guidance to $3.30-3.45 EPS.

AAN traded up $1.26 during midday trading on Friday, hitting $45.15. 1,134,800 shares of the company traded hands, compared to its average volume of 691,215. The company has a quick ratio of 0.70, a current ratio of 2.60 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 17.64 and a beta of 0.02. Aaron’s has a 52-week low of $34.29 and a 52-week high of $56.00.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Thursday, September 20th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Wednesday, September 19th. Aaron’s’s payout ratio is 4.69%.



In other Aaron’s news, CEO Ryan K. Woodley sold 12,500 shares of the stock in a transaction on Monday, July 30th. The shares were sold at an average price of $43.01, for a total transaction of $537,625.00. Following the transaction, the chief executive officer now directly owns 146,550 shares of the company’s stock, valued at $6,303,115.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Curtis Linn Doman sold 35,000 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $50.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the insider now owns 67,523 shares of the company’s stock, valued at $3,376,150. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,404 shares of company stock worth $2,664,743. Insiders own 2.28% of the company’s stock.

A number of brokerages recently issued reports on AAN. Zacks Investment Research raised shares of Aaron’s from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Wednesday, September 26th. Stifel Nicolaus increased their price target on shares of Aaron’s from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. Northcoast Research downgraded shares of Aaron’s from a “buy” rating to a “neutral” rating in a report on Tuesday, October 9th. Loop Capital increased their price target on shares of Aaron’s to $59.00 and gave the stock a “buy” rating in a report on Friday, September 21st. Finally, KeyCorp increased their price target on shares of Aaron’s from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, September 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $56.10.

Aaron’s Company Profile

Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.

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Earnings History for Aaron`s (NYSE:AAN)

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