Aaron’s (NYSE:AAN) Releases FY22 Earnings Guidance

Aaron’s (NYSE:AANGet Rating) issued an update on its FY22 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.65-$2.90 for the period, compared to the Thomson Reuters consensus estimate of $2.55. The company issued revenue guidance of $2.32-$2.39 billion, compared to the consensus revenue estimate of $1.80 billion.Aaron’s also updated its FY 2022 guidance to $2.650-$2.900 EPS.

NYSE:AAN traded up $0.05 during midday trading on Monday, reaching $20.53. 200,957 shares of the stock traded hands, compared to its average volume of 275,209. Aaron’s has a 12-month low of $18.26 and a 12-month high of $37.49. The business has a 50-day moving average of $21.42 and a two-hundred day moving average of $23.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $635.98 million, a PE ratio of 6.38 and a beta of 0.94.

Aaron’s (NYSE:AANGet Rating) last posted its earnings results on Wednesday, February 23rd. The company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.23. Aaron’s had a net margin of 5.96% and a return on equity of 17.38%. The company had revenue of $444.80 million during the quarter, compared to analysts’ expectations of $425.85 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. Research analysts anticipate that Aaron’s will post 2.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 5th. Shareholders of record on Thursday, March 17th were paid a dividend of $0.112 per share. This is a positive change from Aaron’s’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 16th. This represents a $0.45 dividend on an annualized basis and a yield of 2.18%. Aaron’s’s dividend payout ratio is presently 13.98%.

Separately, StockNews.com initiated coverage on shares of Aaron’s in a research note on Thursday, March 31st. They set a buy rating on the stock.

Institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP increased its stake in Aaron’s by 152.8% during the 4th quarter. Susquehanna International Group LLP now owns 13,923 shares of the company’s stock valued at $343,000 after purchasing an additional 40,307 shares in the last quarter. Citigroup Inc. increased its stake in shares of Aaron’s by 63.0% in the fourth quarter. Citigroup Inc. now owns 29,745 shares of the company’s stock worth $733,000 after acquiring an additional 11,502 shares during the period. Stifel Financial Corp increased its stake in shares of Aaron’s by 5.8% in the fourth quarter. Stifel Financial Corp now owns 46,769 shares of the company’s stock worth $1,153,000 after acquiring an additional 2,582 shares during the period. Sei Investments Co. increased its stake in shares of Aaron’s by 2.5% in the fourth quarter. Sei Investments Co. now owns 65,365 shares of the company’s stock worth $1,616,000 after acquiring an additional 1,579 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Aaron’s by 106.5% in the fourth quarter. Wells Fargo & Company MN now owns 69,528 shares of the company’s stock worth $1,714,000 after acquiring an additional 35,860 shares during the period. Institutional investors and hedge funds own 94.49% of the company’s stock.

About Aaron’s (Get Rating)

Headquartered in Atlanta, The Aaron’s Company, Inc (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-purchase solutions. Aaron’s engages in direct-to-consumer sales and lease ownership of furniture, appliances, consumer electronics and accessories through its approximately 1,300 company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform, Aarons.com.

See Also

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

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