Analysts Anticipate The Aaron’s Company, Inc. (NYSE:AAN) to Post $0.64 Earnings Per Share

Wall Street analysts expect The Aaron’s Company, Inc. (NYSE:AANGet Rating) to report earnings per share of $0.64 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Aaron’s’ earnings. The highest EPS estimate is $0.72 and the lowest is $0.55. Aaron’s posted earnings of $1.05 per share in the same quarter last year, which would suggest a negative year over year growth rate of 39%. The business is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Aaron’s will report full year earnings of $2.74 per share for the current fiscal year, with EPS estimates ranging from $2.67 to $2.78. For the next fiscal year, analysts anticipate that the company will post earnings of $3.16 per share, with EPS estimates ranging from $2.69 to $3.79. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Aaron’s.

Aaron’s (NYSE:AANGet Rating) last posted its earnings results on Monday, April 25th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.19. Aaron’s had a net margin of 5.23% and a return on equity of 15.25%. The business had revenue of $456.10 million for the quarter, compared to analyst estimates of $463.47 million. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis.

Separately, StockNews.com started coverage on Aaron’s in a research report on Thursday, March 31st. They issued a “buy” rating for the company.

A number of hedge funds have recently bought and sold shares of the stock. Sei Investments Co. boosted its stake in Aaron’s by 7.3% during the 1st quarter. Sei Investments Co. now owns 70,161 shares of the company’s stock worth $1,452,000 after purchasing an additional 4,796 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Aaron’s by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,421,931 shares of the company’s stock worth $28,554,000 after buying an additional 44,534 shares in the last quarter. BlackRock Inc. boosted its position in Aaron’s by 7.5% during the first quarter. BlackRock Inc. now owns 5,714,504 shares of the company’s stock worth $114,746,000 after acquiring an additional 398,527 shares during the last quarter. MetLife Investment Management LLC grew its stake in Aaron’s by 53.2% during the 1st quarter. MetLife Investment Management LLC now owns 21,286 shares of the company’s stock valued at $427,000 after acquiring an additional 7,394 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Aaron’s by 5.2% during the 1st quarter. Citigroup Inc. now owns 31,304 shares of the company’s stock valued at $629,000 after acquiring an additional 1,559 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

AAN stock traded down $0.04 during mid-day trading on Friday, reaching $19.95. 132 shares of the company’s stock were exchanged, compared to its average volume of 208,393. Aaron’s has a 12-month low of $18.26 and a 12-month high of $37.49. The stock’s 50 day moving average is $21.22 and its 200 day moving average is $22.58. The company has a market cap of $612.66 million, a price-to-earnings ratio of 7.00 and a beta of 0.59.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Thursday, June 16th will be given a $0.112 dividend. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $0.45 annualized dividend and a dividend yield of 2.25%. Aaron’s’s dividend payout ratio (DPR) is 15.73%.

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.

Read More

Get a free copy of the Zacks research report on Aaron’s (AAN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.