The Aaron’s Company, Inc. Expected to Post Q4 2024 Earnings of $0.20 Per Share (NYSE:AAN)

The Aaron’s Company, Inc. (NYSE:AAN) – Analysts at Zacks Research cut their Q4 2024 earnings estimates for Aaron’s in a research report issued on Monday, November 6th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.20 per share for the quarter, down from their prior estimate of $0.28. The consensus estimate for Aaron’s’ current full-year earnings is $1.09 per share.

Aaron’s (NYSE:AAN) last posted its earnings results on Tuesday, October 24th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Aaron’s had a return on equity of 5.09% and a net margin of 0.42%. The firm had revenue of $525.68 million for the quarter, compared to analyst estimates of $536.10 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The company’s revenue for the quarter was down 11.4% on a year-over-year basis.

A number of other brokerages have also issued reports on AAN. Truist Financial dropped their price target on shares of Aaron’s from $15.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday, October 5th. StockNews.com downgraded shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Jefferies Financial Group reduced their price objective on shares of Aaron’s from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Finally, Stephens reissued an “equal weight” rating and issued a $18.00 price target on shares of Aaron’s in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.16.

Aaron’s Stock Down 4.0 %

Shares of NYSE:AAN opened at $7.02 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $9.59 and a 200 day simple moving average of $12.07. The firm has a market cap of $212.92 million, a PE ratio of 23.40 and a beta of 1.31. Aaron’s has a 12-month low of $6.99 and a 12-month high of $16.16.

Aaron’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.12%. Aaron’s’s dividend payout ratio is 166.67%.

Hedge Funds Weigh In On Aaron’s

A number of large investors have recently made changes to their positions in the business. Gladius Capital Management LP increased its holdings in Aaron’s by 80.0% in the third quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock worth $28,000 after buying an additional 1,157 shares during the last quarter. Signaturefd LLC boosted its position in Aaron’s by 231.2% during the third quarter. Signaturefd LLC now owns 2,865 shares of the company’s stock worth $30,000 after purchasing an additional 2,000 shares during the period. Pinnacle Holdings LLC bought a new stake in Aaron’s during the first quarter worth approximately $50,000. State of Wyoming bought a new stake in Aaron’s during the second quarter worth approximately $61,000. Finally, UBS Group AG boosted its position in Aaron’s by 430.2% during the third quarter. UBS Group AG now owns 6,554 shares of the company’s stock worth $64,000 after purchasing an additional 8,539 shares during the period. Institutional investors and hedge funds own 93.82% of the company’s stock.

About Aaron’s

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.