Aaron’s (AAN) to Release Earnings on Monday

Aaron’s (NYSE:AAN) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Aaron’s has set its FY 2024 guidance at -0.100-0.250 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Aaron’s (NYSE:AAN) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.29). The firm had revenue of $529.50 million for the quarter, compared to analysts’ expectations of $542.07 million. Aaron’s had a net margin of 0.13% and a return on equity of 3.59%. The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. On average, analysts expect Aaron’s to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aaron’s Trading Down 3.4 %

NYSE:AAN opened at $7.07 on Monday. The company has a 50-day moving average price of $7.67 and a 200-day moving average price of $9.02. Aaron’s has a 12 month low of $6.72 and a 12 month high of $16.16. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28. The stock has a market cap of $222.60 million, a price-to-earnings ratio of 88.38 and a beta of 1.31.

Aaron’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Thursday, March 14th were given a $0.125 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.50 annualized dividend and a dividend yield of 7.07%. Aaron’s’s dividend payout ratio is 625.00%.

Wall Street Analysts Forecast Growth

AAN has been the subject of several research analyst reports. StockNews.com raised shares of Aaron’s from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Stephens raised shares of Aaron’s from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 2nd. TD Cowen initiated coverage on shares of Aaron’s in a research report on Friday, March 8th. They issued a “market perform” rating and a $7.00 target price for the company. Truist Financial dropped their target price on shares of Aaron’s from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price target on shares of Aaron’s in a research note on Monday, March 11th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Aaron’s presently has an average rating of “Hold” and a consensus target price of $11.67.

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.