Aaron’s, Inc. (NYSE:AAN) – Northcoast Research reduced their Q3 2018 earnings estimates for Aaron’s, in a research report issued to clients and investors on Monday. Northcoast Research analyst N. Mitchell now expects that the company will earn $0.63 per share for the quarter, down from their previous forecast of $0.73. Northcoast Research has a “Buy” rating and a $52.50 price target on the stock. Northcoast Research also issued estimates for Aaron’s, ‘s Q4 2018 earnings at $0.71 EPS and FY2018 earnings at $3.09 EPS.
A number of other equities research analysts have also weighed in on AAN. BidaskClub lowered Aaron’s, from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Jefferies Group LLC restated a “buy” rating on shares of Aaron’s, in a research note on Sunday, July 30th. Stifel Nicolaus restated a “buy” rating and set a $55.00 target price (up from $40.00) on shares of Aaron’s, in a research note on Sunday, July 30th. SunTrust Banks, Inc. restated a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Finally, Off Wall Street began coverage on Aaron’s, in a research note on Monday, September 18th. They set a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Aaron’s, presently has a consensus rating of “Hold” and a consensus target price of $44.94.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.com-unik.info/2017/11/01/northcoast-research-weighs-in-on-aarons-inc-s-q3-2018-earnings-aan.html. Aaron’s, (NYSE:AAN) last issued its quarterly earnings results on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.11). The firm had revenue of $838.80 million during the quarter, compared to analysts’ expectations of $827.20 million. Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. Aaron’s, ‘s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 earnings per share.
Several hedge funds have recently modified their holdings of AAN. LS Investment Advisors LLC grew its holdings in shares of Aaron’s, by 34.5% during the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock worth $103,000 after buying an additional 682 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Aaron’s, by 13.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after purchasing an additional 312 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Aaron’s, by 24.1% in the 1st quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock valued at $119,000 after purchasing an additional 778 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Aaron’s, by 70.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock valued at $153,000 after purchasing an additional 1,630 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Aaron’s, in the 2nd quarter valued at approximately $201,000.
In other Aaron’s, news, insider Robert P. Sinclair, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the transaction, the insider now owns 11,469 shares of the company’s stock, valued at $516,105. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan K. Woodley sold 6,776 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $44.30, for a total value of $300,176.80. Following the transaction, the chief executive officer now directly owns 145,849 shares in the company, valued at approximately $6,461,110.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,776 shares of company stock worth $1,819,557. 1.93% of the stock is owned by insiders.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a $0.027 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Thursday, September 14th. Aaron’s, ‘s payout ratio is currently 5.79%.
Aaron’s, Company Profile
Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.
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