Aaron’s, Inc. (NYSE:AAN) – Equities research analysts at Northcoast Research raised their Q4 2017 EPS estimates for Aaron’s, in a research note issued on Monday. Northcoast Research analyst N. Mitchell now anticipates that the company will post earnings of $0.59 per share for the quarter, up from their previous forecast of $0.54. Northcoast Research has a “Buy” rating and a $52.50 price objective on the stock. Northcoast Research also issued estimates for Aaron’s, ‘s Q1 2018 earnings at $0.96 EPS and Q2 2018 earnings at $0.79 EPS.
Aaron’s, (NYSE:AAN) last announced its quarterly earnings results on Friday, October 27th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.11). The business had revenue of $838.80 million for the quarter, compared to analysts’ expectations of $827.20 million. Aaron’s, had a net margin of 4.15% and a return on equity of 11.41%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. TRADEMARK VIOLATION NOTICE: “Q4 2017 Earnings Forecast for Aaron’s, Inc. Issued By Northcoast Research (AAN)” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/11/01/q4-2017-earnings-forecast-for-aarons-inc-issued-by-northcoast-research-aan.html.
Several other brokerages have also issued reports on AAN. SunTrust Banks, Inc. restated a “buy” rating on shares of Aaron’s, in a research report on Monday, July 31st. 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 report on Sunday, July 30th. Jefferies Group LLC restated a “buy” rating on shares of Aaron’s, in a research report on Sunday, July 30th. Zacks Investment Research lowered shares of Aaron’s, from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, Off Wall Street assumed coverage on shares of Aaron’s, in a research report on Monday, September 18th. They set a “sell” rating for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.94.
Shares of Aaron’s, (NYSE AAN) traded down 2.74% during mid-day trading on Tuesday, hitting $35.79. 512,006 shares of the company were exchanged. The company has a 50 day moving average of $41.74 and a 200 day moving average of $39.87. The company has a market capitalization of $2.53 billion, a P/E ratio of 18.39 and a beta of 0.21. Aaron’s, has a 52 week low of $24.69 and a 52 week high of $48.22.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a dividend of $0.027 per share. This represents a $0.11 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, September 14th. Aaron’s, ‘s dividend payout ratio is currently 5.79%.
In other Aaron’s, news, CEO Ryan K. Woodley sold 6,776 shares of Aaron’s, stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $44.30, for a total transaction of $300,176.80. Following the transaction, the chief executive officer now owns 145,849 shares of the company’s stock, valued at $6,461,110.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert P. Sinclair, Jr. sold 4,000 shares of Aaron’s, stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $43.47, for a total transaction of $173,880.00. Following the transaction, the insider now directly owns 12,469 shares in the company, valued at approximately $542,027.43. The disclosure for this sale can be found here. Insiders have sold 41,776 shares of company stock worth $1,819,557 in the last ninety days. Insiders own 1.93% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Aaron’s, by 1.9% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,178 shares of the company’s stock worth $245,000 after buying an additional 210 shares in the last quarter. UBS Group AG lifted its holdings in shares of Aaron’s, by 0.6% in the first quarter. UBS Group AG now owns 44,095 shares of the company’s stock worth $1,311,000 after buying an additional 255 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Aaron’s, by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the company’s stock worth $638,000 after buying an additional 300 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Aaron’s, by 0.8% in the second quarter. Great West Life Assurance Co. Can now owns 38,370 shares of the company’s stock worth $1,492,000 after buying an additional 307 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aaron’s, by 13.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock worth $103,000 after buying an additional 312 shares in the last quarter.
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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