Aaron’s (AAN) Receiving Somewhat Favorable News Coverage, Report Shows

News headlines about Aaron’s (NYSE:AAN) have trended somewhat positive on Friday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Aaron’s earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.7984355250261 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have effected Accern’s analysis:

Shares of Aaron’s (AAN) traded down $0.39 during trading hours on Friday, reaching $39.85. 501,830 shares of the company’s stock were exchanged, compared to its average volume of 844,716. Aaron’s has a 12-month low of $26.12 and a 12-month high of $48.22. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24. The company has a market cap of $2,872.90, a price-to-earnings ratio of 20.97 and a beta of 0.23.

Aaron’s (NYSE:AAN) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.11). Aaron’s had a return on equity of 11.41% and a net margin of 4.15%. The company had revenue of $838.80 million for the quarter, compared to the consensus estimate of $827.20 million. During the same period in the prior year, the company earned $0.50 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. analysts expect that Aaron’s will post 2.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 13th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Tuesday, December 12th. This is a positive change from Aaron’s’s previous quarterly dividend of $0.03. Aaron’s’s dividend payout ratio (DPR) is 6.32%.

A number of equities research analysts recently issued reports on AAN shares. Off Wall Street started coverage on shares of Aaron’s in a research report on Monday, September 18th. They set a “sell” rating for the company. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 target price on shares of Aaron’s in a research report on Friday, September 1st. Raymond James Financial raised shares of Aaron’s from a “market perform” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a report on Friday, November 10th. Zacks Investment Research raised shares of Aaron’s from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Janney Montgomery Scott assumed coverage on shares of Aaron’s in a report on Wednesday, October 18th. They set a “neutral” rating and a $42.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.30.

In other news, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $36.24, for a total value of $543,600.00. Following the transaction, the chief executive officer now owns 337,340 shares of the company’s stock, valued at approximately $12,225,201.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven A. Michaels sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total transaction of $148,600.00. Following the completion of the transaction, the chief financial officer now directly owns 56,769 shares in the company, valued at approximately $2,108,968.35. The disclosure for this sale can be found here. Insiders sold a total of 19,003 shares of company stock worth $692,308 in the last ninety days. Insiders own 1.93% of the company’s stock.

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About Aaron’s

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.

Insider Buying and Selling by Quarter for Aaron`s (NYSE:AAN)

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