Aaron’s, Inc. (AAN) Expected to Announce Quarterly Sales of $991.73 Million

Wall Street analysts expect Aaron’s, Inc. (NYSE:AAN) to report $991.73 million in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Aaron’s’ earnings, with the lowest sales estimate coming in at $973.40 million and the highest estimate coming in at $1.02 billion. Aaron’s posted sales of $884.63 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.1%. The business is scheduled to report its next quarterly earnings report on Thursday, February 21st.

According to Zacks, analysts expect that Aaron’s will report full year sales of $3.83 billion for the current fiscal year, with estimates ranging from $3.81 billion to $3.85 billion. For the next financial year, analysts anticipate that the business will report sales of $4.23 billion, with estimates ranging from $4.12 billion to $4.41 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Aaron’s.

Aaron’s (NYSE:AAN) last announced its quarterly earnings data on Thursday, October 25th. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.06). The firm had revenue of $953.07 million for the quarter, compared to the consensus estimate of $948.48 million. Aaron’s had a net margin of 8.39% and a return on equity of 12.22%.

Several equities analysts recently weighed in on AAN shares. Zacks Investment Research cut shares of Aaron’s from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. KeyCorp raised their target price on shares of Aaron’s from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, September 20th. ValuEngine cut shares of Aaron’s from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Loop Capital raised their target price on shares of Aaron’s to $59.00 and gave the company a “buy” rating in a research note on Friday, September 21st. Finally, Northcoast Research cut shares of Aaron’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $58.00.

In related news, insider Curtis Linn Doman sold 5,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the transaction, the insider now directly owns 62,523 shares of the company’s stock, valued at $3,126,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan K. Woodley sold 12,500 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $45.20, for a total transaction of $565,000.00. The disclosure for this sale can be found here. Company insiders own 2.28% of the company’s stock.

Large investors have recently modified their holdings of the business. Verition Fund Management LLC purchased a new position in shares of Aaron’s in the 3rd quarter worth $801,000. Foundry Partners LLC grew its stake in shares of Aaron’s by 2.5% in the 3rd quarter. Foundry Partners LLC now owns 205,040 shares of the company’s stock worth $11,166,000 after buying an additional 4,940 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Aaron’s by 237.7% in the 3rd quarter. Hsbc Holdings PLC now owns 64,150 shares of the company’s stock worth $3,493,000 after buying an additional 45,154 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in shares of Aaron’s by 7.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 71,054 shares of the company’s stock worth $3,087,000 after buying an additional 5,109 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in shares of Aaron’s by 445.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 80,447 shares of the company’s stock worth $1,830,000 after buying an additional 65,698 shares in the last quarter.

Shares of AAN stock opened at $46.34 on Friday. The firm has a market cap of $3.02 billion, a PE ratio of 18.10 and a beta of 0.40. Aaron’s has a one year low of $36.20 and a one year high of $56.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 2.43.

The business also recently announced a quarterly dividend, which was paid on Monday, January 7th. Investors of record on Thursday, December 20th were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 0.30%. This is a boost from Aaron’s’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, December 19th. Aaron’s’s dividend payout ratio (DPR) is presently 5.47%.

About Aaron’s

Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.

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