Analysts expect Aaron's, Inc. (NYSE:AAN) to announce $940.82 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Aaron's’ earnings, with estimates ranging from $919.00 million to $976.45 million. Aaron's reported sales of $844.55 million during the same quarter last year, which indicates a positive year over year growth rate of 11.4%. The firm is scheduled to issue its next quarterly earnings results on Friday, April 27th.
According to Zacks, analysts expect that Aaron's will report full-year sales of $940.82 million for the current financial year, with estimates ranging from $3.73 billion to $3.84 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.09 billion per share, with estimates ranging from $3.90 billion to $4.25 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Aaron's.
Aaron's (NYSE:AAN) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.10. The business had revenue of $884.60 million during the quarter, compared to the consensus estimate of $871.07 million. Aaron's had a return on equity of 11.64% and a net margin of 8.65%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS.
In other news, Director Robert H. Yanker sold 40,195 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $47.69, for a total transaction of $1,916,899.55. Following the completion of the transaction, the director now owns 8,038 shares of the company’s stock, valued at approximately $383,332.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert P. Sinclair, Jr. sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $46.00, for a total transaction of $46,000.00. Following the transaction, the insider now directly owns 10,021 shares of the company’s stock, valued at approximately $460,966. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,647 shares of company stock valued at $2,033,048. Corporate insiders own 1.93% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AAN. Nationwide Fund Advisors increased its stake in shares of Aaron's by 32.9% during the 3rd quarter. Nationwide Fund Advisors now owns 204,188 shares of the company’s stock valued at $8,909,000 after acquiring an additional 50,561 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Aaron's during the 3rd quarter valued at about $777,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Aaron's by 156.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,795 shares of the company’s stock worth $296,000 after purchasing an additional 4,146 shares during the period. Legal & General Group Plc grew its holdings in shares of Aaron's by 5.7% during the 3rd quarter. Legal & General Group Plc now owns 84,597 shares of the company’s stock worth $3,691,000 after purchasing an additional 4,572 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Aaron's by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 929,135 shares of the company’s stock worth $40,453,000 after purchasing an additional 59,129 shares during the period.
NYSE:AAN opened at $47.70 on Tuesday. The firm has a market cap of $3,402.24, a PE ratio of 18.97 and a beta of 0.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.73 and a quick ratio of 0.80. Aaron's has a 52-week low of $29.70 and a 52-week high of $49.77.
Aaron's declared that its board has approved a share buyback plan on Thursday, February 15th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 23rd were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 22nd. Aaron's’s dividend payout ratio is currently 4.69%.
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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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