Q4 2017 EPS Estimates for Aaron’s, Inc. Raised by Analyst (AAN)
Aaron’s, Inc. (NYSE:AAN) – Equities researchers at Northcoast Research lifted their Q4 2017 earnings per share (EPS) estimates for Aaron’s, in a note issued to investors on Monday. Northcoast Research analyst N. Mitchell now forecasts that the company will earn $0.59 per share for the quarter, up from their prior estimate of $0.54. Northcoast Research has a “Buy” rating and a $52.50 price target 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 earnings results on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 4.15% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS.
A number of other research firms also recently weighed in on AAN. 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. Jefferies Group LLC reissued a “buy” rating on shares of Aaron’s, in a research report on Sunday, July 30th. Stifel Nicolaus restated a “buy” rating and set a $55.00 price target on shares of Aaron’s, in a report on Friday, September 1st. Janney Montgomery Scott assumed coverage on Aaron’s, in a report on Wednesday, October 18th. They set a “neutral” rating and a $42.00 price target on the stock. Finally, BidaskClub cut Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. 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. The company presently has a consensus rating of “Hold” and an average target price of $44.94.
Shares of Aaron’s, (NYSE AAN) opened at 37.07 on Tuesday. Aaron’s, has a 12 month low of $24.64 and a 12 month high of $48.22. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 19.05 and a beta of 0.21. The firm has a 50-day moving average price of $41.88 and a 200-day moving average price of $39.89.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Aaron’s, by 4.3% in the 2nd quarter. BlackRock Inc. now owns 7,237,539 shares of the company’s stock valued at $281,540,000 after buying an additional 298,839 shares during the last quarter. Vanguard Group Inc. raised its position in Aaron’s, by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,320,969 shares of the company’s stock valued at $245,885,000 after buying an additional 22,626 shares during the last quarter. State Street Corp raised its position in Aaron’s, by 6.8% in the 2nd quarter. State Street Corp now owns 2,235,516 shares of the company’s stock valued at $86,967,000 after buying an additional 142,599 shares during the last quarter. Northern Trust Corp raised its position in Aaron’s, by 6.2% in the 2nd quarter. Northern Trust Corp now owns 1,574,361 shares of the company’s stock valued at $61,243,000 after buying an additional 91,801 shares during the last quarter. Finally, AJO LP raised its position in Aaron’s, by 267.0% in the 2nd quarter. AJO LP now owns 1,468,601 shares of the company’s stock valued at $57,129,000 after buying an additional 1,068,399 shares during the last quarter.
In related news, insider Robert P. Sinclair, Jr. sold 1,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the sale, the insider now directly owns 11,469 shares of the company’s stock, valued at approximately $516,105. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan K. Woodley sold 6,776 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $44.30, for a total value of $300,176.80. Following the completion of the sale, the chief executive officer now directly owns 145,849 shares of the company’s stock, valued at $6,461,110.70. The disclosure for this sale can be found here. Insiders sold a total of 41,776 shares of company stock valued at $1,819,557 over the last three months. 1.93% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were given a $0.027 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend 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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