Aaron’s (AAN) Receiving Somewhat Positive Press Coverage, Report Shows
Media headlines about Aaron’s (NYSE:AAN) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. 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 news sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.7232235004304 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the headlines that may have effected Accern’s rankings:
- Hillcrest Asset Management Has Decreased Aaron’s (AAN) Position as Valuation Rose; As Microsoft (MSFT) Market … – Hill Country Times (hillcountrytimes.com)
- Aaron’s, Progressive Leasing and Warrick Dunn Charities Present Fully Furnished Home to Deserving Single Parent … – Markets Insider (markets.businessinsider.com)
- Brokerages Anticipate Aaron’s, Inc. (AAN) Will Announce Earnings of $0.55 Per Share (americanbankingnews.com)
- ETFs with exposure to Aaron’s, Inc. : December 20, 2017 (finance.yahoo.com)
- Aaron’s, Inc. (AAN) Reaches $40.73 After 3.00% Up Move; Franklin Resources Has Raised United Ins Hldgs (UIHC … – Hill Country Times (hillcountrytimes.com)
A number of equities analysts have commented on the stock. Northcoast Research set a $53.00 target price on shares of Aaron’s and gave the stock a “buy” rating in a research note on Friday, December 1st. Sidoti upgraded shares of Aaron’s from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, November 29th. Raymond James Financial upgraded shares of Aaron’s from a “market perform” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research note on Friday, November 10th. Loop Capital upgraded shares of Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Wednesday, November 8th. Finally, Janney Montgomery Scott assumed coverage on shares of Aaron’s in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $42.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $43.30.
Aaron’s (NYSE AAN) traded down $0.29 during midday trading on Monday, hitting $40.26. 806,200 shares of the stock were exchanged, compared to its average volume of 850,730. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24. Aaron’s has a 1 year low of $26.12 and a 1 year high of $48.22. The company has a market capitalization of $2,850.00, a P/E ratio of 21.30 and a beta of 0.23.
Aaron’s (NYSE:AAN) last released its quarterly earnings data on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.11). Aaron’s had a net margin of 4.15% and a return on equity of 11.41%. The business had revenue of $838.80 million for the quarter, compared to the consensus estimate of $827.20 million. During the same quarter in the prior year, the business posted $0.50 earnings per share. Aaron’s’s revenue for the quarter was up 9.1% on a year-over-year basis. equities research analysts expect that Aaron’s will post 2.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 13th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This is an increase from Aaron’s’s previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.30%. Aaron’s’s dividend payout ratio (DPR) is currently 6.35%.
In related news, CEO John W. Robinson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $36.24, for a total transaction of $543,600.00. Following the completion of the sale, the chief executive officer now owns 337,340 shares of the company’s stock, valued at $12,225,201.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven A. Michaels sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total transaction of $148,600.00. Following the sale, the chief financial officer now directly owns 56,769 shares of the company’s stock, valued at approximately $2,108,968.35. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 659,000 shares of company stock worth $28,360 and have sold 19,003 shares worth $692,308. 1.93% of the stock is currently owned by company insiders.
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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