Zacks: Analysts Anticipate Aaron’s, Inc. (AAN) Will Post Quarterly Sales of $991.76 Million
Analysts expect Aaron’s, Inc. (NYSE:AAN) to report $991.76 million in sales for the current fiscal quarter, according to Zacks Investment Research. 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 reported sales of $884.63 million during the same quarter last year, which indicates a positive year over year growth rate of 12.1%. The firm is scheduled to announce its next 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 firm will report sales of $4.23 billion, with estimates ranging from $4.12 billion to $4.41 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Aaron’s.
Aaron’s (NYSE:AAN) last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The business had revenue of $953.07 million during the quarter, compared to the consensus estimate of $948.48 million. Aaron’s had a return on equity of 12.22% and a net margin of 8.39%.
NYSE:AAN traded down $1.05 during trading hours on Friday, reaching $49.58. The company’s stock had a trading volume of 499,839 shares, compared to its average volume of 715,179. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 19.37 and a beta of 0.25. Aaron’s has a 12 month low of $35.16 and a 12 month high of $56.00. The company has a quick ratio of 0.55, a current ratio of 2.43 and a debt-to-equity ratio of 0.17.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Thursday, December 20th will be given a dividend of $0.035 per share. The ex-dividend date is Wednesday, December 19th. This is an increase from Aaron’s’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.28%. Aaron’s’s dividend payout ratio is presently 4.69%.
In other news, Director Ray M. Robinson sold 3,000 shares of the company’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $49.19, for a total transaction of $147,570.00. Following the transaction, the director now directly owns 26,936 shares of the company’s stock, valued at $1,324,981.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan K. Woodley sold 12,500 shares of the company’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $45.20, for a total value of $565,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,904 shares of company stock worth $2,733,578. Insiders own 2.28% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Portolan Capital Management LLC increased its position in shares of Aaron’s by 48.4% during the second quarter. Portolan Capital Management LLC now owns 780,451 shares of the company’s stock worth $33,911,000 after purchasing an additional 254,589 shares in the last quarter. WBI Investments Inc. acquired a new position in shares of Aaron’s during the second quarter worth $4,562,000. Wells Fargo & Company MN increased its position in shares of Aaron’s by 117.4% during the second quarter. Wells Fargo & Company MN now owns 850,585 shares of the company’s stock worth $36,959,000 after purchasing an additional 459,401 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Aaron’s by 10.9% during the second quarter. Stephens Investment Management Group LLC now owns 1,333,166 shares of the company’s stock worth $58,393,000 after purchasing an additional 131,115 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Aaron’s during the second quarter worth $293,000.
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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