Brokers expect The Aaron’s Company, Inc. (NYSE:AAN) to report quarterly sales of $472.69 million
Wall Street brokerages expect The Aaron’s Company, Inc. (NYSE:AAN – Get a rating) to report sales of $472.69 million for the current quarter, according to Zacks. Four analysts have made estimates of Aaron’s earnings, with estimates ranging from $456.36 million to $496.20 million. Aaron’s posted sales of $481.05 million in the same quarter last year, which would indicate a negative growth rate of 1.7% year over year. The company is expected to release its next quarterly earnings report before the market opens on Monday, January 1.
According to Zacks, analysts expect Aaron to report revenue of $1.80 billion for the current year, with estimates ranging from $1.79 billion to $1.81 billion. For next year, analysts expect the company to register sales of $1.82 billion, with estimates ranging from $1.78 billion to $1.85 billion. Zacks Investment Research’s sales calculations are an average average based on a survey of research firms that provide coverage for Aaron.
Aaron’s (NYSE:AAN – Get a rating) last released its quarterly earnings data on Wednesday, February 23. The company reported EPS of $0.60 for the quarter, beating analyst consensus estimates of $0.37 by $0.23. Aaron’s had a net margin of 5.96% and a return on equity of 17.38%. The company posted revenue of $444.80 million for the quarter, versus analyst estimates of $425.85 million. During the same period last year, the company posted earnings per share of $0.79.
Separately, StockNews.com began covering Aaron’s actions in a research note on Thursday, March 31. They issued a “buy” rating on the stock.
A number of hedge funds have recently changed their holdings in the company. Oppenheimer Asset Management Inc. increased its position in Aaron’s shares by 6.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,459 shares of the company valued at $233,000 after acquiring an additional 511 shares during the period. Personal CFO Solutions LLC increased its position in Aaron’s shares by 6.2% in the third quarter. Personal CFO Solutions LLC now owns 9,771 shares of the company valued at $269,000 after acquiring an additional 572 shares during the period. First Republic Investment Management Inc. increased its position in Aaron’s stock by 3.8% in the fourth quarter. First Republic Investment Management Inc. now owns 16,796 shares of the company valued at $414,000 after acquiring 618 additional shares during the period. Nordea Investment Management AB increased its position in Aaron’s shares by 3.2% in the fourth quarter. Nordea Investment Management AB now owns 20,379 shares of the company valued at $497,000 after acquiring an additional 638 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Aaron’s shares by 2.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,876 shares of the company valued at $687,000 after acquiring an additional 778 shares during the period. Hedge funds and other institutional investors own 94.49% of the company’s shares.
Shares of NYSE:AAN opened at $20.48 on Friday. Aaron’s has a 12-month low of $18.26 and a 12-month high of $37.49. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt ratio of 0.01. The company’s fifty-day simple moving average is $21.44 and its 200-day simple moving average is $23.33. The company has a market capitalization of $634.43 million, a price-earnings ratio of 6.36 and a beta of 0.94.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 5. Shareholders of record on Thursday, March 17 received a dividend of $0.112. This is a positive change from Aaron’s previous quarterly dividend of $0.10. This represents an annualized dividend of $0.45 and a yield of 2.19%. The ex-dividend date was Wednesday, March 16. Aaron’s payout ratio is currently 13.98%.
Aaron’s Company Profile (Get a rating)
Atlanta-based The Aaron’s Company, Inc (NYSE: AAN) is a leading omnichannel provider of technology-enabled, rent-to-own solutions. Aaron’s engages in direct-to-consumer sales and rental-ownership of furniture, appliances, consumer electronics and accessories through its approximately 1,300 company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform, Aarons.com.
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