Aaron’s, Inc. (AAN) Issues FY17 Earnings Guidance
Aaron’s, Inc. (NYSE:AAN) updated its FY17 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $2.15-2.40 for the period, compared to the Thomson Reuters consensus estimate of $2.46. The company issued revenue guidance of $3.1-3.31 billion, compared to the consensus revenue estimate of $3.26 billion.
Several research firms recently commented on AAN. Loop Capital began coverage on shares of Aaron’s, in a report on Tuesday, December 13th. They set a hold rating and a $30.00 price target for the company. Sidoti cut shares of Aaron’s, from a buy rating to a neutral rating in a report on Friday, December 9th. Stephens began coverage on shares of Aaron’s, in a report on Thursday, January 12th. They set an overweight rating and a $41.00 price target for the company. Jefferies Group LLC restated a buy rating and set a $37.00 price target on shares of Aaron’s, in a report on Wednesday, January 11th. Finally, Raymond James Financial, Inc. cut shares of Aaron’s, from a strong-buy rating to a market perform rating in a report on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Aaron’s, has a consensus rating of Buy and an average target price of $34.00.
Shares of Aaron’s, Inc. (NYSE:AAN) traded down 10.50% during trading on Friday, reaching $26.42. 2,823,000 shares of the company traded hands. The stock has a market cap of $1.89 billion, a P/E ratio of 13.83 and a beta of 0.27. The stock’s 50 day moving average price is $30.90 and its 200-day moving average price is $27.59. Aaron’s, Inc. has a 12 month low of $20.51 and a 12 month high of $34.22.
Aaron’s, (NYSE:AAN) last announced its quarterly earnings results on Friday, February 17th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company earned $794.95 million during the quarter, compared to analysts’ expectations of $815.40 million. Aaron’s, had a return on equity of 11.36% and a net margin of 4.31%. Aaron’s, ‘s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. On average, equities research analysts expect that Aaron’s, Inc. will post $2.26 EPS for the current fiscal year.
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Aaron’s, Company Profile
Aaron’s, Inc is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.
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