$997.14 Million in Sales Expected for Aaron’s, Inc. (AAN) This Quarter
Equities analysts forecast that Aaron’s, Inc. (NYSE:AAN) will post $997.14 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Aaron’s’ earnings, with the highest sales estimate coming in at $1.01 billion and the lowest estimate coming in at $971.78 million. Aaron’s reported sales of $954.81 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The business is expected to issue its next quarterly earnings results on Thursday, April 25th.
On average, analysts expect that Aaron’s will report full year sales of $3.97 billion for the current fiscal year, with estimates ranging from $3.92 billion to $4.00 billion. For the next year, analysts anticipate that the business will report sales of $4.37 billion, with estimates ranging from $4.31 billion to $4.41 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Aaron’s.
Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Thursday, February 14th. The company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). Aaron’s had a net margin of 5.12% and a return on equity of 13.51%. The firm had revenue of $993.20 million for the quarter, compared to analysts’ expectations of $966.29 million. During the same period in the prior year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis.
Shares of NYSE AAN traded up $0.66 during trading on Thursday, reaching $51.88. 427,800 shares of the stock traded hands, compared to its average volume of 561,683. Aaron’s has a 52-week low of $38.77 and a 52-week high of $56.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.55 and a quick ratio of 0.49. The stock has a market capitalization of $3.42 billion, a PE ratio of 15.44, a P/E/G ratio of 0.92 and a beta of 0.47.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.035 per share. The ex-dividend date is Monday, March 18th. This represents a $0.14 dividend on an annualized basis and a yield of 0.27%. Aaron’s’s dividend payout ratio (DPR) is 4.17%.
In other Aaron’s news, insider Robert P. Sinclair, Jr. sold 27,953 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $50.67, for a total value of $1,416,378.51. Following the transaction, the insider now directly owns 15,335 shares in the company, valued at approximately $777,024.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert W. Kamerschen sold 6,852 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $50.70, for a total value of $347,396.40. Following the completion of the transaction, the executive vice president now owns 34,102 shares in the company, valued at $1,728,971.40. The disclosure for this sale can be found here. Insiders have sold a total of 124,853 shares of company stock worth $6,344,388 in the last three months. 2.28% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC increased its stake in Aaron’s by 531.9% in the 4th quarter. Global Retirement Partners LLC now owns 594 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Aaron’s during the 4th quarter valued at about $102,000. Pearl River Capital LLC bought a new position in shares of Aaron’s during the 4th quarter valued at about $104,000. Paloma Partners Management Co bought a new position in shares of Aaron’s during the 3rd quarter valued at about $218,000. Finally, Advisor Group Inc. increased its position in shares of Aaron’s by 301.1% during the 4th quarter. Advisor Group Inc. now owns 4,717 shares of the company’s stock valued at $198,000 after purchasing an additional 3,541 shares during the last quarter.
Aaron’s Company Profile
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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