Aaron’s (NYSE:AAN) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Aaron’s (NYSE:AAN) posted its earnings results on Monday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10), Briefing.com reports. Aaron’s had a positive return on equity of 0.02% and a negative net margin of 1.15%. The business had revenue of $503.10 million during the quarter, compared to analyst estimates of $513.91 million. During the same quarter in the prior year, the company earned $0.39 EPS. The company’s revenue was down 5.1% on a year-over-year basis.

Aaron’s Trading Up 0.7 %

Shares of AAN stock opened at $10.04 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a market cap of $316.48 million, a P/E ratio of -12.71 and a beta of 1.43. The company has a 50 day moving average of $9.41 and a 200-day moving average of $8.64. Aaron’s has a 12-month low of $6.62 and a 12-month high of $13.98.

Aaron’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, September 13th. Aaron’s’s dividend payout ratio is currently -63.29%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Loop Capital lifted their target price on Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. Jefferies Financial Group reiterated a “hold” rating and issued a $10.10 target price (down previously from $11.00) on shares of Aaron’s in a report on Wednesday, July 10th. TD Cowen boosted their price target on shares of Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a report on Monday, June 17th. StockNews.com began coverage on shares of Aaron’s in a research report on Tuesday. They issued a “hold” rating for the company. Finally, BTIG Research began coverage on shares of Aaron’s in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Aaron’s currently has a consensus rating of “Hold” and a consensus target price of $9.46.

Aaron’s Company Profile

Headquartered in Atlanta, The Aaron’s Company, Inc (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-purchase solutions. Aaron’s engages in direct-to-consumer sales and lease 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.