Aaron’s (NYSE:PRG) Releases FY 2026 Earnings Guidance

Aaron’s (NYSE:PRG) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.000-4.450 for the period, compared to the consensus earnings per share estimate of 3.550. The company issued revenue guidance of $3.0 billion-$3.1 billion, compared to the consensus revenue estimate of $2.7 billion. Aaron’s also updated its Q1 2026 guidance to 0.700-0.900 EPS.

Aaron’s Trading Up 4.7%

NYSE PRG opened at $35.46 on Wednesday. Aaron’s has a one year low of $23.50 and a one year high of $37.58. The firm has a 50 day simple moving average of $31.80 and a 200-day simple moving average of $31.73. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 9.09 and a beta of 1.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.65 and a current ratio of 4.74.

Aaron’s (NYSE:PRG) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.60 by $0.14. The business had revenue of $525.36 million during the quarter, compared to the consensus estimate of $581.82 million. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Aaron’s has set its Q1 2026 guidance at 0.700-0.900 EPS and its FY 2026 guidance at 4.000-4.450 EPS. Equities research analysts anticipate that Aaron’s will post 3.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PRG. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a report on Thursday, January 22nd. Wall Street Zen downgraded Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. B. Riley Financial assumed coverage on shares of Aaron’s in a report on Tuesday, December 16th. They set a “buy” rating and a $50.00 target price on the stock. TD Cowen cut their target price on Aaron’s from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective on the stock in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Aaron’s presently has an average rating of “Moderate Buy” and an average target price of $38.83.

Institutional Investors Weigh In On Aaron’s

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in Aaron’s by 23.4% in the first quarter. Royal Bank of Canada now owns 35,910 shares of the company’s stock worth $955,000 after purchasing an additional 6,807 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Aaron’s by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the company’s stock valued at $648,000 after buying an additional 1,162 shares during the period. Millennium Management LLC boosted its position in shares of Aaron’s by 62.7% in the 1st quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock worth $17,913,000 after purchasing an additional 259,630 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Aaron’s by 5.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the company’s stock valued at $8,342,000 after buying an additional 16,126 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in Aaron’s during the 1st quarter worth about $233,000. 97.92% of the stock is owned by institutional investors.

Aaron’s Company Profile

PROG Holdings, Inc (NYSE: PRG), formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.