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

Aaron’s (NYSE:AAN) issued its quarterly earnings data 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 negative net margin of 1.15% and a positive return on equity of 0.02%. The company had revenue of $503.10 million for the quarter, compared to the consensus estimate of $513.91 million. During the same quarter last year, the company earned $0.39 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis.

Aaron’s Stock Up 0.7 %

Shares of AAN opened at $10.04 on Wednesday. The stock has a market capitalization of $316.48 million, a price-to-earnings ratio of -12.71 and a beta of 1.43. The business’s 50 day simple moving average is $9.41 and its 200-day simple moving average is $8.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.72. Aaron’s has a 1 year low of $6.62 and a 1 year high of $13.98.

Aaron’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 4.98%. Aaron’s’s dividend payout ratio (DPR) is -63.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AAN. BTIG Research began coverage on Aaron’s in a report on Friday, June 7th. They set a “neutral” rating on the stock. TD Cowen increased their target price on Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a report on Monday, June 17th. StockNews.com assumed coverage on Aaron’s in a research note on Tuesday. They set a “hold” rating for the company. Truist Financial upped their price objective on Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $10.10 target price (down from $11.00) on shares of Aaron’s in a report on Wednesday, July 10th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.46.

About Aaron’s

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.