Aaron’s (AAN) to Release Earnings on Monday

Aaron’s (NYSE:AAN) is scheduled to release its earnings data after the market closes on Monday, May 6th. Analysts expect Aaron’s to post earnings of ($0.08) per share for the quarter. Aaron’s has set its FY 2024 guidance at -0.100-0.250 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Aaron’s (NYSE:AAN) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.29). Aaron’s had a net margin of 0.13% and a return on equity of 3.59%. The company had revenue of $529.50 million during the quarter, compared to the consensus estimate of $542.07 million. During the same period last year, the firm posted $0.09 earnings per share. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, analysts expect Aaron’s to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aaron’s Trading Down 3.4 %

AAN opened at $7.07 on Monday. Aaron’s has a 1-year low of $6.72 and a 1-year high of $16.16. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28. The company has a market cap of $222.60 million, a P/E ratio of 88.38 and a beta of 1.31. The company has a fifty day moving average price of $7.67 and a two-hundred day moving average price of $9.02.

Aaron’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Thursday, March 14th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 7.07%. The ex-dividend date was Wednesday, March 13th. Aaron’s’s dividend payout ratio (DPR) is currently 625.00%.

Analysts Set New Price Targets

AAN has been the subject of several research analyst reports. Truist Financial decreased their price target on shares of Aaron’s from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Wednesday, February 28th. TD Cowen started coverage on shares of Aaron’s in a research report on Friday, March 8th. They set a “market perform” rating and a $7.00 target price for the company. Stephens raised shares of Aaron’s from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 2nd. StockNews.com raised shares of Aaron’s from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $7.00 target price on shares of Aaron’s in a research report on Monday, March 11th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Aaron’s presently has an average rating of “Hold” and an average target price of $11.67.

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.