The Aaron’s Company, Inc. Expected to Post Q3 2024 Earnings of $0.13 Per Share (NYSE:AAN)

The Aaron’s Company, Inc. (NYSE:AANFree Report) – Analysts at Zacks Research raised their Q3 2024 earnings estimates for Aaron’s in a note issued to investors on Monday, May 27th. Zacks Research analyst R. Department now forecasts that the company will earn $0.13 per share for the quarter, up from their prior forecast of $0.09. The consensus estimate for Aaron’s’ current full-year earnings is $0.11 per share. Zacks Research also issued estimates for Aaron’s’ Q4 2024 earnings at $0.08 EPS, Q1 2025 earnings at $0.16 EPS and FY2026 earnings at $0.52 EPS.

Aaron’s (NYSE:AANGet Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $511.50 million for the quarter, compared to the consensus estimate of $521.05 million. Aaron’s had a negative net margin of 1.15% and a positive return on equity of 0.02%. Aaron’s’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share.

AAN has been the subject of a number of other reports. Stifel Nicolaus restated a “hold” rating and set a $7.00 price objective on shares of Aaron’s in a research note on Monday, March 11th. Truist Financial cut their price objective on shares of Aaron’s from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. StockNews.com raised shares of Aaron’s from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, TD Cowen started coverage on shares of Aaron’s in a report on Friday, March 8th. They issued a “market perform” rating and a $7.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Read Our Latest Stock Report on Aaron’s

Aaron’s Stock Up 6.6 %

Shares of NYSE AAN opened at $7.71 on Thursday. Aaron’s has a 12-month low of $6.62 and a 12-month high of $16.16. The stock’s fifty day simple moving average is $7.30 and its two-hundred day simple moving average is $8.88. The stock has a market capitalization of $236.00 million, a PE ratio of -9.75 and a beta of 1.31. The company has a current ratio of 1.03, a quick ratio of 0.72 and a debt-to-equity ratio of 0.32.

Aaron’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, June 14th. This represents a $0.50 dividend on an annualized basis and a yield of 6.49%. Aaron’s’s payout ratio is -63.29%.

Institutional Investors Weigh In On Aaron’s

Several institutional investors and hedge funds have recently made changes to their positions in AAN. Teacher Retirement System of Texas raised its stake in Aaron’s by 94.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 27,730 shares of the company’s stock worth $290,000 after acquiring an additional 13,446 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Aaron’s by 231.2% during the third quarter. Signaturefd LLC now owns 2,865 shares of the company’s stock worth $30,000 after purchasing an additional 2,000 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of Aaron’s during the third quarter worth about $130,000. Jump Financial LLC boosted its position in Aaron’s by 177.8% in the third quarter. Jump Financial LLC now owns 91,002 shares of the company’s stock valued at $953,000 after buying an additional 58,247 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Aaron’s during the 3rd quarter worth approximately $290,000. 91.99% of the stock is currently owned by institutional investors and hedge funds.

Aaron’s Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Aaron's (NYSE:AAN)

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