Aaron’s (AAN) Scheduled to Post Earnings on Monday

Aaron’s (NYSE:AAN) will be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Aaron’s has set its FY 2024 guidance at -0.100-0.250 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Aaron’s (NYSE:AAN) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.26) earnings per share (EPS) 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 firm had revenue of $529.50 million during the quarter, compared to analyst estimates of $542.07 million. During the same period last year, the firm earned $0.09 EPS. Aaron’s’s quarterly revenue 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 Stock Performance

Shares of Aaron’s stock opened at $6.95 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.73. The firm has a market cap of $218.66 million, a price-to-earnings ratio of 86.81 and a beta of 1.31. Aaron’s has a one year low of $6.69 and a one year high of $16.16. The stock’s 50-day moving average is $7.32 and its 200-day moving average is $8.94.

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. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 7.20%. Aaron’s’s dividend payout ratio is 625.00%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Cowen assumed coverage on Aaron’s in a research note on Friday, March 8th. They issued a “market perform” rating and a $7.00 price objective on the stock. StockNews.com raised shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price target on shares of Aaron’s in a research note on Monday, March 11th. Finally, Truist Financial dropped their price objective on Aaron’s from $12.00 to $9.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.67.

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.