Aaron’s (NYSE:AAN) released its earnings results on Monday. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09), Briefing.com reports. Aaron’s had a return on equity of 14.33% and a net margin of 5.09%. The firm had revenue of $963.80 million for the quarter, compared to analyst estimates of $975.20 million. During the same period last year, the business earned $0.69 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Aaron’s updated its FY19 guidance to $3.75-3.85 EPS.
AAN stock opened at $62.32 on Thursday. Aaron’s has a twelve month low of $39.28 and a twelve month high of $78.65. The company has a market cap of $4.99 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.13 and a beta of 0.50. The business’s 50-day simple moving average is $67.77 and its 200 day simple moving average is $62.12. The company has a quick ratio of 0.62, a current ratio of 2.79 and a debt-to-equity ratio of 0.19.
A number of equities research analysts recently weighed in on the company. Raymond James lifted their target price on Aaron’s from $72.00 to $80.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 16th. Zacks Investment Research raised Aaron’s from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, October 14th. Bank of America assumed coverage on Aaron’s in a research report on Thursday, September 26th. They set a “buy” rating and a $75.00 target price on the stock. ValuEngine downgraded Aaron’s from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Loop Capital lifted their target price on Aaron’s to $90.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Aaron’s has a consensus rating of “Buy” and a consensus target price of $76.13.
Aaron’s Company Profile
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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