Q1 2020 Earnings Estimate for Aaron’s, Inc. (NYSE:AAN) Issued By SunTrust Banks

Aaron’s, Inc. (NYSE:AAN) – Equities research analysts at SunTrust Banks decreased their Q1 2020 earnings per share (EPS) estimates for Aaron’s in a note issued to investors on Monday, November 4th. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings per share of $1.11 for the quarter, down from their previous forecast of $1.13.

Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.09). Aaron’s had a net margin of 5.20% and a return on equity of 14.34%. The company had revenue of $963.80 million for the quarter, compared to analyst estimates of $975.20 million. During the same period last year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis.

Several other research analysts have also recently commented on AAN. Raymond James increased their price target on Aaron’s from $72.00 to $80.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 16th. KeyCorp set a $88.00 price target on Aaron’s and gave the company a “buy” rating in a research report on Friday, October 11th. ValuEngine cut Aaron’s from a “hold” rating to a “sell” rating in a research report on Wednesday. Bank of America initiated coverage on Aaron’s in a research report on Thursday, September 26th. They set a “buy” rating and a $75.00 price target for the company. Finally, Loop Capital increased their price target on Aaron’s to $90.00 and gave the company a “buy” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $76.13.

Shares of NYSE AAN opened at $62.32 on Wednesday. The stock has a 50 day moving average price of $67.77 and a 200 day moving average price of $62.12. Aaron’s has a 52 week low of $39.28 and a 52 week high of $78.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.62 and a current ratio of 2.79. The stock has a market capitalization of $5.00 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.13 and a beta of 0.50.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in shares of Aaron’s by 1,664.1% in the second quarter. Jane Street Group LLC now owns 180,710 shares of the company’s stock valued at $11,097,000 after buying an additional 170,466 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Aaron’s by 1.8% in the second quarter. Arizona State Retirement System now owns 49,118 shares of the company’s stock valued at $3,016,000 after buying an additional 862 shares during the last quarter. Dividend Assets Capital LLC lifted its position in shares of Aaron’s by 1.1% in the second quarter. Dividend Assets Capital LLC now owns 72,654 shares of the company’s stock valued at $4,462,000 after buying an additional 823 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Aaron’s by 90.1% in the second quarter. Nuveen Asset Management LLC now owns 1,547,777 shares of the company’s stock valued at $95,049,000 after buying an additional 733,735 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of Aaron’s by 140.1% in the third quarter. Meeder Asset Management Inc. now owns 10,085 shares of the company’s stock valued at $648,000 after buying an additional 5,884 shares during the last quarter. 96.68% of the stock is owned by hedge funds and other institutional investors.

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

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