Wall Street analysts expect Aaron’s, Inc. (NYSE:AAN) to post $991.73 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Aaron’s’ earnings. The highest sales estimate is $1.02 billion and the lowest is $973.40 million. Aaron’s reported sales of $884.63 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.1%. The company is expected to issue its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that Aaron’s will report full year sales of $3.83 billion for the current financial year, with estimates ranging from $3.81 billion to $3.85 billion. For the next financial year, analysts anticipate that the firm will post sales of $4.23 billion, with estimates ranging from $4.12 billion to $4.41 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Aaron’s.

Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Thursday, October 25th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.06). Aaron’s had a net margin of 8.39% and a return on equity of 12.22%. The company had revenue of $953.07 million during the quarter, compared to analyst estimates of $948.48 million.

Several equities research analysts recently commented on AAN shares. Zacks Investment Research lowered Aaron’s from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. ValuEngine lowered Aaron’s from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st. Northcoast Research lowered Aaron’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 9th. KeyCorp upped their target price on Aaron’s from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, September 20th. Finally, Loop Capital upped their target price on Aaron’s to $59.00 and gave the company a “buy” rating in a research report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Aaron’s presently has a consensus rating of “Hold” and an average price target of $58.00.

In other Aaron’s news, CEO Ryan K. Woodley sold 12,500 shares of the stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $45.20, for a total value of $565,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Curtis Linn Doman sold 5,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the insider now owns 62,523 shares in the company, valued at approximately $3,126,150. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP bought a new position in shares of Aaron’s in the third quarter valued at approximately $202,000. Paloma Partners Management Co bought a new position in shares of Aaron’s in the third quarter valued at approximately $218,000. Parametrica Management Ltd bought a new position in shares of Aaron’s in the third quarter valued at approximately $267,000. Tower Research Capital LLC TRC lifted its holdings in shares of Aaron’s by 307.0% in the third quarter. Tower Research Capital LLC TRC now owns 6,264 shares of the company’s stock valued at $341,000 after purchasing an additional 4,725 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Aaron’s by 33.9% in the third quarter. Riverhead Capital Management LLC now owns 7,105 shares of the company’s stock valued at $387,000 after purchasing an additional 1,800 shares in the last quarter.

Shares of Aaron’s stock traded down $0.09 on Friday, hitting $46.40. 3,475 shares of the company’s stock traded hands, compared to its average volume of 486,975. Aaron’s has a one year low of $36.20 and a one year high of $56.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.43 and a quick ratio of 0.55. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 0.77 and a beta of 0.40.

The company also recently declared a quarterly dividend, which was paid on Monday, January 7th. Shareholders of record on Thursday, December 20th were issued a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, December 19th. This represents a $0.14 annualized dividend and a yield of 0.30%. This is a positive change from Aaron’s’s previous quarterly dividend of $0.03. Aaron’s’s dividend payout ratio is presently 5.47%.

About Aaron’s

Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.

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