Jefferies Group Comments on Aaron’s Inc.’s Q3 2016 Earnings (AAN)

Aaron’s Inc. (NYSE:AAN) – Analysts at Jefferies Group issued their Q3 2016 earnings per share (EPS) estimates for shares of Aaron’s in a research note issued to investors on Thursday. Jefferies Group analyst K. Joseph anticipates that the firm will post earnings of $0.47 per share for the quarter. Jefferies Group has a “Buy” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for Aaron’s’ Q4 2016 earnings at $0.48 EPS, FY2016 earnings at $2.24 EPS, Q1 2017 earnings at $0.77 EPS, Q2 2017 earnings at $0.67 EPS, Q3 2017 earnings at $0.52 EPS, Q4 2017 earnings at $0.53 EPS, FY2017 earnings at $2.49 EPS, Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.58 EPS and FY2018 earnings at $2.74 EPS.

A number of other research firms have also weighed in on AAN. Zacks Investment Research lowered shares of Aaron’s from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. TheStreet upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.93.

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

Aaron’s (NYSE:AAN) opened at 23.42 on Monday. Aaron’s has a 12-month low of $20.24 and a 12-month high of $38.85. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 12.79 and a beta of 0.23. The stock’s 50 day moving average is $24.64 and its 200 day moving average is $24.47.

Aaron’s (NYSE:AAN) last posted its earnings results on Friday, July 29th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm earned $789.40 million during the quarter, compared to analyst estimates of $809.16 million. Aaron’s had a net margin of 4.15% and a return on equity of 11.01%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS.

The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.43%. Aaron’s’s dividend payout ratio (DPR) is 5.43%.

In other news, Director Robert H. Yanker purchased 40,000 shares of the stock in a transaction dated Friday, August 19th. The stock was acquired at an average cost of $25.29 per share, for a total transaction of $1,011,600.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.12% of the stock is owned by insiders.

Several large investors have recently modified their holdings of AAN. Springbok Capital Management LLC purchased a new stake in shares of Aaron’s during the first quarter worth $916,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Aaron’s during the first quarter worth $1,266,000. AMP Capital Investors Ltd purchased a new stake in shares of Aaron’s during the first quarter worth $253,000. Bogle Investment Management L P DE purchased a new stake in shares of Aaron’s during the first quarter worth $1,413,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Aaron’s by 132.6% in the first quarter. Meeder Asset Management Inc. now owns 44,538 shares of the company’s stock worth $1,117,000 after buying an additional 25,392 shares during the period. Institutional investors and hedge funds own 92.00% of the company’s stock.

Aaron’s Company Profile

Aaron’s, Inc is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.

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