The Aaron's Company, Inc. (NYSE:AAN) Expected to Post Q3 2024 Earnings of $0.13 Per Share

The Aaron's Company, Inc. (NYSE:AAN - Free Report) - Investment analysts at Zacks Research increased their Q3 2024 earnings estimates for shares of Aaron's in a research report issued to clients and investors on Monday, May 27th. Zacks Research analyst R. Department now expects that the company will post earnings of $0.13 per share for the quarter, up from their previous estimate of $0.09. The consensus estimate for Aaron's' current full-year earnings is $0.11 per share. Zacks Research also issued estimates for Aaron's' Q4 2024 earnings at $0.08 EPS, Q1 2025 earnings at $0.16 EPS and FY2026 earnings at $0.52 EPS.

Several other analysts have also recently weighed in on the stock. Stifel Nicolaus reaffirmed a "hold" rating and issued a $7.00 target price on shares of Aaron's in a report on Monday, March 11th. StockNews.com raised shares of Aaron's from a "hold" rating to a "buy" rating in a report on Thursday. TD Cowen initiated coverage on Aaron's in a research report on Friday, March 8th. They issued a "market perform" rating and a $7.00 target price for the company. Finally, Truist Financial decreased their price target on shares of Aaron's from $9.00 to $8.00 and set a "hold" rating for the company in a research note on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $11.50.

Aaron's Stock Up 6.6 %

AAN stock traded up $0.47 during midday trading on Thursday, hitting $7.71. The company's stock had a trading volume of 333,555 shares, compared to its average volume of 251,026. The firm has a 50-day simple moving average of $7.30 and a 200-day simple moving average of $8.88. The firm has a market capitalization of $236.00 million, a P/E ratio of -9.75 and a beta of 1.31. The company has a quick ratio of 0.72, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Aaron's has a 52-week low of $6.62 and a 52-week high of $16.16.

Aaron's (NYSE:AAN - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). Aaron's had a negative net margin of 1.15% and a positive return on equity of 0.02%. The company had revenue of $511.50 million for the quarter, compared to analyst estimates of $521.05 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. Aaron's's revenue was down 7.7% on a year-over-year basis.

Institutional Trading of Aaron's

Several large investors have recently bought and sold shares of AAN. Charles Schwab Investment Management Inc. raised its position in shares of Aaron's by 10.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,005,375 shares of the company's stock worth $10,938,000 after purchasing an additional 93,207 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Aaron's by 4.3% during the fourth quarter. LSV Asset Management now owns 1,000,532 shares of the company's stock worth $10,886,000 after purchasing an additional 41,600 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Aaron's by 25.5% in the 1st quarter. Acadian Asset Management LLC now owns 807,933 shares of the company's stock valued at $6,056,000 after buying an additional 164,392 shares during the period. American Century Companies Inc. raised its stake in Aaron's by 18.4% during the third quarter. American Century Companies Inc. now owns 494,868 shares of the company's stock worth $5,181,000 after purchasing an additional 76,905 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Aaron's by 15.8% during the fourth quarter. New York State Common Retirement Fund now owns 407,498 shares of the company's stock worth $4,434,000 after purchasing an additional 55,740 shares during the period. Institutional investors and hedge funds own 91.99% of the company's stock.

Aaron's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend is Friday, June 14th. Aaron's's dividend payout ratio (DPR) is currently -63.29%.

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.