Aaron’s (NYSE:AAN – Get Free Report) posted its earnings results on Monday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10), Briefing.com reports. Aaron’s had a positive return on equity of 0.02% and a negative net margin of 1.15%. The business had revenue of $503.10 million during the quarter, compared to analyst estimates of $513.91 million. During the same quarter in the prior year, the company earned $0.39 EPS. The company’s revenue was down 5.1% on a year-over-year basis.
Aaron’s Trading Up 0.7 %
Shares of AAN stock opened at $10.04 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a market cap of $316.48 million, a P/E ratio of -12.71 and a beta of 1.43. The company has a 50 day moving average of $9.41 and a 200-day moving average of $8.64. Aaron’s has a 12-month low of $6.62 and a 12-month high of $13.98.
Aaron’s Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, September 13th. Aaron’s’s dividend payout ratio is currently -63.29%.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Aaron’s
Aaron’s Company Profile
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.
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