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. As of February 15, 2018, it operated approximately 1,726 company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform, Aarons.com. Aaron's, Inc. was founded in 1955 and is headquartered in Atlanta, Georgia.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Equipment rental & leasing, not elsewhere classified
Sub-IndustryHomefurnishing Retail
SectorRetail/Wholesale
Current SymbolNYSE:AAN
Previous SymbolNYSE:RNT
CUSIP00253530
Phone678-402-3000
Debt
Debt-to-Equity Ratio0.17
Current Ratio2.43
Quick Ratio0.55
Price-To-Earnings
Trailing P/E Ratio19.13
Forward P/E Ratio14.49
P/E GrowthN/A
Sales & Book Value
Annual Sales$3.38 billion
Price / Sales0.99
Cash Flow$24.49 per share
Price / Cash2.00
Book Value$25.71 per share
Price / Book1.91
Profitability
EPS (Most Recent Fiscal Year)$2.56
Net Income$292.53 million
Net Margins8.39%
Return on Equity12.22%
Return on Assets7.96%
Miscellaneous
Employees11,900
Outstanding Shares68,590,000
Market Cap$3.36 billion
OptionableOptionable
Aaron's (NYSE:AAN) Frequently Asked Questions
What is Aaron's' stock symbol?
Aaron's trades on the New York Stock Exchange (NYSE) under the ticker symbol "AAN."
How often does Aaron's pay dividends? What is the dividend yield for Aaron's?
Aaron's announced a quarterly dividend on Thursday, November 8th. Stockholders of record on Thursday, December 20th will be given a dividend of $0.035 per share on Monday, January 7th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, December 19th. This is an increase from Aaron's's previous quarterly dividend of $0.03. View Aaron's' Dividend History.
How will Aaron's' stock buyback program work?
Aaron's announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 15th 2018, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.
How were Aaron's' earnings last quarter?
Aaron's, Inc. (NYSE:AAN) posted 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. The company had revenue of $953.07 million for the quarter, compared to analyst estimates of $948.48 million. Aaron's had a net margin of 8.39% and a return on equity of 12.22%. View Aaron's' Earnings History.
When is Aaron's' next earnings date?
What guidance has Aaron's issued on next quarter's earnings?
Aaron's issued an update on its FY 2018 earnings guidance on Thursday, October, 25th. The company provided earnings per share guidance of $3.30-3.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.41. The company issued revenue guidance of $3.795-3.855 billion, compared to the consensus revenue estimate of $3.83 billion.
What price target have analysts set for AAN?
10 brokers have issued 12 month price targets for Aaron's' shares. Their forecasts range from $45.00 to $65.00. On average, they expect Aaron's' stock price to reach $55.6667 in the next year. This suggests a possible upside of 13.0% from the stock's current price. View Analyst Price Targets for Aaron's.
What is the consensus analysts' recommendation for Aaron's?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aaron's in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Aaron's.
Has Aaron's been receiving favorable news coverage?
News articles about AAN stock have been trending neutral this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Aaron's earned a news sentiment score of 0.4 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an effect on the stock's share price in the next several days.
Who are some of Aaron's' key competitors?
Some companies that are related to Aaron's include United Rentals (URI), AerCap (AER), Air Lease (AL), Triton International (TRTN), Aircastle (AYR), McGrath RentCorp (MGRC), Exterran (EXTN), Rent-A-Center (RCII), Textainer Group (TGH), CAI International (CAI), General Finance (GFN), Black Diamond Group (BDIMF), MITCHAM INDUSTR/SH (MIND), Quest Resource (QRHC) and FlexShopper (FPAY).
Who are Aaron's' key executives?
Aaron's' management team includes the folowing people:
- Mr. John W. Robinson III, Pres, CEO & Director (Age 46)
- Mr. Steven A. Michaels, CFO & Pres of Strategic Operations (Age 46)
- Mr. Douglas A. Lindsay, Pres of Sales & Lease Ownership (Age 47)
- Mr. Curtis Linn Doman, CTO of Progressive Leasing & Director (Age 45)
- Mr. Ryan K. Woodley, Chief Exec. Officer of Progressive Leasing (Age 41)
Who are Aaron's' major shareholders?
Aaron's' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.45%), Dimensional Fund Advisors LP (8.27%), FMR LLC (4.65%), Wedge Capital Management L L P NC (3.37%), LSV Asset Management (2.56%) and Diamond Hill Capital Management Inc. (1.59%). Company insiders that own Aaron's stock include Curtis Linn Doman, John W Robinson, Moonrider Ou, Ray M Robinson, Robert H Yanker, Robert P Sinclair Jr, Robert W Kamerschen, Ryan K Woodley and Steven A Michaels. View Institutional Ownership Trends for Aaron's.
Which major investors are selling Aaron's stock?
AAN stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Diamond Hill Capital Management Inc., First Pacific Advisors LP, Wedge Capital Management L L P NC, Fort Washington Investment Advisors Inc. OH, Dimensional Fund Advisors LP, Gamco Investors INC. ET AL and Bank of Montreal Can. Company insiders that have sold Aaron's company stock in the last year include Curtis Linn Doman, John W Robinson, Ray M Robinson, Robert H Yanker, Robert P Sinclair Jr, Robert W Kamerschen, Ryan K Woodley and Steven A Michaels. View Insider Buying and Selling for Aaron's.
Which major investors are buying Aaron's stock?
AAN stock was purchased by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Rice Hall James & Associates LLC, BlackRock Inc., Vaughan Nelson Investment Management L.P., Bessemer Group Inc., Russell Investments Group Ltd., Bank of New York Mellon Corp and Cornerstone Wealth Management LLC. View Insider Buying and Selling for Aaron's.
How do I buy shares of Aaron's?
Shares of AAN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Aaron's' stock price today?
One share of AAN stock can currently be purchased for approximately $49.27.
How big of a company is Aaron's?
Aaron's has a market capitalization of $3.36 billion and generates $3.38 billion in revenue each year. The company earns $292.53 million in net income (profit) each year or $2.56 on an earnings per share basis. Aaron's employs 11,900 workers across the globe.
What is Aaron's' official website?
How can I contact Aaron's?
Aaron's' mailing address is 400 GALLERIA PARKWAY SE SUITE 300, ATLANTA GA, 30339. The company can be reached via phone at 678-402-3000 or via email at [email protected]
MarketBeat Community Rating for Aaron's (NYSE AAN)
MarketBeat's community ratings are surveys of what our community members think about Aaron's and other stocks. Vote "Outperform" if you believe AAN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AAN will underperform the S&P 500 over the long term. You may vote once every thirty days.
