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
Industry Equipment rental & leasing, not elsewhere classified
Sub-IndustryHomefurnishing Retail
SectorRetail/Wholesale
Phone678-402-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.38 billion
Profitability
Miscellaneous
Employees11,900
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 declared a quarterly dividend on Thursday, November 8th. Investors 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 yield of 0.26%. The ex-dividend date of this dividend is Wednesday, December 19th. This is a positive change 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 declared that its Board of Directors has approved a stock buyback program on Thursday, February 15th 2018, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.
How were Aaron's' earnings last quarter?
Aaron's, Inc. (NYSE:AAN) released its quarterly earnings results on Thursday, February, 14th. The company reported $1.02 EPS for the quarter, missing the Zacks' consensus estimate of $1.03 by $0.01. The company had revenue of $993.20 million for the quarter, compared to analyst estimates of $966.29 million. Aaron's had a net margin of 8.39% and a return on equity of 12.22%. The business's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. 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 FY19 earnings guidance on Thursday, February, 14th. The company provided earnings per share guidance of $3.65-3.85 for the period, compared to the Thomson Reuters consensus estimate of $3.91. The company issued revenue guidance of $3.91-4.07 billion, compared to the consensus revenue estimate of $3.99 billion.Aaron's also updated its FY 2019 guidance to $3.65-3.85 EPS.
What price target have analysts set for AAN?
6 equities research analysts have issued 12-month target prices for Aaron's' stock. Their predictions range from $57.00 to $68.00. On average, they anticipate Aaron's' share price to reach $62.50 in the next twelve months. This suggests a possible upside of 17.9% from the stock's current price. View Analyst Price Targets for Aaron's.
What is the consensus analysts' recommendation for Aaron's?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aaron's in the last year. There are currently 1 hold rating and 5 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?
Media stories about AAN stock have been trending positive this week, according to InfoTrie. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Aaron's earned a news sentiment score of 2.7 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few 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), Rent-A-Center (RCII), Textainer Group (TGH), Exterran (EXTN), 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 47)
- Mr. Steven A. Michaels, CFO & Pres of Strategic Operations (Age 47)
- Mr. Douglas A. Lindsay, Pres of Sales & Lease Ownership (Age 48)
- Mr. Curtis Linn Doman, CTO of Progressive Leasing & Director (Age 46)
- Mr. Ryan K. Woodley, Chief Exec. Officer of Progressive Leasing (Age 42)
Who are Aaron's' major shareholders?
Aaron's' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.34%), Dimensional Fund Advisors LP (8.29%), Wedge Capital Management L L P NC (3.05%), LSV Asset Management (2.42%), Northern Trust Corp (2.40%) and Diamond Hill Capital Management Inc. (1.89%). 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 institutional investors are selling Aaron's stock?
AAN stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Wedge Capital Management L L P NC, New York State Common Retirement Fund, Bessemer Group Inc., Hennessy Advisors Inc., Stifel Financial Corp, Barclays PLC and LSV Asset Management. 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 institutional investors are buying Aaron's stock?
AAN stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, BlackRock Inc., Amundi Pioneer Asset Management Inc., Raymond James Financial Services Advisors Inc., Diamond Hill Capital Management Inc., Principal Financial Group Inc., Raymond James & Associates and Geode Capital 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 $53.02.
How big of a company is Aaron's?
Aaron's has a market capitalization of $3.64 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.
