Aaron’s (NYSE:AAN – Get Free Report) announced its earnings results on Monday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.10), Briefing.com reports. Aaron’s had a negative net margin of 1.15% and a positive return on equity of 0.02%. The company had revenue of $503.10 million for the quarter, compared to analysts’ expectations of $513.91 million. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis.
Aaron’s Price Performance
NYSE:AAN traded down $0.02 during trading hours on Wednesday, hitting $10.02. 257,764 shares of the company’s stock traded hands, compared to its average volume of 466,545. Aaron’s has a 52 week low of $6.62 and a 52 week high of $13.98. The business’s fifty day simple moving average is $9.47 and its two-hundred day simple moving average is $8.64. 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 $315.85 million, a P/E ratio of -12.71 and a beta of 1.43.
Aaron’s Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 4.99%. Aaron’s’s payout ratio is currently -63.29%.
Analysts Set New Price Targets
Get Our Latest Analysis on Aaron’s
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.
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