Aaron's (AAN) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Aaron's (AAN) reported quarterly earnings results on Friday, Apr-29-2016. The company reported $0.71 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.75. The company posted revenue of $854.40 million in the period, compared to analysts expectations of $861.34 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on Aaron's. Sidoti Initiated Aaron's on Apr 13, 2016 to “Buy”, Price Target of the shares are set at $33.

Aaron's (AAN) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $26.81 and reached the intraday high at $26.99. The bulls started the profit booking and pushed the shares to intraday low of $26.51. The trading session was marked by a volume range of 7,36,836 shares exchanging hands. The 52-week high of the shares is $40.8 and the 52-week low is $20.24. The market cap of the company stands at $1,937 M and there are 7,26,07,843 shares in public circulation.

In a different news, on Mar 21, 2016, Curtis Linn Doman (CTO Progressive Leasing) purchased 3,000 shares at $23.75 per share price. According to the SEC, on Mar 8, 2016, Ryan K Woodley (CEO) purchased 4,000 shares at $23.64 per share price. On Mar 8, 2016, Steven A Michaels (CFO) purchased 3,000 shares at $23.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Aaron’s Inc. (Aaron’s) is a specialty retailer of furniture consumer electronics computers appliances and household accessories. The Company operates through five segments: The Aaron’s Sales and Lease Ownership segment which offers furniture electronics appliances and computers to consumers on a monthly payment basis; Progressive which is a virtual lease-to-own company that provides lease-purchase solutions; The HomeSmart segment which offers furniture electronics appliances and computers to consumers on a weekly payment basis; Franchise which awards franchises and supports franchisees of its sales and lease ownership concept and Manufacturing segment which manufactures upholstered furniture and bedding for use by Company-operated and franchised stores. Its products include flat-screen televisions computers tablets living room dining room and bedroom furniture among others. Its brands include Samsung Frigidaire Hewlett-Packard LG Maytag RCA and JVC.


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