Aaron's (AAN) Releases Earnings Results, Beats Expectations By $0.02 EPS

Aaron's (AAN) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $0.59 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.57. The company posted revenue of $789.40 million in the period, compared to analysts expectations of $807.12 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Many Wall Street Analysts have commented on Aaron's. Topeka Capital Markets Initiated Aaron's on May 24, 2016 to “Buy”, Price Target of the shares are set at $30.

Aaron's closed down -0.95 points or -4.15% at $21.95 with 15,45,451 shares getting traded on Thursday. Post opening the session at $22.52, the shares hit an intraday low of $21.52 and an intraday high of $22.52 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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