Aaron’s (NYSE:AAN – Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08), Briefing.com reports. The firm had revenue of $511.50 million for the quarter, compared to the consensus estimate of $521.05 million. Aaron’s had a net margin of 0.13% and a return on equity of 3.59%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. Aaron’s updated its FY24 guidance to $0.00-0.25 EPS and its FY 2024 guidance to 0.000-0.250 EPS.
Aaron’s Price Performance
AAN opened at $7.28 on Wednesday. The stock has a fifty day moving average of $7.23 and a 200-day moving average of $8.90. The firm has a market capitalization of $229.25 million, a P/E ratio of 91.00 and a beta of 1.31. Aaron’s has a 12-month low of $6.62 and a 12-month high of $16.16. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.
Aaron’s Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 6.87%. The ex-dividend date is Friday, June 14th. Aaron’s’s dividend payout ratio is presently 625.00%.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on AAN
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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