News stories about Aaron’s, (NYSE:AAN) have been trending somewhat positive on Saturday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Aaron’s, earned a news impact score of 0.08 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.3033954163328 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Aaron’s, Inc. (AAN) Expected to Announce Earnings of $0.55 Per Share (americanbankingnews.com)
- Aaron’s, Inc. (NYSE:AAN) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Aaron’s, Inc. Investors and Encourages Investors to Contact the Firm (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Aaron's Inc. (finance.yahoo.com)
- Lawsuit for Investors in Shares of Aaron’s, Inc. (NYSE:AAN) Announced by Shareholders Foundation (finance.yahoo.com)
Aaron’s, (NYSE AAN) traded up 0.87% during trading on Friday, hitting $45.19. The stock had a trading volume of 596,224 shares. The firm has a market cap of $3.20 billion, a PE ratio of 23.22 and a beta of 0.17. The company’s 50-day moving average is $41.12 and its 200 day moving average is $34.50. Aaron’s, has a 52 week low of $22.37 and a 52 week high of $48.22.
Aaron’s, (NYSE:AAN) last issued its quarterly earnings results on Friday, July 28th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The company had revenue of $815.60 million for the quarter, compared to the consensus estimate of $786.12 million. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. Equities analysts expect that Aaron’s, will post $2.56 EPS for the current fiscal year.
Several analysts have issued reports on AAN shares. TheStreet raised shares of Aaron’s, from a “c+” rating to a “b-” rating in a research report on Monday, April 24th. Northcoast Research reaffirmed a “buy” rating and issued a $52.50 price objective (up previously from $45.00) on shares of Aaron’s, in a research report on Monday, July 31st. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Aaron’s, in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price objective (up previously from $40.00) on shares of Aaron’s, in a research report on Sunday, July 30th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Aaron’s, in a research report on Sunday, July 30th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Aaron’s, presently has a consensus rating of “Buy” and a consensus target price of $42.50.
In other Aaron’s, news, CEO John W. Robinson sold 15,000 shares of Aaron’s, stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $46.11, for a total value of $691,650.00. Following the transaction, the chief executive officer now directly owns 348,440 shares of the company’s stock, valued at approximately $16,066,568.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Steven A. Michaels sold 5,000 shares of Aaron’s, stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $46.26, for a total value of $231,300.00. Following the completion of the transaction, the chief financial officer now directly owns 61,095 shares in the company, valued at $2,826,254.70. The disclosure for this sale can be found here. Insiders own 1.93% of the company’s stock.
Aaron’s, Company Profile
Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.
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