Aaron’s (NYSE:AAN – Get Free Report) released its earnings results on Monday. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08), Briefing.com reports. Aaron’s had a net margin of 0.13% and a return on equity of 3.59%. The business had revenue of $511.50 million for the quarter, compared to the consensus estimate of $521.05 million. During the same quarter in the previous year, the firm earned $0.66 EPS. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. 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
Shares of NYSE:AAN traded up $0.15 on Wednesday, hitting $7.43. The stock had a trading volume of 16,026 shares, compared to its average volume of 261,804. The firm’s 50 day moving average price is $7.23 and its 200-day moving average price is $8.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.73 and a current ratio of 1.04. Aaron’s has a twelve month low of $6.62 and a twelve month high of $16.16. The company has a market capitalization of $233.97 million, a price-to-earnings ratio of 93.50 and a beta of 1.31.
Aaron’s Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.50 dividend on an annualized basis and a yield of 6.73%. Aaron’s’s dividend payout ratio is currently 625.00%.
Wall Street Analyst Weigh In
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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