Aaron's, Inc. (NYSE:AAN) omnichannel provider of lease-purchase solutions, is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.44 per share.
Looking ahead, the full year income are expected at $ 4.71 per share on the revenues of $ 4172.05 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.40 ~ $ 1.50 per share, while revenues are expected in a range of $ 1,000.00 million ~ $ 1,020.00 million
Full Year 2020 topline are forecasted in a range of$ 4,150.00 million ~ $ 4,300.00 million, where as bottomline are predicted in a range of $ 3.80 ~ $ 4.00 per share
Click Here For More Historical Outlooks Of Aaron's, Inc.
Previous Quarter Performance
Aaron's, Inc. unwinded income for the second quarter of $ 1.18 per share, from the revenue of $ 1,030.00 million. The quarterly earnings increased 26.88 percent compared with the same quarter last year. According to street consensus, AAN was expected to report 2Q20 income of $ 0.78 per share from revenue of $ 973.20 million. The bottom line results beat street analysts by $ 0.4 or 51.28 percent, at the same time, top line results outshined analysts by $ 56.80 million or 5.84 percent.
Stock Performance
Shares of Aaron's, Inc. traded low $ -1.65 or -2.93 percent on Wednesday, reaching $ 54.72 with volume of 486.10 thousand shares. Aaron's, Inc. has traded high as $ 56.28 and has cracked $ 54.35 on the downward trend
According to the previous trading day, closing price of $ 54.72, representing a 333.28 % increase from the 52 week low of $ 13.01 and a 26.54 % decrease over the 52 week high of $ 76.74.
The company has a market capital of $ 3.67 billion and is part of the Services sector and Rental & Leasing Services industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.04 per share on August 6, 2020. The dividend were payable on October 6, 2020 to holders of record as of the close of business on September 17, 2020 and ex-dividend date on September 16, 2020.
Conference Call
Aaron's, Inc. will be hosting a conference call at 10:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.aarons.com
Aarons, Inc. operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aarons Business, and DAMI.
