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Last $36.04 USD
Change Today -0.10 / -0.28%
Volume 349.2K
AAN On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

aaron's inc (AAN) Snapshot

Open
$36.14
Previous Close
$36.14
Day High
$36.47
Day Low
$35.88
52 Week High
06/24/15 - $36.98
52 Week Low
10/24/14 - $23.25
Market Cap
2.6B
Average Volume 10 Days
631.6K
EPS TTM
$1.57
Shares Outstanding
72.6M
EX-Date
06/2/15
P/E TM
23.0x
Dividend
$0.09
Dividend Yield
0.25%
Current Stock Chart for AARON'S INC (AAN)

aaron's inc (AAN) Related Businessweek News

No Related Businessweek News Found

aaron's inc (AAN) Details

Aaron's, Inc. operates as a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories in the United States and Canada. The company operates in five segments: Sales and Lease Ownership, Progressive, HomeSmart, Franchise, and Manufacturing. It engages in the lease ownership and retail sale of various products, including flat-screen televisions, computers, tablets, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators. The company offers products of various brands, such as Samsung, Frigidaire, Hewlett-Packard, LG, Maytag, Simmons, Philips, RCA, JVC, Sharp, and Magnavox. As of February 27, 2015, the company had 2,100 company-operated and franchised stores in 48 states and Canada, as well as provided lease-purchase solutions through approximately 15,000 retail locations in 46 states. The company was founded in 1955 and is headquartered in Atlanta, Georgia.

12,400 Employees
Last Reported Date: 03/2/15
Founded in 1955

aaron's inc (AAN) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $313.6K
President
Total Annual Compensation: $374.1K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $675.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $510.0K
Senior Vice President of Operations
Total Annual Compensation: $442.5K
Compensation as of Fiscal Year 2014.

aaron's inc (AAN) Key Developments

Aaron's, Inc. Declares Quarterly Dividend, Payable on July 2, 2015

The board of directors of Aaron's, Inc, has declared a quarterly cash dividend of is $0.023 per share on common stock, payable July 2, 2015 to shareholders of record as of the close of business on June 4, 2015.

Aaron's Reportedly Thwarts Rent-A-Center's Approaches

Aaron's, Inc. (NYSE:AAN) turned down several informal takeover approaches in the last 12 months from Rent-A-Center, Inc. (NasdaqGS:RCII), according to people familiar with the matter. The sources added that Rent-A-Center's took place earlier this year but did not lead to serious discussions between the two companies. Aaron's opposed the approaches as it favors its standalone prospects and does not view Rent-A-Center's stock as a valuable acquisition currency. The sources added that there are currently no active talks between the companies. A representative for Aaron's declined to comment while Rent-A-Center did not immediately respond to requests for comment, Reuters added.

Aaron's, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Updates Earnings Guidance for the Full Year 2015

Aaron's, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the first quarter of 2015, revenues increased 40.4% to $821.8 million compared with $585.4 million for the first quarter of 2014. Net earnings increased 28.4% to $49.2 million compared with $38.3 million in the prior year period. Diluted earnings per share were $0.68 compared with $0.53 a year ago. Non-GAAP earnings per share were $0.73 compared with $0.53 last year. On a non-GAAP basis, excluding the $6.6 million of amortization expense related to the acquisition of Progressive, net earnings for the first quarter of 2015 were $53.4 million compared with $38.3 million in the first quarter a year ago, and diluted earnings per share were $0.73 compared with $0.53. EBITDA was $103.7 million compared with $76.3 million in the prior year period. Operating profit was $84.812 million compared to $61.894 million a year ago. Earnings before income taxes were $77.830 million compared to $60.710 million a year ago. The core business achieved a slight improvement in EBITDA margin despite a 2.6% decline in revenue. The healthy increase in EBITDA growth over revenue growth was driven by a mix of gross margin expansion and leverage on operating expenses. The increase in revenue is due to the inclusion in 2015 of revenues attributed to Progressive's operations. The increase in EBITDA is due to Progressive's EBITDA included in the company's results in the first quarter of 2015. Cash generated in the quarter was a result of cash flow from operations as well as a large $100 million tax refund received in January. The company is updating its guidance for the full year 2015 to increase its outlook for Progressive's lease revenues and EBITDA. The company's expectations for the core business remain unchanged from the previously published guidance on February 6, 2015. Diluted earnings per share are presented both on a GAAP basis and on a non-GAAP basis that excludes Progressive-related intangible amortization. The company currently expects to achieve lease revenues of Progressive for 2015 are now expected to be in the range of $1.05 billion to $1.15 billion compared with the previous guidance of $1.00 billion to $1.10 billion. EBITDA is expected to be in the range of $105 million to $115 million compared with the previous guidance of $95 million to $105 million. Consolidated revenues for 2015 are now estimated to be in the range of $3.10 billion to $3.30 billion compared with the previous guidance of $3.05 billion to $3.25 billion. EBITDA expectations are being increased to a range of $305 million to $335 million compared with the previous guidance of $295 million to $325 million. GAAP diluted earnings per share are expected to be in the range of $1.78 to $1.98 compared with the previous guidance of $1.68 to $1.88. Non-GAAP adjusted diluted earnings per share have been increased to a range of $2.01 to $2.21 compared with the previous guidance of $1.90 to $2.10.

 

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AAN Competitors

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Company Last Change
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Ezcorp Inc $7.25 USD -0.065
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Rent-A-Center Inc/TX $27.91 USD -0.14
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Industry Analysis

AAN

Industry Average

Valuation AAN Industry Range
Price/Earnings 29.5x
Price/Sales 0.9x
Price/Book 2.1x
Price/Cash Flow 29.5x
TEV/Sales 0.7x
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