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Last $27.73 USD
Change Today +0.04 / 0.14%
Volume 331.8K
AAN On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

aaron's inc (AAN) Snapshot

Open
$27.62
Previous Close
$27.69
Day High
$28.06
Day Low
$27.51
52 Week High
07/1/14 - $36.74
52 Week Low
10/24/14 - $23.25
Market Cap
2.0B
Average Volume 10 Days
674.8K
EPS TTM
$1.44
Shares Outstanding
72.5M
EX-Date
03/6/15
P/E TM
19.3x
Dividend
$0.09
Dividend Yield
0.32%
Current Stock Chart for AARON'S INC (AAN)

aaron's inc (AAN) Related Businessweek News

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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 Financial Officer and Executive Vice Pr...
Total Annual Compensation: $675.0K
Senior Vice President of Operations
Total Annual Compensation: $381.7K
Executive Vice President, General Counsel and...
Total Annual Compensation: $334.2K
Compensation as of Fiscal Year 2013.

aaron's inc (AAN) Key Developments

Aaron's, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable April 1, 2015

Aaron's, Inc. has declared a quarterly cash dividend. The dividend declared is $0.023 per share on common stock, payable April 1, 2015 to shareholders of record as of the close of business on March 10, 2015.

Aaron's, Inc. to Open New Stores in 2014

Aaron's, Inc. anticipates to open a small number of new company stores next year, around 10 or so, and a little bit higher number on franchise stores and consolidating approximately 50 underperforming store locations during 2015.

Aaron's, Inc. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of Fiscal 2015

Aaron's, Inc. reported consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the fourth quarter of 2014, revenues increased 37% to $759.7 million compared to $553.9 million for the fourth quarter of 2013. Net earnings were $22.1 million versus $22.7 million a year ago. Diluted earnings per share were $0.30 in both periods. The $205.9 million increase in revenue was due to $220.8 million in revenue from Progressive Leasing, acquired in April 2014, partially offset by a decrease in revenue from Aaron's core business. Operating profit was $40.822 million against $33.885 million a year ago. Earnings before income taxes were $34.233 million against $34.111 million a year ago. Same-store revenues in the fourth quarter for company-operated stores, in core business, declined 2.8% compared to the same period last year, and the customer count on a same-store basis for company operated stores was down 4.6%. Same-store revenues for franchised doors declined 2.9% and their customer count on a same-store basis was down 5.2% for the quarter. Non-GAAP EPS, which excludes special charges, costs and expenses, were $0.39 compared to $0.30 for the same period a year ago. Adjusted EBITDA was $62.8 million. For the twelve months ended December 31, 2014, revenues increased 22% to $2.725 billion compared to $2.235 billion for the twelve months ended December 31, 2013. These increases are due to the inclusion in 2014 of $220.8 million and $549.5 million, respectively, of Progressive's revenue from the April 2014 acquisition date. Net earnings were $78.2 million versus $120.7 million last year. Diluted earnings per share for the twelve months were $1.08 for 2014 compared to $1.58 in 2013. Operating profit was $139.843 million against $187.058 million a year ago. Earnings before income taxes were $121.704 million against $184.960 million a year ago. Non-GAAP net earnings were $123.2 million compared to $142.4 million in 2013. And earnings per share would have been $1.69 versus $1.86 last year. Adjusted EBITDA was $263.9 million. The company is providing earnings guidance for the full year of fiscal 2015. Revenues of approximately $3.05 billion to $3.25 billion, excluding revenues of franchisees. Adjusted EBITDA of $295 million to $325 million. Capital expenditures of $55 million to $75 million. Effective tax rate between approximately 36% and 38%. Core business generating cash flow, that free cash flow will be an excess of $100 million in 2015. GAAP diluted earnings per share of $1.68 to $1.88, non-GAAP adjusted diluted earnings per share of $1.90 to $2.10. The company expects core business total revenues of approximately $2.05 billion to $2.15 billion, same-store revenues of approximately 4% to a negative 1% quarterly, with an improving trend throughout the year, gross margins of between 55% and 57% and operating profit margins of 6% to 8%. Again, for the core business, it’s expecting adjusted EBITDA of approximately $200 million to $220 million.

 

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AAN

Industry Average

Valuation AAN Industry Range
Price/Earnings 25.7x
Price/Sales 0.7x
Price/Book 1.6x
Price/Cash Flow 25.7x
TEV/Sales 0.5x
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