Last $28.18 USD
Change Today +0.97 / 3.56%
Volume 824.4K
AAN On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

aaron's inc (AAN) Snapshot

Open
$27.92
Previous Close
$27.21
Day High
$28.30
Day Low
$27.76
52 Week High
07/1/14 - $36.74
52 Week Low
10/24/14 - $23.25
Market Cap
2.0B
Average Volume 10 Days
546.2K
EPS TTM
$1.43
Shares Outstanding
72.5M
EX-Date
11/26/14
P/E TM
19.7x
Dividend
$0.09
Dividend Yield
0.31%
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 consumer electronics, computers, residential furniture, household appliances, and accessories in the United States and Canada. The company operates in four segments: Sales and Lease Ownership, HomeSmart, Franchise, and Manufacturing. It is engaged in the lease ownership, lease, and retail sale of various products, including widescreen and LCD televisions, computers, tablets, living room, dining room and bedroom furniture, washers, dryers, and refrigerators. The company offers products of various brands, such as Samsung, Frigidaire, Hewlett-Packard, LG, Maytag, Simmons, JVC, Sharp, and Magnavox. As of July 15, 2014, the company had approximately 2,130 company-operated and franchised stores in 48 states of the United States and Canada. The company was founded in 1955 and is based in Atlanta, Georgia.

12,600 Employees
Last Reported Date: 02/24/14
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. Announces Management Changes

Aaron's, Inc. announced that John W. Robinson III, Executive Vice President of the company and Chief Executive Officer of Progressive Leasing, has been named Chief Executive Officer of the company, effective from November 10, 2014. Robinson will also become a member of the company's Board of Directors. Gil Danielson, who served as interim Chief Executive Officer of the company, will remain Executive Vice President and Chief Financial Officer. The board of directors of the company began an extensive search to fill the position when Ron Allen retired as the company's Chief Executive Officer on August 31, 2014. The Board retained Spencer Stuart, a leading executive recruiting firm, to assist in the process of identifying Allen's successor. The search process included a full review of both internal and external candidates. Robinson is the former President and Chief Operating Officer of TMX Finance LLC.

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

The Board of Directors of Aaron's, Inc. declared a quarterly cash dividend of $0.023 per share on Common Stock, payable January 2, 2015 to shareholders of record as of the close of business on December 1, 2014. This is an increase of 9.5% from the previous quarterly dividend of $0.021 per share.

Aaron's, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Updates Earnings Guidance for the Fourth Quarter and Full Year of 2014

Aaron's, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported that revenues increased 32% to $707.6 million compared to $537.2 million for the same period in 2013. Net earnings were $9.3 million versus $21.1 million a year ago. Diluted earnings per share were $0.13 compared to $0.28 per share last year. The $170.3 million increase in revenue was due to $189.8 million in revenue from Progressive, partially offset by a decrease in revenue from Aaron's core business. On a non-GAAP basis, excluding the special charges, costs and expenses described above from all periods, net earnings for the third quarter of 2014 would have been $28.2 million compared to $30.8 million for the same period in 2013, and earnings per share assuming dilution would have been $0.39 compared to $0.40 a year ago. Adjusted EBITDA for the company, adjusted to exclude the aforementioned special fees and expenses, was $60.0 million against $58.5 million for the same period a year ago. Operating profit was $20.3 million against $28.2 million for the same period a year ago. Earnings before income taxes were $13.2 million against $29.4 million for the same period a year ago. EBITDA was $44.4 million against $45.1 million for the same period a year ago. For the first nine months of 2013, revenues increased 17% to $1.965 billion compared to $1.681 billion for the same period of 2013. Net earnings were $56.1 million versus $98.0 million last year. Diluted earnings per share for the first nine months were $0.77 for 2014 compared to $1.28 in 2013. On a non-GAAP basis, net earnings would have been $93.6 million compared to $119.6 million in 2013, and earnings per share assuming dilution would have been $1.29 versus $1.56 last year. Adjusted EBITDA for the company, adjusted to exclude the aforementioned special fees and expenses, was $201.1 million against $231.3 million for the same period a year ago. Operating profit was $99.0 million against $153.2 million for the same period a year ago. Earnings before income taxes were $87.5 million against $150.8 million for the same period a year ago. EBITDA was $163.7 million against $197.9 million for the same period a year ago. The company updated its guidance for the fourth quarter and full year 2014. The company currently expects consolidated revenue to be approximately $740 million, including Progressive revenues of approximately $205 million, EBITDA in the range of approximately $57 million to $62 million including Progressive EBITDA in the range of $15 million to $18 million, GAAP diluted earnings per share to be in the range of $0.24 to $0.29 and non-GAAP adjusted diluted earnings per share in the range of $0.34 to $0.39. For the year 2014, the company expects effective tax rate to be approximately 36.0%. The company currently expects consolidated revenue to be approximately $2.71 billion, including Progressive revenues of approximately $534 million since the April 14 acquisition, EBITDA in the range of approximately $257 million to $262 million, including Progressive EBITDA in the range of $47 million to $50 million, GAAP diluted earnings per share to be in the range of $1.01 to $1.06 and non-GAAP adjusted diluted earnings per share in the range of $1.62 to $1.67.

 

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AAN

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Valuation AAN Industry Range
Price/Earnings 19.2x
Price/Sales 0.6x
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Price/Cash Flow 21.2x
TEV/Sales 0.4x
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