Posts Tagged ‘AAN’

  • Aaron’s (AAN) Is a Good Buy Here
    , May 20th, 2013 at 10:48 am

    One stock that I’ve been watching closely is Aaron’s ($AAN), the lease-to-own retailer. The company came in below expectations on their last two earnings reports and I think that has unduly hurt the shares. The stock closed on Friday at $28.72 but I think the shares are worth close to $35.

    A few weeks ago, with the first-quarter earnings report, Aaron’s lowered their full-year forecast. The old range was $2.25 to $2.41 per share, and the new range is $2.11 to $2.23 per share. Make no mistake, that’s quite a hit. For Q2, AAN expects earnings to range between 45 and 49 cents per share. The Street’s consensus was for 54 cents per share.

    The company has had some short-term problems but nothing it can’t fix. The stock is a good value here.