Aaron’s: 4Q Earnings Snapshot

February 14, 2019

ATLANTA (AP) _ Aaron’s Inc. (AAN) on Thursday reported fourth-quarter net income of $61.7 million.

On a per-share basis, the Atlanta-based company said it had profit of 89 cents. Earnings, adjusted for non-recurring costs and pretax expenses, came to $1.02 per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The rent-to-own company posted revenue of $993.2 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $996.3 million.

For the year, the company reported profit of $196.2 million, or $2.78 per share. Revenue was reported as $3.83 billion.

Aaron’s expects full-year earnings in the range of $3.65 to $3.85 per share.

Aaron’s shares have increased 20 percent since the beginning of the year. The stock has climbed 28 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAN at https://www.zacks.com/ap/AAN