On 04 Dec 2019, Aaron’s, Inc. stock identified change of 46.84% away from 52-week low price and recently located move of -26.66% off 52-week high price. It has market worth of $3952.23M and dividend yield of 0.28%. AAN stock has been recorded -11.00% away from 50 day moving average and -3.70% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.64% off 20-day moving average.
Aaron’s, Inc. (AAN) recently reported financial results for the three months ended September 30, 2019.
Net earnings for the third quarter of 2019 were $39.8M contrast to $43.7M in the previous year period. Net earnings in the third quarter of 2019 included $5.5M in pretax restructuring charges. Adjusted EBITDA for the Company was $87.1M for the third quarter of 2019, contrast with $82.5M for the same period in 2018, a raise of $4.6M, or 5.6%. As a percentage of revenues, Adjusted EBITDA was 9.0% in the third quarter of 2019 contrast with 9.3% for the same period in 2018 when calculated on a basis consistent with the 2019 adoption of ASC 842.
Diluted earnings per share for the third quarter of 2019 were $0.58 contrast with $0.62 in the year ago period. On a non-GAAP basis, diluted earnings per share were $0.73 in the third quarter of 2019 contrast with $0.69 for the same quarter in 2018, a raise of $0.04 or 5.8%.
The Company generated $350.8M in cash from operations during the nine months ended September 30, 2019 and ended the third quarter with $150.3M in cash, contrast with a cash balance of $15.3M at the end of 2018. During the third quarter, the Company repurchased 399,424 shares for $25.0M at an average purchase price of $62.61 per share.
Progressive Leasing Section Results
Progressive Leasing’s revenues in the third quarter of 2019 were $528.9M contrast to stated revenues of $504.4M in the third quarter of 2018. Calculated on a basis consistent with the 2019 adoption of ASC 842, revenues increased $88.7M or 20.1%. Invoice volume increased 18.6% in the quarter, driven by a 20.5% increase in invoice volume per active door, partially offset by a 1.6% decrease in active doors to about 19,900. The decrease in active door count was primarily Because of a reduction in locations in our mattress and mobile phone verticals in previous quarters, which was partially offset by additions in other verticals. Progressive Leasing had 953,000 consumers at September 30, 2019, a 17.9% increase from September 30, 2018.
Earnings before income taxes for the third quarter of 2019 were $53.5M. EBITDA for the third quarter of 2019 was $62.9M contrast with $51.7M for the same period of 2018, a raise of 21.5%. As a percentage of revenues, EBITDA was 11.9% for the third quarter of 2019, a raise of 20 basis points contrast to the third quarter of 2018, calculated on a basis consistent with the 2019 adoption of ASC 842. This increase was due primarily to improved gross margins partially offset by an acceleration in investments in anticipation of recent pipeline conversion.
Aaron’s, Inc. noticed change of 1.93% to $57.68 along volume of 876491 shares in recent session compared to an average volume of 831.4K. AAN’s shares are at -8.07% for the quarter and driving a 22.38% return over the course of the past year and is now at 37.17% since this point in 2018. The average volatility for the week at 2.50% and for month was at 3.41%.