Sterne Agee Provides Color on Aaron's
Sterne Agee provided color on Aaron's (NYSE: AAN). In a research report published today, Sterne Agee commented on the company's Q2 results.
In the report, Sterne Agee states, “We believe Aaron's Inc. will likely report 2Q11 results slightly above consensus of $0.41. Guidance is $0.38 to $0.42. In addition, we expect AAN to reaffirm full-year revenue/EPS guidance of ~$2B/$1.69-$1.81. Recall, AAN has reported EPS upside (relative to consensus) of $0.04, $0.04 and $0.02 in each of the previous three quarters. Management had raised full-year guidance by $0.06 or 4% in conjunction with last quarter's beat.”
At the moment, Sterne Agee has a Neutral rating placed on the company's stock. On Tuesday, AAN added 1.05% to its value to finish the day at $27.01.
