(RNT) Aaron Rents, Inc. – Growth And Income – Zacks Rank Buy

April 20th, 2009

Aaron Rents, Inc. (RNT), which is scheduled to report on its first quarter later this month, continues to outpace the market, and analysts’ estimates remain bullish.

A Surge in Share Price on Upbeat Projections

Shares of RNT climbed 12% since we last featured the stock as a Growth and Income pick in late March.

Wall Street has RNT’s full-year 2009 earnings per share pegged at $1.81 per share, up from $1.75 over the past 3 months. For the following year, projections of $2.05 were increased from $1.90 over the past 3 months.

Earnings forecasts for the first quarter stand at 51 cents per share, up from the 3 month-ago level of 48 cents. Aaron Rents is slated to report results for the first quarter on April 28.

The company boasts a strong record of beating earnings expectations, logging in only 2 misses since 2005. RNT’s earnings are projected to grow about 12% over the next 3 – 5 years.

ring past the market by 30% to 40% over the past few months. Analysts are bullish on earnings, revising fiscal year forecasts from $2.37 per share to $2.77.

Zacks Investment Research
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More on this topic (What's this?)
Aaron’s Inc (NYSE: AAN): Stock of the Day (Investment U, 4/28/09)
Paired Trade: Sell Aaron's Rents and Buy EZCORP (AB Analytical Services, 6/5/09)
All Sell and No Buy (Contrarian Profits, 5/28/08)
AAN (Samurai Trader, 2/16/11)
Read more on Aaron's at Wikinvest

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