AAR Corp. (AIR) Plans Quarterly Dividend of $0.08
AAR Corp. (NYSE:AIR) declared a quarterly dividend on Wednesday, October 9th, AR Network reports. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.075 per share on Monday, November 4th. This represents a $0.30 dividend on an annualized basis and a yield of 1.15%.
A number of research firms have recently commented on AIR. Analysts at Zacks reiterated a “neutral” rating on shares of AAR Corp. in a research note to investors on Tuesday. They now have a $28.00 price target on the stock. On the ratings front, analysts at Credit Suisse raised their price target on shares of AAR Corp. from $23.00 to $26.00 in a research note to investors on Thursday, September 26th. They now have an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $23.67.
Shares of AAR Corp. (NYSE:AIR) traded up 0.19% during mid-day trading on Wednesday, hitting $26.20. The stock had a trading volume of 446,404 shares. AAR Corp. has a 52 week low of $13.27 and a 52 week high of $30.01. The stock’s 50-day moving average is $26.75 and its 200-day moving average is $22.45. The company has a market cap of $1.011 billion and a price-to-earnings ratio of 18.96.
AAR Corp. (NYSE:AIR) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $514.50 million for the quarter, compared to the consensus estimate of $542.11 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts predict that AAR Corp. will post $2.04 earnings per share for the current fiscal year.
AAR CORP. (NYSE:AIR) is a diversified provider of products and services to the worldwide aviation and government and defense markets.
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