AAR Corp. (AIR) to Release Earnings on Thursday
AAR Corp. (NYSE:AIR) is scheduled to release its earnings data after the market closes on Thursday, September 22nd. Analysts expect AAR Corp. to post earnings of $0.26 per share for the quarter. AAR Corp. has set its FY17 guidance at $1.30-1.40 EPS.
AAR Corp. (NYSE:AIR) last issued its quarterly earnings data on Tuesday, July 12th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.15. AAR Corp. had a return on equity of 4.50% and a net margin of 2.87%. The business had revenue of $458.20 million for the quarter. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, analysts expect AAR Corp. to post $1.36 EPS for the current fiscal year and $1.65 EPS for the next fiscal year.
AAR Corp. (NYSE:AIR) opened at 27.54 on Wednesday. The firm’s 50-day moving average is $25.50 and its 200 day moving average is $23.99. AAR Corp. has a 12 month low of $18.36 and a 12 month high of $29.08. The stock has a market capitalization of $939.09 million, a P/E ratio of 20.13 and a beta of 1.90.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in AAR Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,620,966 shares of the company’s stock worth $61,174,000 after buying an additional 67,521 shares during the last quarter. BlackRock Fund Advisors boosted its position in AAR Corp. by 1.8% in the second quarter. BlackRock Fund Advisors now owns 2,450,071 shares of the company’s stock worth $57,185,000 after buying an additional 43,767 shares during the last quarter. State Street Corp boosted its position in AAR Corp. by 3.1% in the second quarter. State Street Corp now owns 818,700 shares of the company’s stock worth $19,110,000 after buying an additional 24,250 shares during the last quarter. AQR Capital Management LLC boosted its position in AAR Corp. by 5.5% in the second quarter. AQR Capital Management LLC now owns 248,978 shares of the company’s stock worth $5,811,000 after buying an additional 12,915 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in AAR Corp. by 3.2% in the second quarter. Parametric Portfolio Associates LLC now owns 173,341 shares of the company’s stock worth $4,046,000 after buying an additional 5,431 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on AIR shares. Zacks Investment Research downgraded shares of AAR Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, July 15th. TheStreet upgraded shares of AAR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of AAR Corp. in a research note on Friday, June 10th.
About AAR Corp.
AAR CORP. is a diversified provider of products and services to the worldwide commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which provides aftermarket support and services for the commercial aviation and government and defense markets, and Technology Products, which is involved in the design, manufacture, and repair of transportation pallets, and a range of containers and shelters used in support of military and humanitarian tactical deployment activities.
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