AAR Corp. (NYSE:AIR) – Investment analysts at Seaport Global Securities issued their Q1 2018 earnings per share estimates for shares of AAR Corp. in a research note issued on Tuesday. Seaport Global Securities analyst J. Sullivan anticipates that the aerospace company will post earnings of $0.35 per share for the quarter. Seaport Global Securities currently has a “Neutral” rating and a $39.00 target price on the stock. Seaport Global Securities also issued estimates for AAR Corp.’s Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $1.79 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.66 EPS and FY2019 earnings at $2.28 EPS.

Several other research firms have also recently commented on AIR. Zacks Investment Research cut AAR Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Noble Financial reiterated a “buy” rating on shares of AAR Corp. in a research note on Thursday, July 13th. BidaskClub cut AAR Corp. from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Canaccord Genuity started coverage on AAR Corp. in a research note on Wednesday, September 6th. They set a “hold” rating and a $40.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $44.71.

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Shares of AAR Corp. (NYSE:AIR) traded up 0.17% during trading on Thursday, hitting $35.31. 15,407 shares of the stock were exchanged. The firm has a 50 day moving average of $35.90 and a 200-day moving average of $35.04. AAR Corp. has a 12-month low of $27.06 and a 12-month high of $38.75. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 21.61 and a beta of 1.39.

AAR Corp. (NYSE:AIR) last announced its earnings results on Tuesday, July 11th. The aerospace company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $492.30 million for the quarter, compared to analysts’ expectations of $486.93 million. AAR Corp. had a net margin of 3.20% and a return on equity of 5.69%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS.

AAR Corp. declared that its Board of Directors has authorized a share buyback plan on Tuesday, July 11th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to purchase up to 20.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

In related news, VP Robert J. Regan sold 28,640 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $36.53, for a total value of $1,046,219.20. Following the transaction, the vice president now directly owns 114,193 shares of the company’s stock, valued at approximately $4,171,470.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Timothy J. Romenesko sold 43,200 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $37.28, for a total value of $1,610,496.00. Following the completion of the transaction, the insider now directly owns 317,665 shares in the company, valued at $11,842,551.20. The disclosure for this sale can be found here. Insiders have sold a total of 91,840 shares of company stock valued at $3,401,115 over the last ninety days. Company insiders own 9.33% of the company’s stock.

Several hedge funds have recently modified their holdings of AIR. Bank of Montreal Can raised its stake in shares of AAR Corp. by 10.1% in the 1st quarter. Bank of Montreal Can now owns 3,371 shares of the aerospace company’s stock valued at $114,000 after acquiring an additional 309 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of AAR Corp. by 15.9% in the 1st quarter. Victory Capital Management Inc. now owns 3,623 shares of the aerospace company’s stock valued at $122,000 after acquiring an additional 496 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of AAR Corp. in the 1st quarter valued at approximately $127,000. Cubist Systematic Strategies LLC bought a new position in shares of AAR Corp. in the 2nd quarter valued at approximately $213,000. Finally, State of Alaska Department of Revenue raised its stake in shares of AAR Corp. by 79.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,307 shares of the aerospace company’s stock valued at $219,000 after acquiring an additional 2,787 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

AAR Corp. Company Profile

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.

Earnings History and Estimates for AAR Corp. (NYSE:AIR)

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