Aerojet Rocketdyne Holdings, Inc. (AJRD) Announces Quarterly Earnings Results
Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) issued its earnings results on Thursday. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03), Bloomberg Earnings reports. The firm had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $487.48 million. Aerojet Rocketdyne Holdings had a return on equity of 153.06% and a net margin of 2.00%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year.
Several brokerages have issued reports on AJRD. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Aerojet Rocketdyne Holdings in a research note on Wednesday, September 27th. Zacks Investment Research lowered Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Jefferies Group LLC lowered Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a research note on Monday, October 23rd. BidaskClub raised Aerojet Rocketdyne Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. Finally, CL King raised Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Aerojet Rocketdyne Holdings currently has a consensus rating of “Buy” and an average target price of $29.67.
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About Aerojet Rocketdyne Holdings
GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.
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