Equities research analysts expect that Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) will announce sales of $544.47 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Aerojet Rocketdyne’s earnings, with estimates ranging from $526.00 million to $555.00 million. Aerojet Rocketdyne reported sales of $532.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The firm is expected to issue its next quarterly earnings results on Wednesday, March 7th.

On average, analysts expect that Aerojet Rocketdyne will report full year sales of $544.47 million for the current fiscal year, with estimates ranging from $1.88 billion to $1.90 billion. For the next fiscal year, analysts expect that the business will post sales of $1.97 billion per share, with estimates ranging from $1.93 billion to $2.01 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Aerojet Rocketdyne.

Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.03). Aerojet Rocketdyne had a net margin of 3.24% and a return on equity of 60.91%. The firm had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $487.48 million. Aerojet Rocketdyne’s revenue was up 4.3% on a year-over-year basis.

A number of brokerages have commented on AJRD. SunTrust Banks reissued a “buy” rating on shares of Aerojet Rocketdyne in a research report on Wednesday, September 27th. Zacks Investment Research downgraded shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Jefferies Group downgraded shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a research report on Monday, October 23rd. BidaskClub raised shares of Aerojet Rocketdyne from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 23rd. Finally, CL King raised shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research report on Friday, September 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $35.33.

Shares of Aerojet Rocketdyne (NYSE AJRD) traded up $0.27 during trading hours on Thursday, hitting $31.28. 651,818 shares of the company’s stock were exchanged, compared to its average volume of 606,046. Aerojet Rocketdyne has a 52 week low of $17.68 and a 52 week high of $36.25. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.38 and a current ratio of 1.66. The stock has a market cap of $2,330.00, a P/E ratio of 37.37, a PEG ratio of 6.63 and a beta of 1.41.

In other news, Director James R. Henderson sold 53,234 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $29.97, for a total value of $1,595,422.98. Following the completion of the transaction, the director now owns 113,341 shares in the company, valued at approximately $3,396,829.77. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James H. Perry sold 25,001 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $30.00, for a total transaction of $750,030.00. Following the completion of the transaction, the director now owns 166,959 shares of the company’s stock, valued at approximately $5,008,770. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,235 shares of company stock valued at $2,652,753. Company insiders own 2.70% of the company’s stock.

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its stake in Aerojet Rocketdyne by 79.0% during the 2nd quarter. Wells Fargo & Company MN now owns 81,142 shares of the aerospace company’s stock worth $1,688,000 after purchasing an additional 35,808 shares during the period. Legal & General Group Plc boosted its stake in Aerojet Rocketdyne by 10.1% during the 2nd quarter. Legal & General Group Plc now owns 140,654 shares of the aerospace company’s stock worth $2,925,000 after purchasing an additional 12,923 shares during the period. Vanguard Group Inc. boosted its stake in Aerojet Rocketdyne by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock worth $77,813,000 after purchasing an additional 246,605 shares during the period. Walthausen & Co. LLC acquired a new stake in Aerojet Rocketdyne during the 2nd quarter worth $6,984,000. Finally, Dimensional Fund Advisors LP boosted its stake in Aerojet Rocketdyne by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,314 shares of the aerospace company’s stock worth $45,434,000 after purchasing an additional 121,334 shares during the period. Hedge funds and other institutional investors own 97.76% of the company’s stock.

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Aerojet Rocketdyne Company Profile

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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