AAR Corp. (AIR) Expected to Post Quarterly Sales of $487.93 Million
Brokerages expect AAR Corp. (NYSE:AIR) to post sales of $487.93 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for AAR’s earnings, with the lowest sales estimate coming in at $472.80 million and the highest estimate coming in at $500.99 million. AAR posted sales of $446.70 million in the same quarter last year, which suggests a positive year over year growth rate of 9.2%. The firm is scheduled to announce its next earnings results on Tuesday, March 20th.
On average, analysts expect that AAR will report full year sales of $487.93 million for the current financial year, with estimates ranging from $1.91 billion to $1.96 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.24 billion per share, with estimates ranging from $2.15 billion to $2.32 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for AAR.
AAR (NYSE:AIR) last released its quarterly earnings data on Thursday, December 21st. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). AAR had a return on equity of 5.61% and a net margin of 1.25%. The firm had revenue of $449.70 million during the quarter, compared to the consensus estimate of $450.56 million. During the same period in the previous year, the firm earned $0.35 EPS. The business’s revenue was up 6.1% compared to the same quarter last year.
Shares of AAR (NYSE AIR) opened at $41.73 on Friday. The company has a quick ratio of 1.23, a current ratio of 2.65 and a debt-to-equity ratio of 0.24. AAR has a 12 month low of $31.23 and a 12 month high of $44.04. The stock has a market capitalization of $1,351.32, a P/E ratio of 62.28 and a beta of 1.36.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Monday, January 22nd will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, January 19th. AAR’s dividend payout ratio is currently 44.78%.
In other news, Director Ronald R. Fogleman sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $33.47, for a total transaction of $100,410.00. Following the transaction, the director now owns 23,406 shares of the company’s stock, valued at approximately $783,398.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.33% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new position in shares of AAR during the 3rd quarter valued at approximately $144,000. Victory Capital Management Inc. increased its position in shares of AAR by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,262 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 639 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of AAR during the 3rd quarter valued at approximately $200,000. Cubist Systematic Strategies LLC bought a new position in shares of AAR during the 2nd quarter valued at approximately $213,000. Finally, Group One Trading L.P. bought a new position in shares of AAR during the 3rd quarter valued at approximately $233,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.
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.
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