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.

AIR has been the topic of a number of research reports. SunTrust Banks lifted their price objective on AAR to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Canaccord Genuity reaffirmed a “hold” rating and issued a $40.00 price objective on shares of AAR in a research note on Friday, October 13th. Zacks Investment Research raised AAR from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Noble Financial reaffirmed a “buy” rating on shares of AAR in a research note on Friday, December 22nd. Finally, Credit Suisse Group raised AAR from a “neutral” rating to an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $42.25.

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.

COPYRIGHT VIOLATION NOTICE: This article was originally published by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2018/01/13/aar-corp-air-expected-to-post-quarterly-sales-of-487-93-million.html.

About AAR

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.

Get a free copy of the Zacks research report on AAR (AIR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AAR (NYSE:AIR)

Receive News & Ratings for AAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR and related companies with MarketBeat.com's FREE daily email newsletter.