Brokerages Expect AAR Corp. (AIR) to Announce $0.50 EPS

Wall Street analysts expect AAR Corp. (NYSE:AIR) to report $0.50 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for AAR’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.58. AAR reported earnings of $0.38 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 31.6%. The business is expected to report its next quarterly earnings results on Tuesday, March 20th.

According to Zacks, analysts expect that AAR will report full-year earnings of $1.87 per share for the current financial year, with EPS estimates ranging from $1.73 to $2.00. For the next fiscal year, analysts expect that the firm will report earnings of $2.73 per share, with EPS estimates ranging from $2.63 to $2.92. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow AAR.

AAR (NYSE:AIR) last released its earnings results on Thursday, December 21st. The aerospace company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $449.70 million for the quarter, compared to analysts’ expectations of $450.56 million. AAR had a return on equity of 5.61% and a net margin of 1.25%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS.

Several analysts have weighed in on the stock. TheStreet downgraded shares of AAR from a “b” rating to a “c+” rating in a research report on Thursday, December 21st. Canaccord Genuity restated a “hold” rating and set a $40.00 price objective on shares of AAR in a research note on Friday, October 13th. Noble Financial restated a “buy” rating on shares of AAR in a research note on Friday, December 22nd. Seaport Global Securities upgraded shares of AAR from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $39.00 to $50.00 in a research note on Tuesday, January 16th. Finally, Credit Suisse Group upgraded shares of AAR from a “neutral” rating to an “outperform” rating in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. AAR presently has a consensus rating of “Hold” and a consensus target price of $45.00.

AAR (NYSE AIR) traded up $0.35 during trading hours on Friday, reaching $40.98. 272,627 shares of the company’s stock traded hands, compared to its average volume of 293,696. The stock has a market cap of $1,420.00, a P/E ratio of 89.09 and a beta of 1.36. AAR has a 12 month low of $31.23 and a 12 month high of $44.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 2.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Monday, January 22nd will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, January 19th. AAR’s payout ratio is 65.22%.

In related news, CEO David P. Storch sold 126,679 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $41.53, for a total value of $5,260,978.87. Following the completion of the transaction, the chief executive officer now directly owns 759,639 shares in the company, valued at approximately $31,547,807.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ronald R. Fogleman sold 3,000 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $33.47, for a total transaction of $100,410.00. Following the completion of the transaction, the director now owns 23,406 shares of the company’s stock, valued at $783,398.82. The disclosure for this sale can be found here. Insiders own 9.33% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. purchased a new stake in AAR in the 3rd quarter valued at about $144,000. Highbridge Capital Management LLC purchased a new stake in AAR in the 3rd quarter worth about $200,000. Cubist Systematic Strategies LLC purchased a new stake in AAR in the 2nd quarter worth about $213,000. OxFORD Asset Management LLP purchased a new stake in AAR in the 2nd quarter worth about $230,000. Finally, Group One Trading L.P. purchased a new stake in AAR in the 3rd quarter worth about $233,000. Hedge funds and other institutional investors own 87.79% of the company’s stock.

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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.

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Earnings History and Estimates for AAR (NYSE:AIR)

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