Equities analysts predict that AAR Corp. (NYSE:AIR) will announce $0.60 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for AAR’s earnings, with estimates ranging from $0.56 to $0.64. AAR posted earnings of $0.35 per share in the same quarter last year, which suggests a positive year over year growth rate of 71.4%. The company is scheduled to issue its next quarterly earnings results on Thursday, December 20th.
On average, analysts expect that AAR will report full year earnings of $2.70 per share for the current year, with EPS estimates ranging from $2.65 to $2.74. For the next financial year, analysts anticipate that the business will post earnings of $3.13 per share, with EPS estimates ranging from $3.00 to $3.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for AAR.
AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, September 25th. The aerospace company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $466.30 million during the quarter, compared to analysts’ expectations of $452.72 million. AAR had a net margin of 1.08% and a return on equity of 7.27%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS.
Several equities research analysts have weighed in on the stock. Credit Suisse Group raised their price objective on shares of AAR from $51.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, September 28th. Noble Financial reaffirmed a “buy” rating and issued a $57.00 target price on shares of AAR in a research note on Thursday, September 27th. Canaccord Genuity raised their target price on shares of AAR from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. ValuEngine raised shares of AAR from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Finally, Zacks Investment Research lowered shares of AAR from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. AAR currently has a consensus rating of “Buy” and an average target price of $53.17.
In related news, Director David P. Storch sold 63,736 shares of AAR stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $47.20, for a total transaction of $3,008,339.20. Following the transaction, the director now owns 705,281 shares of the company’s stock, valued at approximately $33,289,263.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald B. Woodard sold 10,239 shares of AAR stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $46.64, for a total transaction of $477,546.96. Following the transaction, the director now directly owns 12,482 shares in the company, valued at approximately $582,160.48. The disclosure for this sale can be found here. Insiders sold a total of 131,778 shares of company stock worth $6,211,051 in the last ninety days. Insiders own 7.43% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd boosted its stake in AAR by 27.5% during the 2nd quarter. WINTON GROUP Ltd now owns 7,665 shares of the aerospace company’s stock worth $356,000 after acquiring an additional 1,651 shares during the last quarter. Federated Investors Inc. PA boosted its stake in AAR by 144.1% during the 1st quarter. Federated Investors Inc. PA now owns 3,146 shares of the aerospace company’s stock worth $139,000 after acquiring an additional 1,857 shares during the last quarter. Aperio Group LLC boosted its stake in AAR by 11.5% during the 2nd quarter. Aperio Group LLC now owns 18,397 shares of the aerospace company’s stock worth $855,000 after acquiring an additional 1,897 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in AAR by 17.1% during the 2nd quarter. MetLife Investment Advisors LLC now owns 16,195 shares of the aerospace company’s stock worth $753,000 after acquiring an additional 2,365 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in AAR by 10.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 31,888 shares of the aerospace company’s stock worth $1,482,000 after acquiring an additional 3,085 shares during the last quarter. 93.92% of the stock is currently owned by institutional investors and hedge funds.
AIR traded down $0.09 during midday trading on Friday, hitting $43.54. The company had a trading volume of 186,200 shares, compared to its average volume of 246,869. The company has a current ratio of 3.12, a quick ratio of 1.63 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.68 billion, a PE ratio of 24.32 and a beta of 1.21. AAR has a twelve month low of $36.46 and a twelve month high of $51.52.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Monday, October 22nd will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, October 19th. AAR’s dividend payout ratio (DPR) is presently 16.76%.
AAR Company Profile
AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.
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