Brokerages forecast that Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) will post earnings per share of $0.36 for the current quarter, according to Zacks. Two analysts have issued estimates for Aerojet Rocketdyne’s earnings, with estimates ranging from $0.32 to $0.39. Aerojet Rocketdyne reported earnings per share of $0.16 during the same quarter last year, which suggests a positive year-over-year growth rate of 125%. The company is scheduled to issue its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Aerojet Rocketdyne will report full-year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.79 to $1.85. For the next year, analysts expect that the business will report earnings of $1.46 per share, with EPS estimates ranging from $1.31 to $1.60. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Aerojet Rocketdyne.
Aerojet Rocketdyne (NYSE:AJRD) last posted its quarterly earnings data on Tuesday, October 30th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.13. Aerojet Rocketdyne had a net margin of 3.11% and a return on equity of 42.70%. The company had revenue of $497.20 million for the quarter, compared to the consensus estimate of $479.64 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue was up 3.0% compared to the same quarter last year.
Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. SunTrust Banks boosted their price objective on shares of Aerojet Rocketdyne from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, August 21st. Finally, TheStreet upgraded shares of Aerojet Rocketdyne from a “c+” rating to a “b” rating in a report on Friday, August 3rd.
NYSE:AJRD opened at $37.94 on Friday. Aerojet Rocketdyne has a 52-week low of $24.41 and a 52-week high of $38.92. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.90. The stock has a market cap of $2.99 billion, a PE ratio of 51.27, a P/E/G ratio of 4.89 and a beta of 0.91.
In other news, Director Martin Turchin sold 5,000 shares of Aerojet Rocketdyne stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $36.43, for a total transaction of $182,150.00. Following the sale, the director now directly owns 90,650 shares in the company, valued at approximately $3,302,379.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of AJRD. Benjamin F. Edwards & Company Inc. boosted its position in shares of Aerojet Rocketdyne by 801.6% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,877 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 3,447 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Aerojet Rocketdyne by 99.3% during the 2nd quarter. LS Investment Advisors LLC now owns 4,556 shares of the aerospace company’s stock valued at $134,000 after acquiring an additional 2,270 shares in the last quarter. Eidelman Virant Capital boosted its position in shares of Aerojet Rocketdyne by 298.5% during the 2nd quarter. Eidelman Virant Capital now owns 6,675 shares of the aerospace company’s stock valued at $196,000 after acquiring an additional 5,000 shares in the last quarter. Seven Eight Capital LP acquired a new position in Aerojet Rocketdyne in the third quarter valued at about $207,000. Finally, WINTON GROUP Ltd acquired a new position in Aerojet Rocketdyne in the third quarter valued at about $222,000.
Aerojet Rocketdyne Company Profile
Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aerojet Rocketdyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne and related companies with MarketBeat.com's FREE daily email newsletter.