Equities research analysts forecast that Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) will announce $0.36 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Aerojet Rocketdyne’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.32. Aerojet Rocketdyne posted earnings of $0.16 per share in the same quarter last year, which would indicate a positive year over year growth rate of 125%. The firm 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 anticipate that the company will post 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 research analysts that that provide coverage for Aerojet Rocketdyne.
Aerojet Rocketdyne (NYSE:AJRD) last issued its earnings results on Tuesday, October 30th. The aerospace company reported $0.42 EPS for the quarter, beating the Zacks’ 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 business had revenue of $497.20 million for the quarter, compared to the consensus estimate of $479.64 million. During the same quarter last year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year.
A number of equities analysts have recently commented on the stock. Zacks Investment Research reissued a “buy” rating and issued a $34.00 target price on shares of Aerojet Rocketdyne in a research note on Monday, November 12th. SunTrust Banks raised their target price on shares of Aerojet Rocketdyne from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, August 21st. Finally, ValuEngine raised shares of Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st.
Shares of AJRD stock opened at $35.21 on Monday. 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 firm has a market capitalization of $2.76 billion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.
In other news, Director Martin Turchin sold 5,000 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the transaction, the director now owns 85,650 shares of the company’s stock, valued at approximately $3,235,857. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AJRD. Benjamin F. Edwards & Company Inc. grew its holdings in 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 purchasing an additional 3,447 shares in the last quarter. Seven Eight Capital LP acquired a new stake in Aerojet Rocketdyne during the 3rd quarter valued at $207,000. WINTON GROUP Ltd acquired a new stake in Aerojet Rocketdyne during the 3rd quarter valued at $222,000. Alambic Investment Management L.P. acquired a new stake in Aerojet Rocketdyne during the 3rd quarter valued at $224,000. Finally, M Holdings Securities Inc. acquired a new stake in Aerojet Rocketdyne during the 3rd quarter valued at $224,000.
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.
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