AAR (NYSE:AIR) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.45-2.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.80. The company issued revenue guidance of $2.1-2.2 billion, compared to the consensus revenue estimate of $2.13 billion.
Shares of AIR stock traded up $0.31 during trading on Wednesday, hitting $39.21. 790,015 shares of the stock traded hands, compared to its average volume of 294,957. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 21.91 and a beta of 1.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.76 and a quick ratio of 1.33. The firm’s fifty day moving average price is $33.74. AAR has a 52-week low of $29.84 and a 52-week high of $51.52.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.77%. AAR’s dividend payout ratio (DPR) is presently 16.76%.
Several analysts recently weighed in on the stock. Canaccord Genuity dropped their target price on shares of Western Energy Services from C$0.50 to C$0.40 in a report on Wednesday, March 20th. Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a report on Tuesday, May 21st. Stifel Nicolaus assumed coverage on shares of AAR in a report on Monday. They issued a buy rating and a $50.00 target price for the company. Finally, ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $49.57.
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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