AAR (NYSE:AIR) Updates FY20 Earnings Guidance

AAR (NYSE:AIR) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.45-2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.79. The company issued revenue guidance of $2.1-2.2 billion, compared to the consensus revenue estimate of $2.13 billion.AAR also updated its FY 2020 guidance to $2.45-2.65 EPS.

A number of analysts recently issued reports on the company. Zacks Investment Research downgraded HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a research report on Tuesday, May 21st. Stifel Nicolaus initiated coverage on AAR in a research note on Monday. They set a buy rating and a $50.00 price target on the stock. Canaccord Genuity cut their target price on Western Energy Services from C$0.50 to C$0.40 in a research note on Wednesday, March 20th. Finally, ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. AAR currently has a consensus rating of Buy and an average price target of $49.57.

AIR traded up $0.31 during mid-day trading on Wednesday, hitting $39.21. 704,987 shares of the stock were exchanged, compared to its average volume of 294,956. The firm’s fifty day moving average price is $33.90. The company has a current ratio of 2.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.20. AAR has a 1-year low of $29.84 and a 1-year high of $51.52. The company has a market cap of $1.33 billion, a P/E ratio of 21.91 and a beta of 1.17.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.77%. AAR’s dividend payout ratio 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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Earnings History and Estimates for AAR (NYSE:AIR)

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