Equities analysts forecast that AAR Corp. (NYSE:AIR) will announce earnings per share of $0.37 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for AAR’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.33. AAR posted earnings per share of $0.35 in the same quarter last year, which suggests a positive year-over-year growth rate of 5.7%. The company is expected to announce its next earnings results on Wednesday, December 20th.
On average, analysts expect that AAR will report full-year earnings of $1.81 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.92. For the next year, analysts expect that the business will report earnings of $2.46 per share, with EPS estimates ranging from $2.28 to $2.78. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for AAR.
AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, September 19th. The aerospace company reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. The business had revenue of $439.20 million during the quarter, compared to the consensus estimate of $410.52 million. AAR had a return on equity of 5.66% and a net margin of 3.20%. AAR’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share.
Shares of AAR (AIR) traded up $0.23 during midday trading on Friday, reaching $42.70. The company’s stock had a trading volume of 193,500 shares, compared to its average volume of 178,310. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.38 and a current ratio of 2.90. The firm has a market capitalization of $1,470.40, a P/E ratio of 28.70 and a beta of 1.34. AAR has a 12-month low of $31.20 and a 12-month high of $42.82.
In related news, Director Ronald R. Fogleman sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $33.47, for a total value of $100,410.00. Following the sale, the director now directly owns 23,406 shares in the company, valued at $783,398.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.33% of the company’s stock.
A number of hedge funds have recently made changes to their positions in AIR. Macquarie Group Ltd. bought a new stake in AAR in the third quarter valued at approximately $144,000. Victory Capital Management Inc. boosted its holdings in AAR by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,262 shares of the aerospace company’s stock valued at $148,000 after acquiring an additional 639 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in AAR in the third quarter valued at approximately $200,000. Cubist Systematic Strategies LLC bought a new position in shares of AAR during the 2nd quarter worth approximately $213,000. Finally, OxFORD Asset Management LLP bought a new position in shares of AAR during the 2nd quarter worth approximately $230,000. Institutional investors and hedge funds own 87.90% of the company’s stock.
WARNING: This piece of content was reported by Week Herald and is the property of of Week Herald. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://weekherald.com/2017/12/08/brokerages-expect-aar-corp-air-will-post-earnings-of-0-37-per-share.html.
AAR Company Profile
AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AAR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR Corp. and related companies with MarketBeat.com's FREE daily email newsletter.