Brokerages Expect AAR Corp. (AIR) Will Post Earnings of $0.37 Per Share

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.

Several brokerages have commented on AIR. SunTrust Banks boosted their target price on AAR to $50.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity reissued a “hold” rating and set a $40.00 target price on shares of AAR in a research note on Friday, October 13th. Zacks Investment Research raised AAR from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Seaport Global Securities assumed coverage on AAR in a research note on Tuesday, September 12th. They set a “neutral” rating and a $39.00 target price for the company. Finally, Noble Financial reaffirmed a “buy” rating on shares of AAR in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $42.25.

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.

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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.

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Earnings History and Estimates for AAR (NYSE:AIR)

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