AAR (NYSE:AIR) announced its earnings results on Wednesday. The aerospace company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02, Briefing.com reports. The company had revenue of $562.70 million for the quarter, compared to analysts’ expectations of $529.49 million. AAR had a return on equity of 9.75% and a net margin of 0.37%. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. AAR updated its FY 2020 guidance to $2.45-2.65 EPS and its FY20 guidance to $2.45-2.65 EPS.
Shares of AIR opened at $41.31 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.66 and a debt-to-equity ratio of 0.16. AAR has a 12-month low of $29.84 and a 12-month high of $51.52. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 16.65 and a beta of 1.18. The firm’s fifty day moving average price is $34.35.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, July 18th. AAR’s dividend payout ratio (DPR) is presently 12.71%.
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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