AAR (NYSE:AIR) Updates FY 2020 Earnings Guidance

AAR (NYSE:AIR) issued an update on its FY 2020 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 $2.57. The company issued revenue guidance of $2.1-2.2 billion, compared to the consensus revenue estimate of $2.15 billion.

NYSE AIR traded up $1.40 during mid-day trading on Wednesday, reaching $45.32. The stock had a trading volume of 314,342 shares, compared to its average volume of 280,419. AAR has a 1 year low of $29.84 and a 1 year high of $51.52. The stock has a market cap of $1.58 billion, a PE ratio of 19.20 and a beta of 1.17. The company has a fifty day moving average price of $42.86 and a 200 day moving average price of $36.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 1.20.

AAR (NYSE:AIR) last posted its earnings results on Wednesday, July 10th. The aerospace company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. AAR had a net margin of 0.37% and a return on equity of 9.75%. The business had revenue of $562.70 million during the quarter, compared to the consensus estimate of $529.49 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s revenue was up 18.8% on a year-over-year basis. As a group, equities research analysts expect that AAR will post 2.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, October 7th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.66%. AAR’s dividend payout ratio (DPR) is presently 12.71%.

A number of equities research analysts have commented on the stock. Stifel Nicolaus assumed coverage on shares of AAR in a research report on Monday, July 8th. They issued a buy rating and a $50.00 target price for the company. ValuEngine raised shares of AAR from a hold rating to a buy rating in a research report on Wednesday, September 4th. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus target price of $49.60.

About AAR

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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