AAR (NYSE:AIR) Issues Quarterly Earnings Results

AAR (NYSE:AIR) released its quarterly earnings data on Tuesday. The aerospace company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03, MarketWatch Earnings reports. The company had revenue of $553.10 million for the quarter, compared to the consensus estimate of $550.29 million. AAR had a return on equity of 10.18% and a net margin of 0.18%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS.

Shares of AIR opened at $15.26 on Wednesday. AAR has a 12 month low of $8.56 and a 12 month high of $52.78. The stock’s 50-day moving average is $34.08 and its two-hundred day moving average is $41.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.64 and a quick ratio of 1.21. The stock has a market cap of $461.21 million, a PE ratio of 152.62 and a beta of 1.33.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Monday, March 30th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, March 27th. AAR’s dividend payout ratio is presently 12.71%.

AIR has been the subject of a number of research reports. ValuEngine cut AAR from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 18th. Zacks Investment Research lowered shares of AAR from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a report on Tuesday, December 24th. TheStreet lowered shares of AAR from a “b-” rating to a “c” rating in a report on Monday, March 16th. Canaccord Genuity reaffirmed a “buy” rating and set a $25.00 price target on shares of AAR in a research report on Wednesday. Finally, SunTrust Banks upgraded shares of AAR from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $48.00 to $56.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.33.

In other news, Director David P. Storch sold 9,663 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $45.95, for a total transaction of $444,014.85. Following the transaction, the director now directly owns 493,364 shares of the company’s stock, valued at $22,670,075.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Mcclain Holmes III sold 11,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $47.47, for a total transaction of $522,170.00. Following the completion of the transaction, the chief executive officer now owns 183,588 shares of the company’s stock, valued at $8,714,922.36. The disclosure for this sale can be found here. Insiders sold 63,163 shares of company stock valued at $2,935,560 in the last ninety days. Company insiders own 8.01% of the company’s stock.

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 for AAR (NYSE:AIR)

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