Q1 2024 EPS Estimates for Air Industries Group Raised by Analyst (NYSE:AIRI)

Air Industries Group (NYSE:AIRI) – Equities researchers at Taglich Brothers upped their Q1 2024 earnings estimates for shares of Air Industries Group in a report issued on Tuesday, April 23rd. Taglich Brothers analyst H. Halpern now anticipates that the company will post earnings per share of ($0.12) for the quarter, up from their previous estimate of ($0.21). The consensus estimate for Air Industries Group’s current full-year earnings is ($0.29) per share. Taglich Brothers also issued estimates for Air Industries Group’s Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.06) EPS, Q4 2024 earnings at ($0.03) EPS and FY2024 earnings at ($0.29) EPS.

Separately, StockNews.com started coverage on Air Industries Group in a research note on Saturday, April 20th. They set a “hold” rating on the stock.

Air Industries Group Price Performance

Shares of NYSE:AIRI opened at $6.15 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $4.76 and its two-hundred day simple moving average is $3.81. Air Industries Group has a 1-year low of $2.60 and a 1-year high of $6.50. The stock has a market cap of $20.42 million, a PE ratio of -9.46 and a beta of 0.60.

Air Industries Group (NYSE:AIRI) last issued its quarterly earnings data on Monday, April 1st. The company reported $0.06 earnings per share for the quarter. Air Industries Group had a negative return on equity of 13.61% and a negative net margin of 4.14%. The business had revenue of $13.47 million for the quarter, compared to analysts’ expectations of $12.40 million.

About Air Industries Group

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.