AAR (NYSE:AIR) Releases Earnings Results, Beats Expectations By $0.03 EPS

AAR (NYSE:AIR) announced its quarterly earnings data on Monday. The aerospace company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03, Briefing.com reports. AAR had a return on equity of 10.16% and a net margin of 2.00%. The firm had revenue of $661.70 million for the quarter, compared to analyst estimates of $645.60 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. AAR’s quarterly revenue was up 20.4% on a year-over-year basis.

AAR Stock Performance

NYSE:AIR opened at $65.99 on Wednesday. The company has a current ratio of 2.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2.34 billion, a P/E ratio of 38.82 and a beta of 1.55. The firm has a 50-day moving average price of $64.86 and a two-hundred day moving average price of $66.63. AAR has a twelve month low of $54.71 and a twelve month high of $76.34.

Wall Street Analyst Weigh In

AIR has been the topic of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $83.00 price target on shares of AAR in a research note on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $85.00 target price on shares of AAR in a research report on Tuesday. Stifel Nicolaus reduced their price target on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Finally, StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.50.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.