AAR (NYSE:AIR) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

AAR (NYSE:AIR) released its earnings results on Monday. The aerospace company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.19, Zacks reports. AAR had a net margin of 5.67% and a return on equity of 12.67%.

AAR Stock Performance

AIR stock traded down $0.53 during midday trading on Monday, reaching $115.58. 566,527 shares of the company were exchanged, compared to its average volume of 465,359. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 23.93 and a beta of 1.11. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.24. AAR has a one year low of $76.10 and a one year high of $154.00. The business has a 50-day moving average price of $132.55 and a two-hundred day moving average price of $123.80.

Analyst Upgrades and Downgrades

AIR has been the subject of several research reports. KeyCorp reiterated a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Guggenheim initiated coverage on AAR in a research note on Monday, September 14th. They set a “neutral” rating for the company. Jefferies Financial Group raised their target price on shares of AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $145.00 target price on shares of AAR in a research note on Monday. Finally, Truist Financial lifted their price objective on shares of AAR from $128.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, AAR currently has an average rating of “Moderate Buy” and an average target price of $139.60.

About AAR

AAR Corp. is a global provider of aviation services supporting commercial aviation, government and defense customers. The company supplies aircraft parts and equipment, manages inventory and logistics, and provides maintenance, repair and overhaul services for aircraft and components.

AAR’s offerings include parts distribution, supply-chain management, aircraft maintenance, airframe and component repair, and mobility solutions for government and defense operators. Its services are designed to help airlines, aircraft operators and government agencies maintain fleet readiness and manage aviation assets.

Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America, Europe, Asia and other international markets.