Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) – Analysts at Jefferies Group boosted their FY2019 earnings per share estimates for Aerojet Rocketdyne in a research report issued on Wednesday. Jefferies Group analyst G. Konrad now expects that the aerospace company will post earnings of $1.20 per share for the year, up from their previous forecast of $1.00.
Aerojet Rocketdyne (NYSE:AJRD) last issued its earnings results on Wednesday, February 21st. The aerospace company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.12). The business had revenue of $528.20 million during the quarter, compared to analysts’ expectations of $540.35 million. Aerojet Rocketdyne had a negative net margin of 0.49% and a positive return on equity of 47.43%. The business’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS.
Aerojet Rocketdyne (NYSE AJRD) traded down $0.83 on Monday, reaching $27.39. 577,462 shares of the company were exchanged, compared to its average volume of 926,690. The firm has a market cap of $2,062.25, a price-to-earnings ratio of -198.93, a price-to-earnings-growth ratio of 4.80 and a beta of 1.12. Aerojet Rocketdyne has a 1-year low of $19.35 and a 1-year high of $36.25. The company has a debt-to-equity ratio of 5.78, a quick ratio of 1.48 and a current ratio of 1.71.
In related news, Director Martin Turchin sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in AJRD. New York State Common Retirement Fund grew its holdings in Aerojet Rocketdyne by 19.0% during the 2nd quarter. New York State Common Retirement Fund now owns 73,900 shares of the aerospace company’s stock worth $1,537,000 after acquiring an additional 11,799 shares in the last quarter. Vanguard Group Inc. grew its holdings in Aerojet Rocketdyne by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock worth $77,813,000 after acquiring an additional 246,605 shares in the last quarter. California Public Employees Retirement System grew its holdings in Aerojet Rocketdyne by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 94,300 shares of the aerospace company’s stock worth $1,961,000 after acquiring an additional 2,000 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Aerojet Rocketdyne by 13.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 59,416 shares of the aerospace company’s stock worth $1,236,000 after acquiring an additional 6,847 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in Aerojet Rocketdyne by 9.0% during the 2nd quarter. Voya Investment Management LLC now owns 30,880 shares of the aerospace company’s stock worth $642,000 after acquiring an additional 2,545 shares in the last quarter. 98.11% of the stock is owned by institutional investors.
Aerojet Rocketdyne Company Profile
GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.
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