AAR (AIR) Releases FY19 Earnings Guidance

AAR (NYSE:AIR) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.50-2.80 for the period, compared to the Thomson Reuters consensus estimate of $2.71. The company issued revenue guidance of $2.10-2.20 billion, compared to the consensus revenue estimate of $2.20 billion.

AAR (AIR) traded up $0.13 during mid-day trading on Tuesday, reaching $42.95. 270,511 shares of the company’s stock were exchanged, compared to its average volume of 270,972. The company has a current ratio of 2.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. AAR has a 12 month low of $31.97 and a 12 month high of $45.60. The firm has a market capitalization of $1,504.82, a PE ratio of 63.87 and a beta of 1.26.

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AAR (NYSE:AIR) last released its quarterly earnings data on Tuesday, March 20th. The aerospace company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. AAR had a net margin of 1.25% and a return on equity of 5.61%. The company had revenue of $456.30 million for the quarter, compared to analysts’ expectations of $475.89 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. equities analysts predict that AAR will post 1.86 EPS for the current year.

AIR has been the topic of a number of research analyst reports. SunTrust Banks raised their price objective on shares of AAR to $50.00 and gave the stock a buy rating in a report on Monday, December 4th. Noble Financial reissued a buy rating on shares of AAR in a report on Friday, December 22nd. TheStreet cut shares of AAR from a b rating to a c+ rating in a report on Thursday, December 21st. Credit Suisse Group raised shares of AAR from a neutral rating to an outperform rating in a report on Friday, January 12th. Finally, Seaport Global Securities raised shares of AAR from a neutral rating to a buy rating and raised their price objective for the stock from $39.00 to $50.00 in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $46.80.

In other news, Director Ronald R. Fogleman sold 3,000 shares of AAR stock in a transaction on Friday, December 29th. The shares were sold at an average price of $33.47, for a total value of $100,410.00. Following the transaction, the director now directly owns 23,406 shares of the company’s stock, valued at approximately $783,398.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David P. Storch sold 126,679 shares of AAR stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $41.53, for a total transaction of $5,260,978.87. Following the completion of the transaction, the chief executive officer now directly owns 759,639 shares in the company, valued at $31,547,807.67. The disclosure for this sale can be found here. Insiders own 9.33% of the company’s stock.

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About AAR

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.

Earnings History and Estimates for AAR (NYSE:AIR)

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