Wall Street brokerages forecast that AAR Corp. (NYSE:AIR) will post $0.69 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for AAR’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.66. AAR posted earnings of $0.49 per share in the same quarter last year, which would indicate a positive year over year growth rate of 40.8%. The company is scheduled to announce its next earnings report on Tuesday, March 19th.
On average, analysts expect that AAR will report full-year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.47 to $2.53. For the next year, analysts anticipate that the firm will report earnings of $2.85 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for AAR.
AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, December 18th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. AAR had a net margin of 2.63% and a return on equity of 8.15%. The business had revenue of $493.30 million during the quarter, compared to analyst estimates of $502.10 million.
In related news, Director David P. Storch sold 30,000 shares of the stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $38.72, for a total value of $1,161,600.00. Following the completion of the transaction, the director now directly owns 612,822 shares of the company’s stock, valued at $23,728,467.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.43% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of AAR by 3.6% during the fourth quarter. BlackRock Inc. now owns 6,159,968 shares of the aerospace company’s stock valued at $230,014,000 after purchasing an additional 214,712 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of AAR by 21.3% during the fourth quarter. Prudential Financial Inc. now owns 293,751 shares of the aerospace company’s stock valued at $10,969,000 after purchasing an additional 51,652 shares in the last quarter. Piedmont Investment Advisors Inc. increased its stake in shares of AAR by 4.2% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 7,760 shares of the aerospace company’s stock valued at $290,000 after purchasing an additional 311 shares in the last quarter. Beach Point Capital Management LP increased its stake in shares of AAR by 58.6% during the fourth quarter. Beach Point Capital Management LP now owns 490,377 shares of the aerospace company’s stock valued at $18,311,000 after purchasing an additional 181,242 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of AAR during the fourth quarter valued at approximately $463,000. 91.12% of the stock is owned by institutional investors and hedge funds.
NYSE AIR opened at $36.82 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 3.02 and a debt-to-equity ratio of 0.23. AAR has a 12-month low of $33.94 and a 12-month high of $51.52. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 20.57 and a beta of 1.07.
The business also recently declared a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Monday, January 28th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Friday, January 25th. AAR’s payout ratio is currently 16.76%.
AAR Company Profile
AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.
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