AAR Corp. (AIR) Announces Quarterly Dividend of $0.08

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AAR Corp. (NYSE:AIR) announced a quarterly dividend on Tuesday, April 16th, RTT News reports. Shareholders of record on Wednesday, May 1st will be given a dividend of 0.075 per share by the aerospace company on Thursday, May 16th. This represents a $0.30 dividend on an annualized basis and a yield of 0.89%.

AAR has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AAR to earn $2.73 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 11.0%.

NYSE:AIR opened at $33.63 on Wednesday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 18.79 and a beta of 1.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.76 and a quick ratio of 1.33. AAR has a fifty-two week low of $31.51 and a fifty-two week high of $51.52.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, March 19th. The aerospace company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The firm had revenue of $529.50 million for the quarter, compared to analysts’ expectations of $539.70 million. AAR had a positive return on equity of 9.30% and a negative net margin of 0.17%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. On average, sell-side analysts expect that AAR will post 2.54 EPS for the current year.

In other AAR news, Director Anthony Anderson sold 3,615 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $33.23, for a total transaction of $120,126.45. Following the transaction, the director now directly owns 19,469 shares in the company, valued at approximately $646,954.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.43% of the stock is currently owned by company insiders.

AIR has been the topic of a number of recent research reports. ValuEngine cut AAR from a “hold” rating to a “sell” rating in a report on Tuesday, February 19th. Canaccord Genuity reiterated a “buy” rating and issued a $48.00 target price on shares of AAR in a report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. AAR currently has a consensus rating of “Hold” and a consensus price target of $52.33.

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About AAR

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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Dividend History for AAR (NYSE:AIR)

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