Equities research analysts expect AAR Corp. (NYSE:AIR) to report $0.76 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for AAR’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.89. AAR posted earnings of $0.54 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 40.7%. The firm is scheduled to report its next earnings report on Tuesday, July 9th.
On average, analysts expect that AAR will report full-year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.47 to $2.54. For the next year, analysts expect that the business will report earnings of $2.71 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for AAR.
AAR (NYSE:AIR) last released its quarterly earnings data on Tuesday, March 19th. The aerospace company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. AAR had a negative net margin of 0.17% and a positive return on equity of 9.30%. The business had revenue of $529.50 million during the quarter, compared to analyst estimates of $539.70 million. During the same period in the previous year, the business earned $0.49 EPS. AAR’s revenue was up 16.0% compared to the same quarter last year.
In other news, Director David P. Storch sold 30,000 shares of the business’s stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $38.72, for a total transaction of $1,161,600.00. Following the completion of the transaction, the director now directly owns 612,822 shares in the company, valued at approximately $23,728,467.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.43% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AIR. BlackRock Inc. grew its position in AAR by 3.6% in the fourth quarter. BlackRock Inc. now owns 6,159,968 shares of the aerospace company’s stock worth $230,014,000 after acquiring an additional 214,712 shares in the last quarter. Vanguard Group Inc grew its position in AAR by 2.5% in the third quarter. Vanguard Group Inc now owns 3,266,895 shares of the aerospace company’s stock worth $156,452,000 after acquiring an additional 79,403 shares in the last quarter. Vanguard Group Inc. grew its position in AAR by 2.5% in the third quarter. Vanguard Group Inc. now owns 3,266,895 shares of the aerospace company’s stock worth $156,452,000 after acquiring an additional 79,403 shares in the last quarter. Dimensional Fund Advisors LP grew its position in AAR by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,952,287 shares of the aerospace company’s stock worth $141,384,000 after acquiring an additional 41,766 shares in the last quarter. Finally, Northern Trust Corp grew its position in AAR by 0.6% in the fourth quarter. Northern Trust Corp now owns 1,266,157 shares of the aerospace company’s stock worth $47,279,000 after acquiring an additional 7,454 shares in the last quarter. Hedge funds and other institutional investors own 90.08% of the company’s stock.
AAR stock traded down $1.12 during mid-day trading on Friday, reaching $32.59. The company’s stock had a trading volume of 442,519 shares, compared to its average volume of 475,167. AAR has a 12-month low of $31.51 and a 12-month high of $51.52. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 18.21 and a beta of 1.02. The company has a current ratio of 2.76, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20.
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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