Aerojet Rocketdyne Holdings Inc (AJRD) Expected to Announce Earnings of $0.31 Per Share

Wall Street brokerages expect that Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) will report earnings of $0.31 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Aerojet Rocketdyne’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.29. Aerojet Rocketdyne posted earnings per share of $0.18 during the same quarter last year, which would suggest a positive year over year growth rate of 72.2%. The company is expected to issue its next quarterly earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that Aerojet Rocketdyne will report full-year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.41. For the next year, analysts expect that the firm will post earnings of $1.54 per share, with EPS estimates ranging from $1.48 to $1.59. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Aerojet Rocketdyne.

Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings data on Tuesday, February 19th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $437.90 million during the quarter, compared to analysts’ expectations of $512.37 million. Aerojet Rocketdyne had a return on equity of 36.16% and a net margin of 7.24%. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share.

AJRD has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Aerojet Rocketdyne from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Wednesday, January 16th. SunTrust Banks increased their price objective on shares of Aerojet Rocketdyne to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. ValuEngine cut shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Credit Suisse Group raised shares of Aerojet Rocketdyne from a “neutral” rating to an “outperform” rating in a research note on Monday, January 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.00.

In related news, CEO Eileen P. Drake sold 29,592 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $34.42, for a total transaction of $1,018,556.64. Following the completion of the transaction, the chief executive officer now directly owns 382,236 shares of the company’s stock, valued at $13,156,563.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nikko Asset Management Americas Inc. grew its stake in shares of Aerojet Rocketdyne by 145.6% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 1,039 shares of the aerospace company’s stock worth $37,000 after buying an additional 616 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Aerojet Rocketdyne by 29.2% in the 4th quarter. IFP Advisors Inc now owns 3,332 shares of the aerospace company’s stock worth $116,000 after buying an additional 753 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Aerojet Rocketdyne by 12.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,849 shares of the aerospace company’s stock worth $171,000 after buying an additional 528 shares in the last quarter. Strs Ohio grew its stake in shares of Aerojet Rocketdyne by 960.0% in the 4th quarter. Strs Ohio now owns 5,300 shares of the aerospace company’s stock worth $186,000 after buying an additional 4,800 shares in the last quarter. Finally, M Holdings Securities Inc. purchased a new position in shares of Aerojet Rocketdyne in the 3rd quarter worth $224,000.

Shares of NYSE AJRD opened at $35.53 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $2.75 billion, a PE ratio of 18.41, a PEG ratio of 4.80 and a beta of 0.74. Aerojet Rocketdyne has a 1 year low of $25.06 and a 1 year high of $40.99.

About Aerojet Rocketdyne

Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.

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Earnings History and Estimates for Aerojet Rocketdyne (NYSE:AJRD)

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