AAR Corp. (NYSE:AIR) – Investment analysts at Seaport Global Securities lifted their FY2019 earnings per share estimates for shares of AAR in a report issued on Tuesday, March 26th, according to Zacks Investment Research. Seaport Global Securities analyst J. Sullivan now forecasts that the aerospace company will post earnings of $2.54 per share for the year, up from their prior estimate of $2.47. Seaport Global Securities also issued estimates for AAR’s Q4 2019 earnings at $0.62 EPS and Q4 2020 earnings at $0.83 EPS.
AIR has been the topic of several other reports. Canaccord Genuity reaffirmed a “buy” rating and set a $48.00 target price on shares of AAR in a research report on Wednesday, March 20th. ValuEngine lowered AAR from a “hold” rating to a “sell” rating in a research report on Tuesday, February 19th. Two research 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 has a consensus rating of “Hold” and an average target price of $52.33.
AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, March 19th. The aerospace company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The firm had revenue of $529.50 million during the quarter, compared to analyst estimates of $539.70 million. AAR had a positive return on equity of 9.30% and a negative net margin of 0.17%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Wednesday, May 1st will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, April 30th. AAR’s dividend payout ratio is currently 16.76%.
In related news, Director Anthony Anderson sold 3,615 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $646,954.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.43% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in AAR during the 1st quarter valued at about $26,000. Mondrian Investment Partners LTD grew its stake in AAR by 47.7% during the 1st quarter. Mondrian Investment Partners LTD now owns 134,439 shares of the aerospace company’s stock valued at $4,371,000 after purchasing an additional 43,425 shares during the last quarter. Tibra Equities Europe Ltd purchased a new stake in AAR during the 1st quarter valued at about $1,018,000. Geode Capital Management LLC grew its stake in AAR by 18.8% during the 4th quarter. Geode Capital Management LLC now owns 454,302 shares of the aerospace company’s stock valued at $16,963,000 after purchasing an additional 72,010 shares during the last quarter. Finally, Norges Bank purchased a new stake in AAR during the 4th quarter valued at about $8,672,000. Institutional investors and hedge funds own 90.91% of the company’s stock.
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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