Equities analysts forecast that Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) will post $487.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aerojet Rocketdyne’s earnings, with estimates ranging from $477.30 million to $496.90 million. Aerojet Rocketdyne reported sales of $492.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1%. The firm 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 sales of $1.97 billion for the current year, with estimates ranging from $1.96 billion to $1.98 billion. For the next fiscal year, analysts expect that the company will post sales of $2.07 billion, with estimates ranging from $2.05 billion to $2.08 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Aerojet Rocketdyne.
Aerojet Rocketdyne (NYSE:AJRD) last announced its earnings results on Tuesday, February 19th. The aerospace company reported $0.33 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share.
In other news, CEO Eileen P. Drake sold 29,592 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 382,236 shares in the company, valued at $13,156,563.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of AJRD. Vanguard Group Inc. increased its holdings in Aerojet Rocketdyne by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,346,542 shares of the aerospace company’s stock worth $249,710,000 after buying an additional 200,087 shares during the period. Vanguard Group Inc increased its holdings in Aerojet Rocketdyne by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 7,346,542 shares of the aerospace company’s stock worth $249,710,000 after buying an additional 200,087 shares during the period. Dimensional Fund Advisors LP increased its holdings in Aerojet Rocketdyne by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,467,725 shares of the aerospace company’s stock worth $86,937,000 after buying an additional 54,328 shares during the period. Eagle Asset Management Inc. increased its holdings in Aerojet Rocketdyne by 3.5% in the 4th quarter. Eagle Asset Management Inc. now owns 2,122,508 shares of the aerospace company’s stock worth $74,775,000 after buying an additional 72,151 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new position in Aerojet Rocketdyne in the 4th quarter worth approximately $27,000.
Aerojet Rocketdyne stock traded down $0.50 during trading hours on Friday, reaching $33.86. The stock had a trading volume of 631,589 shares, compared to its average volume of 904,410. The company has a market capitalization of $2.69 billion, a PE ratio of 17.54, a P/E/G ratio of 4.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.41. Aerojet Rocketdyne has a 52 week low of $25.06 and a 52 week high of $40.99.
Aerojet Rocketdyne Company Profile
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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