AAR (NYSE:AIR) Releases FY 2020 Earnings Guidance

AAR (NYSE:AIR) updated its FY 2020 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.45-2.65 for the period, compared to the Thomson Reuters consensus estimate of $2.80. The company issued revenue guidance of $2.1-2.2 billion, compared to the consensus revenue estimate of $2.13 billion.AAR also updated its FY20 guidance to $2.45-2.65 EPS.

Several analysts have recently issued reports on the stock. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Stifel Nicolaus started coverage on shares of AAR in a research report on Monday, July 8th. They issued a buy rating and a $50.00 target price on the stock. Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a research report on Tuesday, May 21st. Finally, Canaccord Genuity lowered their price target on shares of Western Energy Services from C$0.50 to C$0.40 in a research report on Wednesday, March 20th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. AAR currently has a consensus rating of Buy and a consensus price target of $49.57.

AIR opened at $41.31 on Friday. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 16.65 and a beta of 1.18. AAR has a twelve month low of $29.84 and a twelve month high of $51.52. The stock’s 50-day simple moving average is $34.35. The company has a quick ratio of 1.33, a current ratio of 2.66 and a debt-to-equity ratio of 0.16.

AAR (NYSE:AIR) last posted its quarterly earnings results on Wednesday, July 10th. The aerospace company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $562.70 million for the quarter, compared to analyst estimates of $529.49 million. AAR had a net margin of 0.37% and a return on equity of 9.75%. AAR’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. Equities analysts anticipate that AAR will post 2.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, July 18th. This represents a $0.30 dividend on an annualized basis and a yield of 0.73%. AAR’s payout ratio is presently 12.71%.

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.

Further Reading: Why is cost of goods sold important?

Earnings History and Estimates for AAR (NYSE:AIR)

Receive News & Ratings for AAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR and related companies with MarketBeat.com's FREE daily email newsletter.