Aerojet Rocketdyne (NYSE:AJRD) announced its quarterly earnings data on Wednesday. The aerospace company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.10, Briefing.com reports. The firm had revenue of $485.00 million for the quarter, compared to the consensus estimate of $473.98 million. Aerojet Rocketdyne had a net margin of 8.55% and a return on equity of 34.95%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS.
Shares of Aerojet Rocketdyne stock traded down $1.70 on Friday, hitting $46.86. 1,125,690 shares of the company traded hands, compared to its average volume of 430,651. The firm has a market cap of $3.36 billion, a PE ratio of 24.28, a P/E/G ratio of 4.65 and a beta of 0.56. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79. Aerojet Rocketdyne has a 52 week low of $29.40 and a 52 week high of $49.74. The company’s 50-day moving average price is $44.24.
A number of equities research analysts have commented on the company. SunTrust Banks raised their price target on Aerojet Rocketdyne to $55.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity initiated coverage on Aerojet Rocketdyne in a report on Friday, June 28th. They set a “buy” rating and a $50.00 price target on the stock. Zacks Investment Research raised Aerojet Rocketdyne from a “sell” rating to a “hold” rating and set a $52.00 target price on the stock in a research note on Friday. Finally, ValuEngine raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.33.
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.
Read More: Leveraged Buyout (LBO) Explained
Receive News & Ratings for Aerojet Rocketdyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne and related companies with MarketBeat.com's FREE daily email newsletter.