Wall Street brokerages predict that AAR Corp. (NYSE:AIR) will report sales of $498.38 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for AAR’s earnings. The highest sales estimate is $523.90 million and the lowest is $484.00 million. AAR posted sales of $466.30 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The company is scheduled to report its next earnings results on Tuesday, September 24th.
According to Zacks, analysts expect that AAR will report full-year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.12 billion to $2.19 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.29 billion, with estimates ranging from $2.26 billion to $2.33 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for AAR.
AAR (NYSE:AIR) last issued its quarterly earnings results on Wednesday, July 10th. The aerospace company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $562.70 million during 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%. The business’s revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share.
Institutional investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of AAR during the first quarter valued at $26,000. Advisor Group Inc. lifted its holdings in AAR by 94.8% in the fourth quarter. Advisor Group Inc. now owns 744 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 362 shares during the period. Pearl River Capital LLC acquired a new stake in AAR in the first quarter worth about $36,000. AlphaOne Investment Services LLC lifted its holdings in AAR by 73.5% in the first quarter. AlphaOne Investment Services LLC now owns 1,617 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 685 shares during the period. Finally, LPL Financial LLC acquired a new stake in AAR in the second quarter worth about $210,000. 90.46% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:AIR traded up $0.93 during midday trading on Friday, reaching $40.80. The company had a trading volume of 190,783 shares, compared to its average volume of 296,150. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 1.20. The company’s fifty day simple moving average is $40.21. The stock has a market cap of $1.39 billion, a PE ratio of 17.29 and a beta of 1.18. AAR has a one year low of $29.84 and a one year high of $51.52.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, July 18th. AAR’s dividend 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.
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