AAR (NYSE:AIR) Issues FY 2020 Earnings Guidance

Share on StockTwits

AAR (NYSE:AIR) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.45-2.65 for the period, compared to the Thomson Reuters consensus earnings per share 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.

AAR stock opened at $41.31 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 1.33. AAR has a 1-year low of $29.84 and a 1-year high of $51.52. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 16.65 and a beta of 1.18. The stock has a 50-day moving average price of $34.35.

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

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

A number of analysts recently weighed in on AIR shares. 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. 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 price objective on the stock. Canaccord Genuity reduced their price objective on shares of Western Energy Services from C$0.50 to C$0.40 in a research report on Wednesday, March 20th. Finally, ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. AAR has a consensus rating of Buy and an average price target of $49.57.

About AAR

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.

See Also: Hedge Funds – Risk or Reward?

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.